News Flash
Newbuilding Prices Are Still Elevated, But Interest Remains High in the LNG/LPG, Product Tanker and Container Segments
Categories: News Flash
Date: Mar 23, 2023
The newbuilding contracting activity has been hampered so far this year, by elevated prices. Howeve...
Six Cargo Ships Arrive At Odesa Coast Following Extension Of Grain Agreement
Categories: News Flash
Date: Mar 21, 2023
The bulk carriers Negmar Cicek, ASL Ileana, Rizabey, and SSI Pride are expected to dock at the port...
With Arctic Winter Sea Ice at Annual Low, Urgent Need to Slash Shipping Emissions
Categories: News Flash
Date: Mar 21, 2023
Responding to reports from the US National Snow and Ice Data Center (NSIDC) that Arctic sea ice has...
Langh Ship Switches To Biofuel On Its Container Vessel
Categories: News Flash
Date: Mar 21, 2023
Earlier this year, the Finnish Shipping company Langh Ship and long-term charterer Samskip began op...
Russia ties further extension of grain deal to lifting of restrictions
Categories: News Flash
Date: Mar 21, 2023
Russia said on Monday it would not agree in May to the renewal of a deal allowing for the export of...
A. P. Moller – Maersk to divest Maersk Supply Service, a leading provider of global offshore marine services and project solutions for the energy sector
Categories: News Flash
Date: Mar 21, 2023
A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent compa...
Shipping Corporation fixes March 31 as record date for demerger; stk up 4%
Categories: News Flash
Date: Mar 21, 2023
Shares of Shipping Corporation of India (SCI) moved higher by 4 per cent to Rs 134.10 on the BSE in...
Maharashtra government exploring two new deep water greenfield ports in Konkan region
Categories: News Flash
Date: Mar 21, 2023
The Maharashtra government is looking at developing two new deep water greenfield ports in the...
India says Rosneft requesting to further ties to send more coking coal
Categories: News Flash
Date: Mar 21, 2023
India’s steel secretary Nagendra Nath Sinha said on Friday Russian oil company Rosneft had sent a...
PM Hasina offers India to use Chittagong, Sylhet ports
Categories: News Flash
Date: Mar 21, 2023
Prime Minister Sheikh Hasina on Sunday stressed the need for enhancing regional connectivity for bo...
Largest Capacity Crane In Sri Lanka Unloaded At HIP
Categories: News Flash
Date: Mar 21, 2023
Last week, the largest capacity crawler crane in Sri Lanka was unloaded at Hambantota International...
AD Ports Group signs a 30-year Concession Agreement to Develop and Operate Safaga Port in Egypt
Categories: News Flash
Date: Mar 20, 2023
AD Ports Group, the leading facilitator of global trade, logistics, and industry, today announced t...
Haropa Port On Tour In India To Present Its Green Corridor And Its Opportunities For Real Estate
Categories: News Flash
Date: Mar 20, 2023
Back in India for the first time since the Covid pandemic, today in Mumbai HAROPA PORT completes it...
China rescues foreign cargo ship with 21-member crew in South China Sea
Categories: News Flash
Date: Mar 20, 2023
A foreign cargo ship with 21 crew members on board has been towed to safety in the Pearl River estu...
ABS and Leading Korean Players Take Aim at Scope 3 Emissions Methodologies
Categories: News Flash
Date: Mar 20, 2023
ABS is leading a unique approach to advance the shipbuilding industry’s decarbonization efforts w...
AMP Reaffirms its Cooperation Ties With Dinland And The International Maritime Organization
Categories: News Flash
Date: Mar 20, 2023
The close relationship and the strengthening of the ties of friendship between the Republic of Pana...
Turkey, Ukraine, UN say Black Sea grain deal extended
Categories: News Flash
Date: Mar 20, 2023
The Black Sea Grain Initiative, which covers exports of agricultural products from Ukrainian Black ...
Easing supply chains likely to keep downward pressure on freight rates
Categories: News Flash
Date: Mar 20, 2023
Rates for transporting chemicals on various modes of transportation continue to face downward press...
Container prices in Asia take a hit in March 2023 on low demand, higher inventory
Categories: News Flash
Date: Mar 20, 2023
Container prices fell in March 2023 due to sluggish consumer demand and excess inventory in Asia, o...
Product Tankers in Asia to Keep Benefitting From Australian Demand
Categories: News Flash
Date: Mar 20, 2023
Product tankers and more specifically, MRs are to keep benefitting from increasing demand from Aust...
Dry Bulk Market: Capesize Market Keeps Improving, Albeit at a Slower Pace
Categories: News Flash
Date: Mar 20, 2023
Capesize The Capesize lifted $2,401 for its time charter average on Tuesday, but failed to keep ...
HD Hyundai builds industrial alliance for carbon neutrality
Categories: News Flash
Date: Mar 18, 2023
South Korea’s HD Hyundai, the world’s largest shipbuilding group, said Friday it is forming the...
Net-Zero Industry Act must recognize strategic role of shipping for Europe’s security
Categories: News Flash
Date: Mar 18, 2023
European shipowners today welcome the EU’s proposed Net-Zero Industry Act. The Act can be step-ch...
Clean Shipping Coalition: UN at defining moment for 2030 and 2040 climate action on shipping
Categories: News Flash
Date: Mar 18, 2023
The International Maritime Organization (IMO) has a historic opportunity in the next three months t...
Baltic index logs fourth straight weekly rise
Categories: News Flash
Date: Mar 18, 2023
The Baltic Exchange’s main sea freight index dipped on Friday on weaker demand for capesize and p...
Diana Shipping Inc. Announces Time Charter Contract for m/v Leonidas P. C. With Cargill
Categories: News Flash
Date: Mar 18, 2023
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-i...
Dynagas LNG Partners LP Retains Positive LNG Shipping Outlook
Categories: News Flash
Date: Mar 18, 2023
Dynagas LNG Partners LP, an owner and operator of liquefied natural gas (“LNG”) carriers, today...
India's port sector is growing rapidly and contributing to economic progress: PM Modi
Categories: News Flash
Date: Mar 18, 2023
he Prime Minister, Shri Narendra Modi has lauded the achievements of Tuticorin VOC port a Y-o-Y gro...
Adani Ports, Mundra has docked its first LNG fueled powered Crude oil Tanker
Categories: News Flash
Date: Mar 18, 2023
Adani Ports, Mundra has docked its First LNG fueled powered Aframax Crude oil Tanker at its SPM (...
PSA Mumbai dismisses congestion, productivity slowdown reports
Categories: News Flash
Date: Mar 18, 2023
PSA Mumbai (BMCT), the new terminal operator at India’s Nhava Sheva Port (JNPT), has denied repor...
Concession Agreement For Vizag Multipurpose Terminal Signed
Categories: News Flash
Date: Mar 18, 2023
Visakhapatnam Port Authority has entered into a 30 years concession with Vizag Multipurpose Termina...
TORM purchases three fuel-efficient MR product tankers in a partly share-based transaction
Categories: News Flash
Date: Mar 17, 2023
TORM has today entered into an agreement to purchase three 2013-built MR eco product tanker vessels...