News Flash
Hijacked tanker found, Gulf of Guinea
Categories: News Flash
Date: Apr 17, 2023
Apr 16 UPDATE:Tanker was located on Apr 14 or 15, reportedly 65 nm SE of Abijan, Ivory Coast, and w...
Dredger lost suction pipe in Calais
Categories: News Flash
Date: Apr 17, 2023
Hopper dredger COSTA ATLANTICA reportedly struck and destroyed three pilings at Calais port, Fran...
BP starts oil production at Argos platform in Gulf of Mexico
Categories: News Flash
Date: Apr 17, 2023
BP has started oil production at its Argos offshore platform, the company’s fifth platform in the...
LNG orderbook now stands at record 50% of the extant fleet
Categories: News Flash
Date: Apr 17, 2023
The global orderbook currently stands equivalent to a “moderate” 10% of fleet capacity, though ...
Kamarajar port Ennore to get direct shipping service to Australia
Categories: News Flash
Date: Apr 17, 2023
The liner service MSC has announced the enhancement of its Australia Express Service (AEX) with a d...
Why India needs to gear up for China Challenge in Eastern Indian Ocean
Categories: News Flash
Date: Apr 17, 2023
The Eastern Indian Ocean (EIO) is witnessing the increasing military presence of China. Two recent ...
Govt may invite bids from four companies for strategic disinvestment of SCI
Categories: News Flash
Date: Apr 15, 2023
Vedanta Resources, Safe Sea Services, JM Baxi and Megha Engineering are among firms ...
Starlink making waves in maritime – fast growing interest from major shipping companies
Categories: News Flash
Date: Apr 15, 2023
Elon Musk’s Starlink satellite communications service is attracting a growing list leading n...
First direct mainline container vessel “mv Hong An” calls at New Mangalore Port
Categories: News Flash
Date: Apr 15, 2023
The first direct mainline vessel “mv Hong An” called at the New Mangalore Port on Thu...
Port Hedland Iron Ore Hub Avoids the Worst of Cyclone IIsa
Categories: News Flash
Date: Apr 15, 2023
A tropical cyclone smashed into Australia’s northwest coast as a category 5 storm, setting new wi...
US Retail Sales ‘Moderated’ in March But ‘Positive Growth’ Expected in 2023
Categories: News Flash
Date: Apr 15, 2023
Retail sales in the United States slowed down in March, but still saw a growth compared to the same...
Salvage Operation Begins to Recover Stricken Fishing Vessel South of Cape Town
Categories: News Flash
Date: Apr 15, 2023
A frantic rescue operation was launched early on Friday morning to save 26 fishermen after their fi...
Maersk’s First Green Methanol-Powered Containership Launched
Categories: News Flash
Date: Apr 15, 2023
Danish shipping giant Maersk is celebrating the launch of the world’s first green methanol-powere...
Onyx Power to Build 1200 MW Blue Hydrogen Production Plant in Port of Rotterdam
Categories: News Flash
Date: Apr 15, 2023
The Port of ROTTERDAM has announced that Onyx Power, a German energy provider, plans to c...
Cash buyers making fortunes flipping vintage tankers
Categories: News Flash
Date: Apr 15, 2023
The extraordinary sums paid for vintage tanker tonnage in the wake of Russia’s war with Ukraine i...
Boxship and gas carrier orders smash more records
Categories: News Flash
Date: Apr 15, 2023
LNG carrier and containership ordering continue to create incredible records. The two ship types ha...
Shipping rates show signs of recovery ahead of trans-Pacific contract renewal
Categories: News Flash
Date: Apr 14, 2023
International shipping freight rates, which had fallen below break-even levels, have recently shown...
Mixed signals: Container shipping downturn not following the script
Categories: News Flash
Date: Apr 14, 2023
Spot container freight indexes are still falling. Cargo shippers are signing annual contracts at sh...
Atlantic Supramax market looks to higher rates in Q2
Categories: News Flash
Date: Apr 14, 2023
Participants in the Atlantic Supramax dry bulk freight market said they expect rate spikes on all r...
Record high container order book of 7.54 million TEU signals significant change
Categories: News Flash
Date: Apr 14, 2023
“Despite the collapse in freight rates, shipowners still have an appetite for new container ship ...
Baltic index steady as capesize bounce offsets dip in smaller vessels
Categories: News Flash
Date: Apr 14, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
India Working On Plan To Encourage Construction Of Inland Vessels To Develop Blue Economy
Categories: News Flash
Date: Apr 14, 2023
The Union Shipping Ministry has plans to boost inland vessel and ship construction, aiming at self-...
Indian exports up 6% in year to end-March, Russian imports surge
Categories: News Flash
Date: Apr 14, 2023
India’s exports of merchandise and services rose by 6% in the fiscal year to March 31, Indian gov...
Germany to review China stake in Hamburg port terminal
Categories: News Flash
Date: Apr 14, 2023
Germany is reviewing its decision to allow China’s Cosco to take a stake in one of logistics comp...
Bangladesh deep-sea port ‘Matarbari’ promises strategic anchor for Japan, India
Categories: News Flash
Date: Apr 14, 2023
A deep-sea port under construction in southern Bangladesh is shapingup to be a strategic linchpin f...
SAFEEN POWER on her maiden call at Kandla
Categories: News Flash
Date: Apr 14, 2023
Safeen Power with her capacity of 3500 TEUs is the largest UAEINDIA GULF (UIG) service vessel to ca...
No ships inspected on Tuesday under Ukraine Black Sea grain deal, UN says
Categories: News Flash
Date: Apr 13, 2023
No ships were inspected on Tuesday under the Ukraine Black Sea grain deal “as the parties needed ...
Klaveness Combination Carriers signs on as the latest Sustainable Shipping Initiative member
Categories: News Flash
Date: Apr 13, 2023
Klaveness Combination Carriers (KCC) announces today that it has become the latest shipowner to joi...
HSFO eases, but steady feedstock demand limits declines
Categories: News Flash
Date: Apr 13, 2023
Asia’s high sulphur fuel oil (HSFO) market eased on Wednesday, though expectations of steady feed...
KNUD E HANSEN Announces Development of CO2 Tanker
Categories: News Flash
Date: Apr 13, 2023
According to the Paris Agreement CO2 emissions shall be reduced as to limit the global warming to w...
Baltic index falls on lower vessel demand
Categories: News Flash
Date: Apr 13, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Cyclone in Western Australia weighs on Capesize freight rates; threatens cargo loadings
Categories: News Flash
Date: Apr 13, 2023
The intensification of Tropical Cyclone Ilsa into a Category 4 storm off the coast of Western Austr...