News Flash
HMM Enters Acquisition Race for Hyundai LNG Shipping
Categories: News Flash
Date: May 22, 2023
HMM, a South Korean shipping giant, has joined the race to acquire Hyundai LNG Shipping, the countr...
US West Coast ports, dock workers ‘on doorstep of agreement’ – Port of LA exec
Categories: News Flash
Date: May 22, 2023
The executive director of the Port of Los Angeles thinks a tentative agreement between the Internat...
Japanese Shipping Companies Saw Orders Plunge in April but Hand-Held Orders Hit Four-year High
Categories: News Flash
Date: May 22, 2023
Due to high ship prices, orders received by Japanese shipping companies continued to decline. Howev...
COVID boom not over yet for ‘landlords’ of shipping lines
Categories: News Flash
Date: May 22, 2023
Foreign container lines were widely blamed for stratospheric freight rates during the supply chain ...
Americas clean tanker market looking to dirty up, sources say
Categories: News Flash
Date: May 22, 2023
Americas clean Medium Range tanker owners are looking to carry crude oil, dirtying up Medium Range ...
COSCO SHIPPING to Build the Second 700 TEU Electric Container Ship
Categories: News Flash
Date: May 20, 2023
On May 8, COSCO SHIPPING Heavy Industry (Yangzhou) started to build the second 700 TEU electric con...
More liner newcomers quit long-haul box lanes as rates tumble
Categories: News Flash
Date: May 20, 2023
According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker Chi...
Russia sanctions, supply security, climate commitments at play in G7 Hiroshima
Categories: News Flash
Date: May 20, 2023
G7 leaders are set to tighten enforcement of Russian sanctions while bolstering supply chains of st...
China’s Yangshan Port Tops New Container Port Performance Index
Categories: News Flash
Date: May 20, 2023
Yangshan Port in China took top position in the third edition of the global Container Port Performa...
TORM plc capital increase in connection with delivery of two vessels
Categories: News Flash
Date: May 20, 2023
With reference to Company Announcement no. 03 dated 16 March 2023 regarding the acquisition of thre...
Action plan to ensure diversity in shipping industry
Categories: News Flash
Date: May 20, 2023
Women working in the shipping must be supported, Deputy Minister of Shipping Marina Hadjimanoli sai...
Three new ships approved for Black Sea grain deal after Russia renewal
Categories: News Flash
Date: May 20, 2023
Three new ships were authorized on Thursday to take part in a deal allowing the safe Black Sea expo...
MOL and Mitsubishi Gas Chemical Sign Basic Agreement on Long-term Charter for Newbuilding Dual-fuel Methanol Carrier
Categories: News Flash
Date: May 20, 2023
Mitsui O.S.K. Lines, Ltd. Friday announced the signing of basic agreement with Mitsubishi Gas C...
LR, SDARI and MAN ES join forces on ammonia dual-fuel containership for MSC
Categories: News Flash
Date: May 20, 2023
Lloyd’s Register (LR), Mediterranean Shipping Company (MSC), Shanghai Merchant Ship Design & ...
U.S. West Coast ports regain lost volume as competitive pressure mounts
Categories: News Flash
Date: May 20, 2023
Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that ...
ADB warns China it risks wasting money on state-led growth
Categories: News Flash
Date: May 19, 2023
China needs to level the playing field between private and state owned firms, the Asian Development...
Is India the new China?
Categories: News Flash
Date: May 19, 2023
With over 1.4 billion people, India officially became the world’s most populous nation in April t...
AD Ports Group and Karachi Port Trust (KPT) Sign a Strategic MoU to Develop Advanced Port and Terminal Infrastructure in Karachi Port
Categories: News Flash
Date: May 19, 2023
A senior delegation from United Arab Emirates (UAE) visited Karachi and met with H.E. Faisal Sabzwa...
Stream Marine Group celebrates importance of diversity and equality on IMO’s International Day for Women in Maritime
Categories: News Flash
Date: May 19, 2023
Leading safety training provider Stream Marine Group (SMG) will be shining a spotlight on encouragi...
New Collaboration to Improve Leadership at Sea
Categories: News Flash
Date: May 19, 2023
The Nautical Institute is delighted to announce a new collaboration with The Seafarers’ Charity t...
Russia and Iran sign rail deal for corridor intended to rival Suez Canal
Categories: News Flash
Date: May 19, 2023
Russian President Vladimir Putin and his Iranian counterpart Ebrahim Raisi on Wednesday oversaw, vi...
Saudi Arabia crude exports edge higher in March
Categories: News Flash
Date: May 19, 2023
Saudi Arabia’s crude oil exports rose marginally in March from the previous month, data from the ...
MABUX: Bunker Prices Could Retreat Further Next Week
Categories: News Flash
Date: May 19, 2023
In Week 20, the global MABUX bunker indices declined moderately. The 380 HSFO index dropped by 1.48...
US, UK, others seek to target illicit oil shipping transfers at sea
Categories: News Flash
Date: May 19, 2023
The U.S., UK, Denmark and other countries have called for more action, including increased surveill...
Women in Maritime day: networks for gender equality
Categories: News Flash
Date: May 19, 2023
The second International Day for Women in Maritime, on 18 May 2023, seeks to highlight the importan...
MSC Aurelia Concludes Its Humanitarian Mission, Captain Given Recognition Award
Categories: News Flash
Date: May 18, 2023
After a pair of earthquakes in southeastern Turkey caused extensive destruction and left millions o...
Chinese Fishing Vessel Capsizes In Indian Ocean, 39 Missing
Categories: News Flash
Date: May 18, 2023
About 39 seamen, including five Filipinos, have been missing since their Chinese fishing vessel sub...
More liner newcomers quit long-haul box lanes as rates tumble
Categories: News Flash
Date: May 18, 2023
According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker Chi...
MSC and CMA CGM Out in Front in Box Fleet-Building Race
Categories: News Flash
Date: May 18, 2023
MSC’s phenomenal growth over the past two years has largely been driven by acquisition of second-...
BIMCO Predicts Unprecedented Surge in Ship Recycling
Categories: News Flash
Date: May 18, 2023
The global maritime industry is set to witness an extraordinary surge in ship recycling activities ...
Multinational Search for 39 Missing Crew on Capsized Chinese Longliner
Categories: News Flash
Date: May 18, 2023
A multinational search is underway in the Indian Ocean for the crew of a Chinese longliner that cap...
US supply chain woes shift and persist in 2023
Categories: News Flash
Date: May 18, 2023
The U.S. supply chain is healing from early pandemic shocks that sent shipping costs sky rocketing ...