News Flash
Asia freight rates seen firmer in Q4 despite OPEC+ output cut
Categories: News Flash
Date: Oct 11, 2022
Dirty and clean tanker freight rates are expected to be firm in the October-December quarter amid h...
Worldwide industrial price pressures rise as higher energy costs and strong dollar offset impact of cooling supply chains
Categories: News Flash
Date: Oct 11, 2022
The global manufacturing PMI survey found average input costs rising at an increased rate for the f...
Indian exporters keeping fingers crossed as recession clouds loom over EU
Categories: News Flash
Date: Oct 11, 2022
Exporters are keeping their fingers crossed due to “visible” recessionary trends in the Europea...
New shipping service connects Gulf-India
Categories: News Flash
Date: Oct 11, 2022
A circular service connecting Hamad Port with India, Gulf–India Express 2 (GIX2), has started ope...
Suez Canal revenues hit $2.1bn in Q3, highest quarter in history: Egypt Cabinet
Categories: News Flash
Date: Oct 11, 2022
Suez Canal revenues increased in the third quarter of this year by 23.5 percent year-on-year to hit...
Paperless Electronic Trading Systems: Update to TradeLens Terms and Conditions
Categories: News Flash
Date: Oct 11, 2022
Version dated 24 February 2021 – Previously Approved The International Group had previously appro...
Privatization of HMM depends on market, industry situations: ocean minister
Categories: News Flash
Date: Oct 11, 2022
The possible privatization of HMM Co. will depend on the stock market and situations in the shippin...
China’s cargo rates fall to ‘reasonable level,’ buoying export business
Categories: News Flash
Date: Oct 11, 2022
Sea freight rates in China have returned to a reasonable level after reaching record highs last yea...
New analysis of shipping emissions reveals that air pollution has a larger effect on climate than previously thought
Categories: News Flash
Date: Oct 11, 2022
Human aerosol emissions have a cooling effect on the planet, because they can make clouds brighter ...
Asia-US container rates continue to fall, nearing pre-pandemic levels as imports slow
Categories: News Flash
Date: Oct 11, 2022
Rates for shipping containers from east Asia and China to the US continued to fall this week and ar...
Tankers: VLCC Market Lower This Week
Categories: News Flash
Date: Oct 11, 2022
Clean In the Middle East Gulf this week most LR runs have seen more declines from inactivity. TC...
Shipping industry flays crew change ban during monsoon at Paradip Port
Categories: News Flash
Date: Oct 11, 2022
The shipping industry is up in arms over restrictions placed by Paradip Port Authority on crew ch...
Indian transit container gets stuck at Chattogram port for 24 days
Categories: News Flash
Date: Oct 11, 2022
An Indian transit container, carrying eight tonnes of tea, has got stuck at Chattogram port for the...
New interim Chief Executive of Maritime and Coastguard Agency announced
Categories: News Flash
Date: Oct 11, 2022
Damien Oliver has been appointed as the interim Chief Executive of the Maritime and Coastguard Agen...
US Ports and Terminals Sustain Increased Cybersecurity Attacks
Categories: News Flash
Date: Oct 11, 2022
Jones Walker LLP, this week, publicly released the findings of its 2022 Ports and Terminals Cyberse...
A delegation from Cavotec, a company specialising in clean technologies, visits the Port of Valencia
Categories: News Flash
Date: Oct 11, 2022
A delegation from Cavotec, a leading company in the application of clean technologies applicable to...
CMA CGM to launch MOROCCO SHUTTLE, a new Butterfly service linking Morocco, France & Spain
Categories: News Flash
Date: Oct 11, 2022
As there are always BETTER WAYS to address a market, CMA CGM – Short Sea Lines Division is please...
MOL Finances Second Ship through Transition Linked Loans- ESG Financing for Bulk Carrier SHOFU MARU, Featuring Wind Challenger Sail System
Categories: News Flash
Date: Oct 11, 2022
Mitsui O.S.K. Lines, Ltd. announced that it signed a deal for financing, through a transition linke...
Cyprus Shipping Deputy Ministry Establishes New Maritime Entity To Simplify Operations For Shipowners
Categories: News Flash
Date: Oct 11, 2022
The Cyprus Shipping Deputy Ministry (SDM) has enacted the “Shipping Limited Liability Company (S....
NEDO Demonstration Project: Demonstration Test Ship for Liquefied CO2 Transportation has broken ground
Categories: News Flash
Date: Oct 11, 2022
A groundbreaking ceremony for the hull of the demonstration test ship for liquefied CO2 transportat...
Current Geopolitical tensions To Shape the Tanker Market for Years to Come
Categories: News Flash
Date: Oct 11, 2022
The tanker market is about to enter a new era of increased volatility to go hand-in-hand with the c...
Indian Register of Shipping (IRS) awarded noise & amp; vibration measurement and analysis work by Colombo Dockyard PLC
Categories: News Flash
Date: Oct 11, 2022
Indian Register of Shipping (IRS) has been providing services towards noise and vibration measureme...
Drewry: World Container Index Down 8% This Week
Categories: News Flash
Date: Oct 11, 2022
Drewry’s composite World Container Index decreased by 8% to $3,688.75 per 40ft container this wee...
Greece: 21 dead, dozens missing, after two migrant ships sink
Categories: News Flash
Date: Oct 11, 2022
Bodies floated amid splintered wreckage in the wind-tossed waters off a Greek island Thursday as th...
Direct routes from Ctg to major ports halve shipment time and cost
Categories: News Flash
Date: Oct 11, 2022
In April 2021, over 25,000 imported containers were stuck at transshipment ports in Sri Lanka, Sing...
Indonesians stuck on vessel in Kaohsiung set to be relieved: Port authority
Categories: News Flash
Date: Oct 11, 2022
The Maritime and Port Bureau has agreed to the entry of nine Burmese sailors to relieve eight Indon...
Freight rates drop 50% as global trade slows
Categories: News Flash
Date: Oct 11, 2022
Bangladesh’s ocean freight charges have registered a 50% fall from the pandemic-led massive surge...
ÈTA Shipping signs contract with Lloyd’s Register for plan approval
Categories: News Flash
Date: Oct 11, 2022
On Monday, October 3rd, 2022, ÈTA Shipping rewarded Lloyd’s Register Rotterdam with the plan app...
IMO Low Carbon Global Industry Initiative celebrates milestone
Categories: News Flash
Date: Oct 11, 2022
The IMO-Norway GreenVoyage2050 has celebrated five years of its Global Industry Alliance to Support...
Rolls Royce : “Green methanol” will power innovative MTU Marine Engines
Categories: News Flash
Date: Oct 11, 2022
Green methanol has the potential to shape the energy transition. Often referred to as e-methanol an...
TotalEnergies to offer biofuels for ships in Singapore from next year
Categories: News Flash
Date: Oct 11, 2022
TotalEnergies will start offering biofuels as a bunkering fuel to its customers in Singapore from n...
China’s commodity shipping demand to improve from Q4 – execs
Categories: News Flash
Date: Oct 11, 2022
China’s demand for commodity shipments is expected to improve in the fourth quarter as investment...