News Flash
MOL Decides to Merge Two Group Companies for Ferry and Coastal RORO Vessel Business- Japan’s Largest Ferry and Coastal RORO Vessel Company Launch
Categories: News Flash
Date: Feb 14, 2023
Mitsui O.S.K. Lines, Ltd. announced its decision to integrate two wholly owned ferry and coastal RO...
The Signing Ceremony of Long-Term Contracts for Two Liquefied CO2 Carriers between “K” LINE and Northern Lights JV DA~World’s first full scale CCS project
Categories: News Flash
Date: Feb 14, 2023
The signing ceremony for bare boat charter and time charter contracts for two 7,500m3 liquefied CO2...
RINA and ABB Sign MoU to Cooperate in Shipping Decarbonization
Categories: News Flash
Date: Feb 14, 2023
RINA, the international classification society, has today announced the signing of a Memorandum of ...
Spain denies entry to tanker carrying Russian-origin diesel
Categories: News Flash
Date: Feb 14, 2023
Spain has denied entry into Tarragona port to the Maersk Magellan, a Singapore-flagged vessel, due ...
Asian shipping lines are reporting steep revenue declines
Categories: News Flash
Date: Feb 14, 2023
New operating results from four Asian shipping lines were released Friday, pointing to steep perfor...
Container shipping stock prices resilient despite falling spot rates
Categories: News Flash
Date: Feb 14, 2023
In our recently published addendum to Financial Health Check, we have reassessed container industry...
IFSCA lays foundation to strengthen ship financing, leasing in India
Categories: News Flash
Date: Feb 14, 2023
In a bid to boost maritime trade, International Financial Services Centres Authority is taking step...
Baltic Index Gains As Capesize Sees Best Day In Nearly Two Months
Categories: News Flash
Date: Feb 14, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Product Tankers: Mixed Fortunes for MRs and LR2s
Categories: News Flash
Date: Feb 14, 2023
There could be a shift in fortunes in completely opposite directions for various parts of the produ...
Recession alarm bells are ringing, but (much) less loudly than before
Categories: News Flash
Date: Feb 13, 2023
The rapid reopening of China’s economy, plunging European gas prices and cooling U.S. inflation s...
China’s Beibu Gulf Port sees cargo throughput rise in 2022
Categories: News Flash
Date: Feb 13, 2023
Beibu Gulf Port in south China’s Guangxi Zhuang Autonomous Region saw its cargo throughput reach ...
San Pedro Bay Ports Release Final Drayage Truck Feasibility Assessment
Categories: News Flash
Date: Feb 13, 2023
The ports of Long Beach and Los Angeles have released a final report on the current state and overa...
Georgia port gets big delivery in 4 towering new cranes
Categories: News Flash
Date: Feb 13, 2023
The Port of Savannah received a massive delivery Thursday: four towering ship-to-shore cranes built...
Port Of Long Beach Sees Reduced Cargo
Categories: News Flash
Date: Feb 13, 2023
Softened consumer spending, increased prices driven by inflation and a shift in trade routes contri...
USDOT Announces More Than $660 Million Available Through the Port Infrastructure Development Program
Categories: News Flash
Date: Feb 13, 2023
The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced a Notice of...
ARA gasoil stocks swell on Asian and US inflows as Russian imports are phased out
Categories: News Flash
Date: Feb 13, 2023
The ARA’s independent gasoil stocks – which include diesel and heating oil – have averaged 13...
Ukraine seeks higher tonnage ships to boost exports under grain deal
Categories: News Flash
Date: Feb 13, 2023
Ukraine’s agriculture ministry has proposed increasing the minimal tonnage of ships which carry g...
China, Greece sign strategic cooperation agreement on shipping finance
Categories: News Flash
Date: Feb 13, 2023
The Lujiazui Financial City Council in Shanghai, China, and the Association of Banking and Financia...
West Africa Oil and Products Imports Facing Structural Shifts
Categories: News Flash
Date: Feb 13, 2023
The looming completion of West Africa’s Dangote refinery is expected to have a significant impact...
Adani Gangavaram Port inducts a new loco at the port
Categories: News Flash
Date: Feb 11, 2023
Adani Gangavaram Port the deepest and the most modern port in the country today inducted a new Loco...
Droughts leave cargo riverboats high and dry
Categories: News Flash
Date: Feb 11, 2023
Increased droughts are forcing shipping companies to abandon some of the world’s main river cargo...
Korea’s shipping service exports hit record $38bn in 2022
Categories: News Flash
Date: Feb 11, 2023
South Korea’s shipping service exports reached an all-time high of $38.3 billion in 2022, breakin...
Seafarers wages bill positive step but won’t close loopholes exploited by P&O ferries
Categories: News Flash
Date: Feb 11, 2023
The UK government is yet to close the legal loopholes that allowed P&O Ferries and its chief ex...
Maersk to recruit South African cadets for its global fleet
Categories: News Flash
Date: Feb 11, 2023
Following an extensive review process, South Africa has been identified as a high potential crew so...
DNV awards Michelin first AiP for WISAMO inflatable wing sail
Categories: News Flash
Date: Feb 11, 2023
Classification society DNV has awarded an AiP to Michelin for their WISAMO wing sail system. This i...
MOL to Provide Aid to Victims of Earthquake in Turkey and Syria
Categories: News Flash
Date: Feb 11, 2023
Mitsui O.S.K. Lines, Ltd. has decided to donate 5 million yen to the Japanese Red Cross Society and...
Regional regulations bring benefits
Categories: News Flash
Date: Feb 11, 2023
Regional regulation has, in the past, been criticised for unfairly skewing a global market, but loc...
Baltic index logs sixth straight weekly fall
Categories: News Flash
Date: Feb 11, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
India’s Coal Imports From Russia Pick up Pace
Categories: News Flash
Date: Feb 11, 2023
India has been increasingly looking to Russia, to cover its energy and raw materials needs, with co...
Dry Bulk Market: Capesize Market’s Weakness Still Evident
Categories: News Flash
Date: Feb 10, 2023
Capesize - As China returned from their Lunar New Year holidays there was hope in some quarters tha...
Tankers: Higher Crude Production Would be Welcome, But It’s Not Looking Likely At the Moment
Categories: News Flash
Date: Feb 10, 2023
The tanker market and most notably the larger sizes could benefit from higher production figures, b...
Start thinking about carbon strategies today
Categories: News Flash
Date: Feb 10, 2023
Shipping companies should be looking at carbon strategies – both compulsory and voluntary – tod...