News Flash
MPC Container Ships executes further portfolio optimization measures
Categories: News Flash
Date: Dec 14, 2022
MPC Container Ships ASA is pleased to announce new measures for portfolio optimization and capital ...
Hapag-Lloyd CEO sees bounce in shipping demand as short-lived
Categories: News Flash
Date: Dec 14, 2022
Germany’s Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent m...
Cargo Solutions doubles its operations in its second year
Categories: News Flash
Date: Dec 14, 2022
Following the new framework established by the Union Customs Code (UCC) in January 2021 Hutchison P...
Turkey reaches deal over new crude tanker insurance regulations
Categories: News Flash
Date: Dec 14, 2022
Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation ...
Baltic index hits one-week low as larger vessel rates slide
Categories: News Flash
Date: Dec 14, 2022
The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday to its lowest level in a week...
Margin pressure looms for container terminal operators
Categories: News Flash
Date: Dec 14, 2022
Despite the challenges of Covid-19 and port congestion, container terminal operators were successfu...
Ship Recycling: Small Container Ships Sold for Scrap
Categories: News Flash
Date: Dec 14, 2022
The ship recycling market has had a positive week after a long time, thanks to a renewed supply of ...
The UAE President inaugurates Khalifa Port expansion
Categories: News Flash
Date: Dec 14, 2022
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, inaugurated Khalifa Port’s...
Maritime protection strengthened through alliance
Categories: News Flash
Date: Dec 13, 2022
Courts have stepped up efforts to safeguard national marine rights and interests, protect the marin...
NYK Holds Training Program for Nominated Staff from around the World
Categories: News Flash
Date: Dec 13, 2022
From 5th to 9th December, NYK held “Global NYK Group Week 2022,” a training program for nominat...
UN adopts global convention on the sale of ships by courts
Categories: News Flash
Date: Dec 13, 2022
The United Nations General Assembly adopted the United Nations Convention on the International Effe...
Baltic Index Sees Worst Day In Three Weeks On Capesize Drop
Categories: News Flash
Date: Dec 13, 2022
The Baltic Exchange’s dry bulk sea freight index fell on Monday to mark its worst day in almost t...
Saudi’s Mawani announces new shipping service to boost India trade
Categories: News Flash
Date: Dec 13, 2022
The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port in Dammam to t...
Product Tankers: Middle East and US to the EU Will be a Dominant Trade Route Moving Forward
Categories: News Flash
Date: Dec 13, 2022
The product tanker market is expected to benefit significantly from the sanctions imposed on Russia...
2023 Seaborne Coal Imports Could Add Pressure on the Dry Bulk Market
Categories: News Flash
Date: Dec 13, 2022
Demand for seaborne coal cargoes could take a hit during 2023, exerting pressure on the dry bulk ma...
California Long Ruled U.S. Shipping. Importers Are Drifting East
Categories: News Flash
Date: Dec 13, 2022
Sharpie maker Newell Brands Inc. is opening distribution centers in Pennsylvania and North Carolina...
MOL Selected for Inclusion in ‘Dow Jones Sustainability Asia/Pacific Index’- Reflects High Regard for Company’s ESG Initiatives
Categories: News Flash
Date: Dec 13, 2022
Mitsui O.S.K. Lines, Ltd. announced that it has been selected for inclusion in the ‘Dow Jones Sus...
Mitsui OSK Lines implements Marlink smart hybrid connectivity including Starlink LEO services
Categories: News Flash
Date: Dec 13, 2022
Marlink, the smart network solutions company, will deploy its hybrid connectivity solutions on sele...
Ukraine port of Odesa not operating after Russian drone attack on energy facilities
Categories: News Flash
Date: Dec 12, 2022
The Ukrainian port of Odesa was not operating on Sunday after the latest Russian attack on the regi...
China’s surprise COVID pivot offers new hope to shipping markets
Categories: News Flash
Date: Dec 12, 2022
Shipping stocks swooned when Chinese protesters took to the streets. But the civil unrest is turnin...
North America container import rates plummet from record highs amid peak season flop
Categories: News Flash
Date: Dec 12, 2022
Container shipping rates for North American imports have plummeted since the start of the year, wit...
China slowdown sounds alarm bells for dry bulk market
Categories: News Flash
Date: Dec 12, 2022
Stormy seas lie ahead for the dry bulk market as the shipping industry comes to terms with the new ...
UN shipping agency inches towards 2030 emission reduction goal
Categories: News Flash
Date: Dec 12, 2022
This week’s round of technical talks at the UN’s maritime regulator showed countries are prepar...
Dry Bulk Market: Capesizes Rise Again
Categories: News Flash
Date: Dec 12, 2022
Capesize The Capesize market was positive over the week, rising in excess of $1,200 to close at ...
Product Tankers: Middle East and US to the EU Will be a Dominant Trade Route Moving Forward
Categories: News Flash
Date: Dec 12, 2022
The product tanker market is expected to benefit significantly from the sanctions imposed on Russia...
India Nov thermal coal imports at 10 month-low as local output soars
Categories: News Flash
Date: Dec 12, 2022
India’s thermal coal imports fell to the lowest levels in 10 months during November, data from co...
S. Korea: More LNG Carrier Orders Anticipated Next Year
Categories: News Flash
Date: Dec 12, 2022
Mozambique is resuming its LNG development project and contracts of Hyundai Samho Heavy Industries ...
G7 Russian oil price cap evolves from revenue squeeze to market anchor
Categories: News Flash
Date: Dec 12, 2022
When U.S. officials first floated the idea of capping Russian oil export prices in response to a pl...
Shipowner Decarbonisation Survey Identifies ‘Collaboration Crisis’
Categories: News Flash
Date: Dec 09, 2022
A survey of shipowners conducted by design and engineering consultancy, Houlder, has highlighted th...
Turkey says will hold tankers for checks despite queue to pass Bosphorus
Categories: News Flash
Date: Dec 09, 2022
Turkey’s maritime authority said on Thursday it would continue to block oil tankers without appro...
Dry bulk market seen set to remain invested in traditional bunker fuels for next 5 years
Categories: News Flash
Date: Dec 09, 2022
Despite the push for decarbonization and alternative carbon-neutral fuels in the maritime sector, o...
Spot rates out of Far East almost 2000 USD cheaper per FEU than long-term rates in dramatic turnaround
Categories: News Flash
Date: Dec 09, 2022
The ocean freight rates landscape in the Far East has been completely redrawn since the start of th...