News Flash
Japan’s First: MOL Concludes Global Commitment Line Agreement through Transition Linked Loan- Expanding Financing Base and Promoting Environmental Strategies
Categories: News Flash
Date: Dec 29, 2022
Mitsui O.S.K. Lines, Ltd. announced that it concluded a commitment line agreement through a transit...
380-cst HSFO dips on selling interest; Fujairah stocks extend slide
Categories: News Flash
Date: Dec 29, 2022
Singapore’s 380-cst high sulphur fuel oil (HSFO) market softened on Wednesday as selling interest...
Container shipping’s ‘big unwind’: Spot rates near pre-COVID levels
Categories: News Flash
Date: Dec 29, 2022
The billion-dollar question for container shipping markets at the beginning of 2022 was: “Party o...
Faster inventory replenishment cycles expected in 2023; depot space to remain tight and operational costs to remain elevated
Categories: News Flash
Date: Dec 29, 2022
The holiday season, now at its peak, is going to trigger an early burn-out of inventories in the US...
Macroeconomic, China real estate woes may pressure dry bulk market
Categories: News Flash
Date: Dec 29, 2022
Bleak global macroeconomic indicators, coupled with uncertainty in the Chinese real estate sector, ...
Newbuilding Activity Rather Firm Despite Holiday Season
Categories: News Flash
Date: Dec 29, 2022
The newbuilding market has seen its fair share of activity, despite the Holiday season. In its late...
Vitality under COVID-19: China’s smart ports aid increased throughput
Categories: News Flash
Date: Dec 28, 2022
China’s Qingdao Port, a subsidiary of Shandong Port Group and the second-largest foreign trade po...
Retailers Pull Back From Using Chartered Cargo Ships
Categories: News Flash
Date: Dec 28, 2022
Retailers are moving away from using chartered ships to get around pandemic-triggered disruptions n...
Oman inks deal for two new LNG carriers worth over $500mln
Categories: News Flash
Date: Dec 28, 2022
Asyad Shipping – part of Asyad Group, the Sultanate of Oman’s global integrated logistics servi...
S. Korea foresees recession in falling freight prices, wages
Categories: News Flash
Date: Dec 28, 2022
Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourt...
Rates to stay flat for Ukraine grain cargo insurance
Categories: News Flash
Date: Dec 28, 2022
A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will...
Russian sanctions, demand uncertainty create conflicting crude tanker environment
Categories: News Flash
Date: Dec 28, 2022
The Americas dirty tanker markets will continue to face a bullish yet uncertain 2023 as increased t...
Indian Register Of Shipping Completes Prototype Testing Of Indigenously Manufactured ISO Containers
Categories: News Flash
Date: Dec 28, 2022
Indian Register of Shipping (IRS), the leading international ship classification society, has compl...
UP to develop dry ports, freight container stations to boost exports
Categories: News Flash
Date: Dec 28, 2022
Land-locked Uttar Pradesh, which is aiming to become a trillion-dollar economy by 2027, will develo...
New service links Hamad Port with other major ports
Categories: News Flash
Date: Dec 28, 2022
QTerminals has announced the commencement of India to East MED (Mediterranean) service, which conne...
Import storage costs settlement process for port of Gwangyang
Categories: News Flash
Date: Dec 28, 2022
We would like hereby to announce the important change in storage costs settlement process applicabl...
Product Tanker Sinks in Bangladesh's Meghna River, Spilling Fuel
Categories: News Flash
Date: Dec 27, 2022
A tanker full of diesel has gone down in Bangladesh's Meghna river after colliding with another ves...
COSCO Adds More Green Energy to Power Port of Tianjin
Categories: News Flash
Date: Dec 27, 2022
COSCO Shipping completed the second phase of its project to create a green energy hub that the Port...
Restart of Freeport LNG Delayed for Fourth Time Now to January 2023
Categories: News Flash
Date: Dec 27, 2022
Freeport LNG announced that while reconstruction of the damaged LNG plant and export operation on t...
New Analysis Counts the Cost of Maritime Chokepoint Closures
Categories: News Flash
Date: Dec 27, 2022
The world’s 11 busiest maritime chokepoints are increasingly becoming vulnerable and prone to the...
Protesters Call for Chinese Nationals to Leave China's Gwadar Port
Categories: News Flash
Date: Dec 27, 2022
Protests on the expansion of the Pakistan’s Gwadar Port, a key asset for China’s BRI( Belt and ...
Eni Orders Second FLNG From Wison in Push to Maximize Production
Categories: News Flash
Date: Dec 27, 2022
Italian oil company Eni has reached an agreement with Chinese oil and gas plant specialists Wison H...
Hyundai Completes Verification for LNG/Hydrogen Hybrid Engine
Categories: News Flash
Date: Dec 27, 2022
Hyundai Heavy Industries Group has developed and successfully tested Korea's first LNG/hydrogen mix...
USCG Responds to Possible Carbon Monoxide Exposure on Cargo Ship
Categories: News Flash
Date: Dec 27, 2022
The U.S. Coast Guard and a local Delaware fire department are reporting that they were called out o...
European Investment Bank Sees Massive Green H2 Potential in Africa
Categories: News Flash
Date: Dec 27, 2022
The European Investment Bank (EIB) has called on Africa to harness its massive solar energy resourc...
USCG Receives Authorization for New Great Lakes Heavy Icebreaker
Categories: News Flash
Date: Dec 27, 2022
Contained within the massive new National Defense Authorization Act for Fiscal Year 2023 is the sta...
Head of Russia's Admiralty Shipyards Dies Suddenly
Categories: News Flash
Date: Dec 26, 2022
Russia’s Admiralty Shipyards has announced the “sudden” death of its director general, Alexan...
Nordic Shipholding Plans to Liquidate in 2023
Categories: News Flash
Date: Dec 26, 2022
After failing to secure a merger partner and facing deepening losses, Danish shipping company Nordi...
Livestock Carrier Ordered Auctioned as Owner Abandons Ship and Crew
Categories: News Flash
Date: Dec 26, 2022
The Australian Federal Court is preparing to auction off the livestock carrier Yangtze Fortune...
IMO-ILO Call for New Protocols to Address Rise in Abandoned Seafarers
Categories: News Flash
Date: Dec 26, 2022
Faced with a dramatic rise of crewmembers being abandoned over the past few years, the Internationa...
Russia Invests in Volga-Don Canal as Trade With Iran Booms
Categories: News Flash
Date: Dec 26, 2022
Russia and Iran are working on an infrastructure expansion program that would vastly increase their...
MSC Containership Held Offshore After Belgium Receives Bomb Threat
Categories: News Flash
Date: Dec 26, 2022
An MSC containership is being held offshore while the Belgian authorities investigate a bomb threat...