News Flash
Singapore fuel oil stocks climb as weekly net imports rise
Categories: News Flash
Date: Dec 23, 2022
Residual fuel oil stocks at key trading hub Singapore climbed by 7% week-on-week to hit a six-week ...
Shell-backed consortium confirms EU grant deal for hydrogen-fueled tanker project
Categories: News Flash
Date: Dec 23, 2022
A consortium comprising Shell, TECO 2030 and some others has finalized a grant agreement with the E...
Baltic index posts worst day in five weeks on lower vessel demand
Categories: News Flash
Date: Dec 23, 2022
The Baltic Exchange’s dry bulk sea freight index fell on Thursday, marking its biggest one-day pe...
MCA: New rules to update maritime training
Categories: News Flash
Date: Dec 23, 2022
New regulations signed this month will reinforce the Government’s commitment to supporting UK sea...
India’s Coal demand likely to peak between 2030-2035
Categories: News Flash
Date: Dec 23, 2022
The demand for coal is continuing and likely to peak between 2030-2035 being an affordable source o...
Newbuilding Activity Declines as Holiday Season Approaches
Categories: News Flash
Date: Dec 23, 2022
The newbuilding ordering activity has been lower over the course of the past week, as is the case, ...
Indian buyers warm up to Mozambique thermal coal on competitive pricing
Categories: News Flash
Date: Dec 23, 2022
Indian buyers are increasingly making space for thermal coal sourced from non-traditional destinati...
Recession, rate hikes seen jamming brakes on global 2023 earnings growth
Categories: News Flash
Date: Dec 23, 2022
Corporate earnings growth is expected to slow in the year ahead in many countries as higher inflati...
Mixed signals from the US economy for 2023
Categories: News Flash
Date: Dec 23, 2022
The economic, financial, and political chaos of 2022 has exposed the limits of forecasting. Recall ...
Egypt parliament speaker defends Suez Canal authority bid for $4m private fund
Categories: News Flash
Date: Dec 22, 2022
Egypt’s parliament speaker on Tuesday defended a draft law submitted by the government seeking to...
Turkish Mediterranean Ports’ Expansion May Bring Overcapacity
Categories: News Flash
Date: Dec 22, 2022
Fitch Ratings-London-20 December 2022: Some ports in the East Mediterranean region of Turkiye will ...
MOL and GAIL to Strengthen Partnership- Sign Time Charter Contract for Newbuilding LNG Carrier and Joint Ownership of Existing LNG Carrier
Categories: News Flash
Date: Dec 22, 2022
On December 20th, Mitsui O.S.K. Lines, Ltd.(MOL) and GAIL (India) Limited (GAIL;Headquarters: New D...
Dozens of merchant ships stuck off Iran as payment snags bite
Categories: News Flash
Date: Dec 22, 2022
Dozens of merchant ships with grains and sugar are stuck outside Iranian ports after weeks of delay...
PIL makes first CA reefer delivery of fresh avocadoes to Singapore
Categories: News Flash
Date: Dec 22, 2022
Pacific International Lines (PIL) is pleased to announce that it has made its first delivery of fre...
Rajya Sabha passes Maritime Anti-Piracy Bill
Categories: News Flash
Date: Dec 22, 2022
Rajya Sabha on Wednesday passed a Bill which the government said would provide an effective legal i...
Maritime Employees Threaten Shutting Ports Over IOCs Denial To Employ Dockworkers
Categories: News Flash
Date: Dec 22, 2022
The Maritime Workers Union of Nigeria (MWUN) has reportedly called on the Federal Government to com...
India extends halt on futures trade in key farm commodities by a year
Categories: News Flash
Date: Dec 22, 2022
India’s market regulator extended the suspension of trading in derivative contracts of key farm c...
China tightens verification of ships’ energy consumption data
Categories: News Flash
Date: Dec 22, 2022
From 22 December 2022, ships trading to Chinese ports must record their energy consumption data in ...
India’s post-COVID spending boom drives two-speed economy
Categories: News Flash
Date: Dec 22, 2022
India is set to be the world’s fastest growing major economy in the year ahead, as a post-pandemi...
Global economy in steep slowdown: World Bank
Categories: News Flash
Date: Dec 21, 2022
After about a year of uncertainty in 2022, global economy is in a steep slowdown, according to the ...
China keeps benchmark lending rates unchanged for 4th consecutive month
Categories: News Flash
Date: Dec 21, 2022
China kept its benchmark lending rates unchanged for the fourth consecutive month on Tuesday, match...
LNG port boosts German gas supplies
Categories: News Flash
Date: Dec 21, 2022
Germany took a huge step toward weaning itself off Russian natural gas on the weekend, with the ope...
Cargo flows in near future will not return to pre-war volumes
Categories: News Flash
Date: Dec 21, 2022
This year with Russia’s war in Ukraine demonstrated that the cargo flows, mot believably, will no...
Shipping giant MSC faces more fallout from cocaine cases
Categories: News Flash
Date: Dec 21, 2022
Mediterranean Shipping Co. (MSC), the world’s largest ocean carrier, is facing ongoing fallout fr...
170 wind turbines installed: Record-setting year for EFG Scandinavia
Categories: News Flash
Date: Dec 21, 2022
EMS-Fehn-Group’s heavy lift and crane professionals of EFG Scandinavia AS are looking back on a r...
Ship Recycling Market Still Under Pressure
Categories: News Flash
Date: Dec 21, 2022
The ship recycling has remained under pressure, despite a few positive signs here and there. In its...
United Maritime Announces Profitable Sale of an LR2 Tanker for $39 million
Categories: News Flash
Date: Dec 21, 2022
United Maritime Corporation, announced today that it has entered into a definitive agreement with a...
Shipping Corporation hits 52-week high; up 17% in 2 days on demerger update
Categories: News Flash
Date: Dec 21, 2022
Shares of Shipping Corporation of India (SCI) hit a 52-week high of Rs 151.30 as they soa...
Indian Ocean High Risk Area for piracy to be removed on 1 January
Categories: News Flash
Date: Dec 21, 2022
At 00:01 UTC on 1 January 2023, the Shipping Industry Indian Ocean High Risk Area (HRA) for piracy ...
New technologies in shipbuilding: warranty claims
Categories: News Flash
Date: Dec 20, 2022
Increased focus on decarbonisation has led to more shipbuilding involving state of the art technolo...
IIFCL sanctions ₹8,244 crore loans to develop 20 ports
Categories: News Flash
Date: Dec 20, 2022
State-owned IIFCL on 18 December announced that it has sanctioned ₹8,244 crore loans to about 20 ...
The Suez Canal Authority Signs a Memorandum of Understanding With The MACN Anti-Corruption Network
Categories: News Flash
Date: Dec 20, 2022
The Suez Canal Authority signed a Memorandum of Understanding with the Maritime Anti-Corruption Net...