News Flash
Sea-Intelligence: Overcapacity Could Trigger Container Price War
Categories: News Flash
Date: Dec 26, 2022
During the surge in container shipments, the carriers had every possible vessel sailing to maximize...
Russian Oil Exports Slow as Tanker Market Sorts Out Sanctions Impact
Categories: News Flash
Date: Dec 26, 2022
Russia's seaborne oil exports appear to be taking a hit as the tanker market sorts out the implicat...
Engine Room Fire Causes Evacuation of 868 Passengers from Ferry in NYC
Categories: News Flash
Date: Dec 26, 2022
An engine room fire aboard one of the newly commissioned Staten Island Ferries in New York City cau...
EU Grant for Demonstration of Hydrogen Fuel Cell on Product Tanker
Categories: News Flash
Date: Dec 26, 2022
The European Union has agreed to provide a €5 million ($5.3 million) grant to a unique project th...
India sees global economic developments complicating its outlook
Categories: News Flash
Date: Dec 24, 2022
Global economic developments are expected to complicate India’s outlook further, the finance mini...
U.S. oil imports down, exports up
Categories: News Flash
Date: Dec 24, 2022
U.S. crude oil imports decreased and exports increased during the week ending Dec. 16, the U.S. Ene...
Freeport LNG delays Texas export plant restart to second half January
Categories: News Flash
Date: Dec 24, 2022
Freeport LNG said on Friday it was again delaying the restart of its long-shut liquefied natural ga...
Sanctions could cut Russia’s Baltic oil exports by 20%
Categories: News Flash
Date: Dec 24, 2022
Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in...
Saudi maritime industry chiefs ink deal to open 1st integrated logistics park at King Abdulaziz Port
Categories: News Flash
Date: Dec 24, 2022
The Saudi Ports Authority (Mawani) and Medlog, the logistics arm of the Mediterranean Shipping Co.,...
Major fire hits Chilean port, Codelco operations unaffected
Categories: News Flash
Date: Dec 24, 2022
A major fire broke out at Chile’s Ventanas port near a refinery and smelter belonging to state-ru...
Suez Canal welcomes foreign investment, sovereignty protected
Categories: News Flash
Date: Dec 24, 2022
Egypt’s Suez Canal welcomes foreign investment but foreigners would have no control over the wate...
Fujairah attracts investment in maritime sector
Categories: News Flash
Date: Dec 24, 2022
The maritime sector of the emirate of Fujairah has witnessed progress, as it is one of the main dri...
Containers values continue to soften
Categories: News Flash
Date: Dec 24, 2022
Container values have continued to fall across all sub sectors and age categories in Q4 of 2022. Sa...
Charterers, shipowners expect tight petrochemical vessel market in H1
Categories: News Flash
Date: Dec 24, 2022
The global liquid petrochemical freight market is facing price hikes in 2023 as charterers continue...
Chinese traders see smooth port operations optimized COVID response
Categories: News Flash
Date: Dec 23, 2022
Chinese traders said they have seen improved efficiency of customs clearance and smoother logistics...
Singapore fuel oil stocks climb as weekly net imports rise
Categories: News Flash
Date: Dec 23, 2022
Residual fuel oil stocks at key trading hub Singapore climbed by 7% week-on-week to hit a six-week ...
Shell-backed consortium confirms EU grant deal for hydrogen-fueled tanker project
Categories: News Flash
Date: Dec 23, 2022
A consortium comprising Shell, TECO 2030 and some others has finalized a grant agreement with the E...
Baltic index posts worst day in five weeks on lower vessel demand
Categories: News Flash
Date: Dec 23, 2022
The Baltic Exchange’s dry bulk sea freight index fell on Thursday, marking its biggest one-day pe...
MCA: New rules to update maritime training
Categories: News Flash
Date: Dec 23, 2022
New regulations signed this month will reinforce the Government’s commitment to supporting UK sea...
India’s Coal demand likely to peak between 2030-2035
Categories: News Flash
Date: Dec 23, 2022
The demand for coal is continuing and likely to peak between 2030-2035 being an affordable source o...
Newbuilding Activity Declines as Holiday Season Approaches
Categories: News Flash
Date: Dec 23, 2022
The newbuilding ordering activity has been lower over the course of the past week, as is the case, ...
Indian buyers warm up to Mozambique thermal coal on competitive pricing
Categories: News Flash
Date: Dec 23, 2022
Indian buyers are increasingly making space for thermal coal sourced from non-traditional destinati...
Recession, rate hikes seen jamming brakes on global 2023 earnings growth
Categories: News Flash
Date: Dec 23, 2022
Corporate earnings growth is expected to slow in the year ahead in many countries as higher inflati...
Mixed signals from the US economy for 2023
Categories: News Flash
Date: Dec 23, 2022
The economic, financial, and political chaos of 2022 has exposed the limits of forecasting. Recall ...
Egypt parliament speaker defends Suez Canal authority bid for $4m private fund
Categories: News Flash
Date: Dec 22, 2022
Egypt’s parliament speaker on Tuesday defended a draft law submitted by the government seeking to...
Turkish Mediterranean Ports’ Expansion May Bring Overcapacity
Categories: News Flash
Date: Dec 22, 2022
Fitch Ratings-London-20 December 2022: Some ports in the East Mediterranean region of Turkiye will ...
MOL and GAIL to Strengthen Partnership- Sign Time Charter Contract for Newbuilding LNG Carrier and Joint Ownership of Existing LNG Carrier
Categories: News Flash
Date: Dec 22, 2022
On December 20th, Mitsui O.S.K. Lines, Ltd.(MOL) and GAIL (India) Limited (GAIL;Headquarters: New D...
Dozens of merchant ships stuck off Iran as payment snags bite
Categories: News Flash
Date: Dec 22, 2022
Dozens of merchant ships with grains and sugar are stuck outside Iranian ports after weeks of delay...
PIL makes first CA reefer delivery of fresh avocadoes to Singapore
Categories: News Flash
Date: Dec 22, 2022
Pacific International Lines (PIL) is pleased to announce that it has made its first delivery of fre...
Rajya Sabha passes Maritime Anti-Piracy Bill
Categories: News Flash
Date: Dec 22, 2022
Rajya Sabha on Wednesday passed a Bill which the government said would provide an effective legal i...
Maritime Employees Threaten Shutting Ports Over IOCs Denial To Employ Dockworkers
Categories: News Flash
Date: Dec 22, 2022
The Maritime Workers Union of Nigeria (MWUN) has reportedly called on the Federal Government to com...
India extends halt on futures trade in key farm commodities by a year
Categories: News Flash
Date: Dec 22, 2022
India’s market regulator extended the suspension of trading in derivative contracts of key farm c...