News Flash
Baltic Index Up As Panamax Rates Climb For Sixth Session
Categories: News Flash
Date: Sep 09, 2022
The Baltic Exchange’s main sea freight index extended gains on Thursday as rates for the panamax ...
Ukraine Exports Reach 2.1 mln Tonnes Under Grain Deal, Russia Raises Fresh Concerns
Categories: News Flash
Date: Sep 09, 2022
On 22 July, Russia and Ukraine signed an agreement to allow grain exports from three ports in Ukrai...
Dry Bulk Market Depressed, Despite Recent Glimmer Of Hope
Categories: News Flash
Date: Sep 09, 2022
The dry bulk market has continued to remained depressed, although some signs of a tentative rebound...
Bollore Logistics And Hapag-Lloyd Commit On Sustainable Maritime Transport
Categories: News Flash
Date: Sep 09, 2022
Bolloré Logistics has recently signed an agreement with strategic partner Hapag-Lloyd to promote t...
U.S.-India 2+2 Intersessional And Maritime Security Dialogues
Categories: News Flash
Date: Sep 09, 2022
Department of Defense Spokesperson John Supple provided the following statement: Assistant Secre...
Global Economy Slides Into Contraction, Price Pressures Ease To 1½ Year Low
Categories: News Flash
Date: Sep 08, 2022
Global economic output contracted in August for the first time since June 2020, according to the la...
Clyde & Co Secures Victory In USD 70m Oil Tanker Disappearance Claim
Categories: News Flash
Date: Sep 08, 2022
Global law firm Clyde & Co has successfully represented Al Buhaira National Insurance Company (...
Hyundai Shipbuilding Group Works With Hyundai Glovis To Develop World’s Largest LCO2 Carrier
Categories: News Flash
Date: Sep 08, 2022
South Korea’s Hyundai shipbuilding group partnered with Hyundai Glovis to develop the world’s l...
Transshipment Trial: Indian Ship Of Goods Arrives At Ctg Port
Categories: News Flash
Date: Sep 08, 2022
The Indian vessel, MV Trans Samudera, reached Chattogram port on Tuesday evening with 120 container...
Global Scramble For LNG Tankers Likely To Boost Gas Prices Further
Categories: News Flash
Date: Sep 08, 2022
A lack of adequate natural-gas tankers due to surging demand for the fuel particularly from Europe ...
Baltic Sea Freight Index Firms On Panamax Strength
Categories: News Flash
Date: Sep 08, 2022
The Baltic Exchange’s main sea freight index firmed on Wednesday as a jump in rates for the panam...
New Trade Routes To India’s NE States Through Bangladesh Underway
Categories: News Flash
Date: Sep 08, 2022
India is exploring new routes of cargo shipment to its North-Eastern States using Bangladesh’s po...
Ukraine Sailor Permits Seen Crucial For Grain Exports, Global Shipping
Categories: News Flash
Date: Sep 08, 2022
Ukraine’s decision to allow its seafarers to leave the country despite wartime restrictions will ...
EU Watchdog Calls For Better Shipping Conditions For Live Animal Exports
Categories: News Flash
Date: Sep 08, 2022
The European Union’s food watchdog called for better shipping conditions for live animals such as...
Two-Tier Market Emerges As Container Spot And Contract Rates Diverge
Categories: News Flash
Date: Sep 08, 2022
A two-tier market within the container shipping sector is opening up as spot rates in key trades co...
Singapore To Trial Integrated Construction Park At Jurong Port, Housing Key Supply Chain Facilities
Categories: News Flash
Date: Sep 07, 2022
Singapore’s first integrated construction park, located at Jurong Port, will be operational from ...
Damen Shipyards Announces All-New Cutter Suction Dredger Range
Categories: News Flash
Date: Sep 07, 2022
First introduced in 2004, more than 250 of the current range have been sold to customers around the...
DNV Urges Cross-Industry Collaboration To Help Overcome “Ultimate Hurdle” Of Fuel Availability
Categories: News Flash
Date: Sep 07, 2022
A key component of DNV’s Energy Transition Outlook (ETO) suite of reports, the 84-page forecast i...
Working On Road Map To Advanced Economy, Says FM Nirmala Sitharaman
Categories: News Flash
Date: Sep 07, 2022
Finance Minister Nirmala Sitharaman said on Monday that while the necessary stimulus for growth wou...
KR, HHI And Liberian Registry Joint Autonomous Navigation System
Categories: News Flash
Date: Sep 07, 2022
A partnership led by South Korea’s Hyundai Heavy Industries (HHI) aims to commercialise a second-...
Shipping Can No Longer Remain On The Sidelines, Says ICS
Categories: News Flash
Date: Sep 07, 2022
The shipping industry must co-operate with other sectors to influence decisions that will fundament...
South Korea Halts Ship Refueling At Key Ports As Typhoon Hinnamor Hits
Categories: News Flash
Date: Sep 07, 2022
Ship refuelling operations were temporarily halted at South Korea’s Busan and Ulsan ports on Tues...
Saudi Arabia’s Dammam Port Sets New Record Of Handling Containers In August
Categories: News Flash
Date: Sep 07, 2022
Saudi Arabia’s King Abdulaziz Port in Dammam sets a new record by handling 199,609 TEUs (twenty-f...
Tankers Could Profit If US Restricts Gasoline And Diesel Exports
Categories: News Flash
Date: Sep 07, 2022
America’s refiners are producing near-record volumes of gasoline and diesel and selling historica...
Baltic Sea Freight Index Falls On Lower Capesize Rates
Categories: News Flash
Date: Sep 07, 2022
The Baltic Exchange’s main sea freight index snapped a three-session long streak of gains on Tues...
Daewoo Shipyard Applies New Technologies To Deliver Eco-Friendly Shuttle Tankers In Time
Categories: News Flash
Date: Sep 06, 2022
Daewoo Shipbuilding & Marine Engineering has delivered two eco-friendly shuttle tankers to its ...
Europe Heading For Recession As Cost Of Living Crisis Deepens
Categories: News Flash
Date: Sep 06, 2022
The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening ...
VOC Port Inks Concession For New 600,000 TEU Container Terminal In India
Categories: News Flash
Date: Sep 06, 2022
The V.O. Chidambaranar (VOC) Port Authority has signed a concession agreement with Tuticorin Intern...
LRQA Certifies Industry-Leading GMS Ship Recycling Monitoring Programme
Categories: News Flash
Date: Sep 06, 2022
GMS’s Sustainable Ship & Offshore Recycling Programme (SSORP) has become the first and only C...
Ocean Shipping Rates Have Plunged 60% This Year
Categories: News Flash
Date: Sep 06, 2022
Freight rates on the main ocean trade routes are sinking during what is typically the industry’s ...
Baltic Index Extends Gains On Higher Rates For Larger Vessels
Categories: News Flash
Date: Sep 06, 2022
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
DNV And DSME Join Hands To Develop Wind-Assisted Propulsion System
Categories: News Flash
Date: Sep 06, 2022
Daewoo Shipbuilding & Marine Engineering (DSME) and DNV have signed a memorandum of understandi...