News Flash
MoPSW To Recast Mormugao Port Monetisation Tender To Attract More Bids
Categories: News Flash
Date: Aug 26, 2022
The Shipping, Ports and Waterways Ministry is likely to restructure the Rs 842 crore tender for mon...
Relief As Rhine Water Rises In Germany, But Expected To Drop Again
Categories: News Flash
Date: Aug 26, 2022
Water levels on the river Rhine in Germany have risen after recent rain but are expected to fall ag...
Soaring Global LNG Prices Push India’s Regasification Plan Off Track
Categories: News Flash
Date: Aug 26, 2022
Lofty global LNG prices and limited supplies threaten to derail India’s regasification capacity p...
Russian Oil Imports To The UK Dry Up For First Time On Record: Official Data
Categories: News Flash
Date: Aug 26, 2022
Lofty global LNG prices and limited supplies threaten to derail India’s regasification capacity p...
Felixstowe Port Strike Might Be Extended Until Year End, Supply Chain Disruption Continues
Categories: News Flash
Date: Aug 26, 2022
Workers at the Port of Felixstowe, who have launched an ongoing strike over wages from 21 Augu...
China’s July Crude Oil Imports Hit 4-Year Low And Drops 9.2% y/y
Categories: News Flash
Date: Aug 26, 2022
China is the world’s largest importer of crude oil, accounting for approximately 25% of global cr...
Ukraine Economy Could Grow By 15.5% In 2023 After Deep Fall – Minister
Categories: News Flash
Date: Aug 26, 2022
Ukraine’s economy should stabilise over the coming year and expand by as much as 15.5% in 2023, d...
Svitzer’s ‘Aim For 8’ Tug Speed Initiative Saves 1000 Tonnes Of CO2
Categories: News Flash
Date: Aug 26, 2022
Svitzer, leading global towage operator and part of A.P. Moller-Maersk, has today announced that it...
As Shipping Companies Brace For New Emissions Rules, Bearing Launches AI Product To Predict And Manage Impact
Categories: News Flash
Date: Aug 26, 2022
New environmental regulations are poised to reshape the economics of maritime shipping. Bearing is ...
Oil Product Stocks Drop To 8-Week Low As Demand Picks Up
Categories: News Flash
Date: Aug 26, 2022
Oil product stockpiles at the UAE’s Port of Fujairah fell to an eight-week low led by a 14% decli...
Crisis-Stricken Sri Lanka Bans Import Of 300 Consumer Goods Items
Categories: News Flash
Date: Aug 25, 2022
The cash-strapped Sri Lankan government has slapped a ban on the import of 300 consumer items like ...
Panama Canal Alerts Ships To Go Slow To Protect Marine Life
Categories: News Flash
Date: Aug 25, 2022
THE Panama Canal authority has initiated seasonal traffic lanes and speed limits, which it hopes wi...
Oil Prices Rebound On Renewed Supply Worries
Categories: News Flash
Date: Aug 25, 2022
The energy sector is pointing to a higher start, backed by strength in the crude complex and major ...
Tropical Storm Ma-On Headed For Southeastern China
Categories: News Flash
Date: Aug 25, 2022
Tropical Storm Ma-on was gaining strength as it headed for Hong Kong and other parts of southeaster...
Renewable Energy Lifting Ops Covered In IMCA Guidance
Categories: News Flash
Date: Aug 25, 2022
The International Marine Contractors Association’s (IMCA’s) ‘Guidelines for lifting operation...
P&O Maritime Logistics Expands Its Cargo Transport Service With New Contract For Containerised Cargo Transport Across The Red Sea
Categories: News Flash
Date: Aug 25, 2022
P&O Maritime Logistics will help debottleneck customer supply chains by ensuring there is a fas...
DNV Launches New Class Notation For Enhanced Tailshaft Condition Monitoring And Performance
Categories: News Flash
Date: Aug 25, 2022
With its TMON(Oil lubricated, +) notation, DNV becomes the world’s first classification society t...
Performance Shipping Inc. Announces Agreement To Acquire Seventh Vessel; Its First LR2 Aframax Oil Product Tanker
Categories: News Flash
Date: Aug 25, 2022
Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping compan...
Gold Price Today: Yellow Metal Extends Gains In Choppy Trade, Silver Falls
Categories: News Flash
Date: Aug 25, 2022
Domestic gold prices extended gains on Wednesday amid negative trends in global markets. Global gol...
Pandemic Sets Back Asia-Pacific’s Poverty Fight By 2 Years
Categories: News Flash
Date: Aug 25, 2022
The pandemic has set back the fight against poverty in the Asia-Pacific region by at least two year...
Indian Coast Guard Hands Over 32 Rescued Fishermen To Bangladesh
Categories: News Flash
Date: Aug 24, 2022
The Indian Coast Guard Ship Varad on Tuesday formally handed over all 32 rescued Bangladeshi fisher...
Dockworker Strikes At Northern European Ports Add To Supply Chain Disruption
Categories: News Flash
Date: Aug 24, 2022
European supply chains are set for further disruption as transport unions step up industrial action...
Funding For Cadets Boosted To £43 Million Pounds Over Next Two Years To Help Build The Maritime Sector
Categories: News Flash
Date: Aug 24, 2022
The future of maritime has been given a massive funding boost by the UK Government with an increase...
Up From The Deep: AAL Lifts Two Sunken Tugs From The Bottom Of The Mersey River In Tasmania
Categories: News Flash
Date: Aug 24, 2022
AAL Shipping (AAL) has undertaken a salvage operation to remove two tugs from the Mersey River in D...
Capesize, Supramax Gains Buoy Baltic Sea Freight Index
Categories: News Flash
Date: Aug 24, 2022
The Baltic Exchange’s main sea freight index was little changed on Tuesday, as capesize and supra...
Shippers Unlikely To See Lower Insurance Premiums Despite Lesser Indian Ocean Piracy Risk
Categories: News Flash
Date: Aug 24, 2022
Shipowners and charterers carrying commodities in the Indian Ocean are unlikely to see lower insura...
CSM Agrees Exclusive Crew Training Deal With Nautilus Pacific Maritime Training In Manila
Categories: News Flash
Date: Aug 24, 2022
Columbia Shipmanagement has underlined its commitment to top level training of its crew by signing ...
Nearly Two-Thirds Of Europe Facing Drought Or Drought Risk
Categories: News Flash
Date: Aug 24, 2022
Nearly two-thirds of European territory is in a state of drought alert or warning due to heatwaves ...
Oil Jumps Nearly 4% On Possible OPEC+ Supply Tightening
Categories: News Flash
Date: Aug 24, 2022
Oil prices surged by nearly 4% on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts ...
Majority of Traders Now See Fed Raising Rates By 75 Bps In September
Categories: News Flash
Date: Aug 24, 2022
A majority of market participants now expect the Federal Reserve to raise rates by 75 basis points ...
India's 1st Indigenous Aircraft Carrier 'Vikrant' To Be Commissioned On September 2
Categories: News Flash
Date: Aug 23, 2022
Prime Minister Narendra Modi will commission the country's first indigenously-built aircraft carrie...
Indian Navy Prepares For Women At Sea
Categories: News Flash
Date: Aug 23, 2022
INS Chilka, the navy’s basic training establishment in Odisha, is undergoing a transformation ahe...