News Flash
The Hood Unveils Key Predictions for 2025
Categories: News Flash
Date: Jan 08, 2025
will fuel the collective stress and anxiety many will feel. “The maritime industry is at a crit...
Navigator Gas Announces Completion of Morgan’s Point Ethylene Export Terminal Expansion and Acquisition of Three Handysize Liquefied Ethylene Gas Carriers
Categories: News Flash
Date: Jan 08, 2025
Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefie...
Asia Fuel Oil: Spot differentials slip in bearish fundamentals
Categories: News Flash
Date: Jan 08, 2025
Spot differentials for fuel oil fell on Tuesday, weighed by plentiful supplies and slow demand, trad...
Evolving trade routes dampen demand for ultra large containers
Categories: News Flash
Date: Jan 08, 2025
According to industry data, the demand for Ultra Large Container Vessels (ULCVs) has decreased as sh...
China’s 2025 iron ore imports set to hit new high even as steel demand dwindles
Categories: News Flash
Date: Jan 08, 2025
China’s iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for t...
US adds shipping major COSCO to list of companies working with China’s military
Categories: News Flash
Date: Jan 08, 2025
The US government has labeled shipping company COSCO, technology giant Tencent and battery manufactu...
Baltic index extends losses on lower capesize, supramax rates
Categories: News Flash
Date: Jan 08, 2025
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk c...
ITD Cementation set to win Vadhvan Port EPC contract
Categories: News Flash
Date: Jan 07, 2025
ITD Cementation India Ltd, a unit of Adani Group, is set to win a contract to undertake nearshore ...
Maersk asks customers to remove cargo before strike at US ports
Categories: News Flash
Date: Jan 07, 2025
Shipping giant AP Moller-Maersk has urged customers to pick up their laden containers and return the...
HC orders release of Singaporean cargo ship from Paradip Port
Categories: News Flash
Date: Jan 07, 2025
The Orissa High Court, which had earlier issued direction for ‘arrest’ of MV Propel Fortune vess...
Shanghai port starts methanol bunkering operation in 2025
Categories: News Flash
Date: Jan 07, 2025
On the 1st of January, 2025, ship Haigang Zhiyuan completed a 3000-ton methanol bunkering operation ...
Singapore port sets new record with over 40M TEUs in 2024
Categories: News Flash
Date: Jan 07, 2025
PSA Singapore (PSA) has set a new record, handling over 40 million TEUs in 2024, surpassing PSA’s ...
Colombo dockyard completes damage repair to container vessel Lobivia
Categories: News Flash
Date: Jan 07, 2025
Colombo Dockyard recently repaired the Singapore-flagged container vessel Lobivia, which had sustai...
Construction on Marina development will begin in Port City
Categories: News Flash
Date: Jan 07, 2025
Construction will begin on the Port City in Colombo’s Marina development, which is expected to be ...
Shipping Ministry proposes cruise terminal at Great Nicobar Island
Categories: News Flash
Date: Jan 07, 2025
An international cruise terminal to facilitate a global port-led city, high-end tourism infrastructu...
Opening of new CMA terminal in Khalifa Port marks end of expansionist year for AD Ports
Categories: News Flash
Date: Jan 07, 2025
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman o...
VOC Port achieves milestone in windmill blade handling
Categories: News Flash
Date: Jan 07, 2025
VO Chidambaranar Port Authority handled 1,869 windmill blades up to Dec 2024 during the financial ye...
Looking at resuming crude oil supply to India, expanding trade basket: Iran
Categories: News Flash
Date: Jan 06, 2025
Iran is looking at ways to resume supplying crude oil to India and is keen on expanding the overall ...
Global LNG Growth, the Energy Transition and Regulatory Changes in Focus at the ABS Maritime Committee Qatar
Categories: News Flash
Date: Jan 06, 2025
Strong global growth of LNG and in the orders for vessels needed to carry it, as well as key regulat...
HD Hyundai exports HiMSEN engines to 60 countries, dominating global market
Categories: News Flash
Date: Jan 06, 2025
As the incoming U.S. President Donald Trump’s announcement of a tariff bomb looms mid-month, the s...
Bangladesh: Scrap ship imports drop to two-decade low in 2024 for pandemic, war setbacks
Categories: News Flash
Date: Jan 06, 2025
Bangladesh’s shipbreaking industry imported only 144 scrap ships last year, totalling 9.68 lakh Gr...
Kwon Oh-gap urges South Korea’s shipbuilders to counter China and pursue U.S. ties
Categories: News Flash
Date: Jan 06, 2025
Kwon Oh-gap, chairman of HD Hyundai, said that in the Year of the Serpent, the group should respond ...
USG Supramax shipowners struggling to maintain higher freight rates
Categories: News Flash
Date: Jan 06, 2025
The USG Supramax freight market started the month with negative corrections. The market picture look...
How wind tech could help decarbonize cargo shipping
Categories: News Flash
Date: Jan 06, 2025
Inhabitants of the Marshall Islands—a chain of coral atolls in the center of the Pacific Ocean—r...
Maximising Fuel Efficiency Across Different Sailing Phases
Categories: News Flash
Date: Jan 06, 2025
Understanding varying fuel consumption patterns Different sailing phases – open sea, coastal tran...
Trade tales of the US: Impact of the new presidency on dry bulk commodities
Categories: News Flash
Date: Jan 06, 2025
Drewry expects volatility in trade to rise, impacting coal and grain trades when Donald Trump takes ...
SHIPPING: Asia-US container rates surge as port strike deadline looms; tanker rates flat to softer
Categories: News Flash
Date: Jan 06, 2025
Rates for shipping containers from Asia to the US surged this week as the deadline to avoid a strike...
Singapore iron ore falls below $100/T as China pre-holiday restocking nears end
Categories: News Flash
Date: Jan 04, 2025
Singapore iron ore futures fell below the $100-per-metric-ton key psychological level on Friday as s...
Finnish police detain Russian ‘ghost fleet’ ship crew as cable damage probe continues
Categories: News Flash
Date: Jan 04, 2025
The Eagle S is suspected of damaging the Estlink-2 power cable which runs under the Baltic Sea betwe...
Growth Likely on the Horizon for America’s Shipyards in 2nd Trump Administration
Categories: News Flash
Date: Jan 04, 2025
As the United States nears its 250-year celebration, what is old may be new again in the shipyard sp...
U.S. LNG exports soar in December, lifting full-year growth by 4.5%
Categories: News Flash
Date: Jan 04, 2025
U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as...
Fuel Oil Benchmarks ease; discussions largely rangebound
Categories: News Flash
Date: Jan 04, 2025
Spot benchmarks for fuel oil ended the week on a steady to softer note, while bids and offers were m...