News Flash
India Seeks Public-Private Partnership (PPP) In Coastal Shipping
Categories: News Flash
Date: Feb 03, 2023
On February 1, the Indian government announced its plan to invest in coastal shipping. As per the l...
India export prices stay high on strong demand, limited supply
Categories: News Flash
Date: Feb 03, 2023
Rice export prices from India rose to their highest level since April 2021 this week, aided by firm...
Dredging Corporation of India signs historic agreement with IWAI
Categories: News Flash
Date: Feb 03, 2023
Dredging Corporation of India (DCI) signed a historic agreement with Inland Waterways Authority of ...
0.5% VLSFO premium spikes to six-month high
Categories: News Flash
Date: Feb 02, 2023
The spot cash premium for 0.5% very low sulphur fuel oil (VLSFO) surged to a six-month high on Wedn...
Argus launches world’s first biofuel blended ship bunker price
Categories: News Flash
Date: Feb 02, 2023
Global energy and commodity price reporting agency Argus today launched the world’s first indepen...
Great Eastern Shipping Company consolidated net profit rises 205.52% in the December 2022 quarter
Categories: News Flash
Date: Feb 02, 2023
Net profit of Great Eastern Shipping Company rose 205.52% to Rs 627.20 crore in the quarter ended D...
Baltic index falls to over 2-year low as larger vessel rates slide
Categories: News Flash
Date: Feb 02, 2023
he Baltic Exchange’s dry bulk sea freight index fell to its lowest since June 2020, weighed by we...
Wartsila sees energy transition ramp up in shipping amid wider energy shifts
Categories: News Flash
Date: Feb 02, 2023
The shift to greener fuels in shipping is gathering pace, with a almost a third of orders reflectin...
Western tankers ramp up Russian oil shipments under price cap
Categories: News Flash
Date: Feb 02, 2023
Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s ...
Significant Fall in Ships Sold for Scrap During 2022
Categories: News Flash
Date: Feb 02, 2023
According to new data released today by the NGO Shipbreaking Platform, 443 ocean-going commercial s...
India to remain fastest growing major economy at above 6% growth
Categories: News Flash
Date: Feb 02, 2023
The Indian economy is expected to grow in the range of six per cent to 6.8 per cent in the coming f...
Economic Survey 2023 pushes for cargo movement through water bodies, ports
Categories: News Flash
Date: Feb 02, 2023
Expansion of port capacity and development of inland waterways in India over the next few years wil...
Suez Canal tugs working to move broken down tanker, shipping traffic unaffected
Categories: News Flash
Date: Feb 02, 2023
Suez Canal tugboats are working to move a broken down LNG tanker called Grace Emilia on Wednesday, ...
Baltic index logs worst month in 3 years on lower vessel demand
Categories: News Flash
Date: Feb 01, 2023
The Baltic Exchange’s main sea freight index registered its biggest monthly percentage fall in th...
Olympic Shipping and Management SA is GCMD’s first Greek ship owner / manager centre-level partner
Categories: News Flash
Date: Feb 01, 2023
The Global Centre for Maritime Decarbonisation (GCMD) and Olympic Shipping and Management SA (OSM) ...
Seri Damai and Seri Daya, latest sister vessels to join MISC’s eco-efficient Lng carrier fleet
Categories: News Flash
Date: Feb 01, 2023
MISC (MISC or the Group) today welcomes two of its latest new generation of Liquefied Natural Gas (...
New Norwegian consortium sets sights on developing complete hydrogen value chain for maritime sector
Categories: News Flash
Date: Feb 01, 2023
The multidisciplinary collaboration, for which a Memorandum of Understanding (MOU) was signed last ...
Record-Breaking Fall In Long-Term Rates For Ocean Freight, As Carriers Brace For Stormy 2023
Categories: News Flash
Date: Feb 01, 2023
January proved to be a dramatic month for long-term ocean freight rates, with the latest data from ...
India plans measures to curb Chinese imports as trade gap concerns mount
Categories: News Flash
Date: Feb 01, 2023
India is considering a number of tariffs and non-tariff steps to cut imports of non-essential consu...
India sees GDP growth slowing on global weakness
Categories: News Flash
Date: Feb 01, 2023
India forecast economic growth of 6% to 6.8% in the 2023/24 fiscal year, slowing from the 7% growth...
MEO Group migrates entire fleet to Marlink’s smart network solution to accelerate digitalisation
Categories: News Flash
Date: Feb 01, 2023
Marlink, the smart network solutions company, is implementing a fleet-wide migration of its smart m...
WinGD and CMB.TECH co-develop large ammonia-fuelled engine
Categories: News Flash
Date: Feb 01, 2023
WinGD and CMB.TECH bring combined expertise to zero-carbon fuel technology in groundbreaking collab...
Grain flows ease on month as inspection delays remain unresolved
Categories: News Flash
Date: Feb 01, 2023
Seaborne flows through the Black Sea grain corridor have averaged 102,051 mt/d over Jan. 1-28, 15% ...
Terminal operators, shipping lines urged to forgo charges
Categories: News Flash
Date: Jan 31, 2023
Almost 90 per cent out of over 5,700 stuck-up containers are lying at the private terminals and the...
Temasek remains invested in Adani Ports, says report
Categories: News Flash
Date: Jan 31, 2023
Singapore investor, Temasek Holdings (Private) Limited, remains invested in Adani Ports and Special...
Capital increase in TORM due to exercise of Restricted Share Units as part of TORM’s incentive program
Categories: News Flash
Date: Jan 31, 2023
TORM plc (“TORM”) increases its share capital by 21,267 A-shares (corresponding to a nominal va...
Supramax trans-Atlantic grain rates find a floor after hitting multiyear lows
Categories: News Flash
Date: Jan 31, 2023
The Supramax trans-Atlantic grain assessment Recalada-to-Bejaia experienced several losses during t...
IMO Sub-committee On Ship Design And Construction (SDC 9)
Categories: News Flash
Date: Jan 31, 2023
The 9th session of the IMO’s Sub-Committee on Ship Design and Construction (SDC 9) was held from ...
Baltic index snaps 9-day losing streak as panamax, supramax rates rise
Categories: News Flash
Date: Jan 31, 2023
The Baltic Exchange’s main sea freight index snapped its nine-session losing streak on Tuesday, a...
Bids for Andaman's Mega Project Open Amid Another 'Joshimath Tragedy' Scare
Categories: News Flash
Date: Jan 31, 2023
Aiming to complete the terminal in 2028, the Centre has invited bids for the Rs 41,000-crore mega i...
India to use emergency law to maximise coal power output
Categories: News Flash
Date: Jan 31, 2023
India plans to use an emergency law next month to force power plants that run on imported coal to m...
Four new Pacific International Lines container ships to benefit from integration of Wärtsilä solutions
Categories: News Flash
Date: Jan 31, 2023
The technology group Wärtsilä will supply the LNG Fuel Gas Supply System, Propulsion Control Syst...