News Flash
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...
UAE’s Fujairah Nov marine fuel sales slip to nine-month lows
Categories: News Flash
Date: Dec 20, 2022
Marine fuel sales at the United Arab Emirates’ Fujairah, the world’s third-largest bunkering hu...
VLSFO cash differential rebounds on spot trade
Categories: News Flash
Date: Dec 20, 2022
Asia’s cash differential for 0.5% very low sulphur fuel oil (VLSFO) rebounded on Monday as more s...
End of ‘easy bunkering’ in sight on shifting oil flows
Categories: News Flash
Date: Dec 20, 2022
The days of picking and choosing from a range of bunker fuels at ports are disappearing as geopolit...
IMO edges forward on ambitious revision of the GHG reduction strategy but uncertainty remains as all options still on the table
Categories: News Flash
Date: Dec 20, 2022
Momentum has built towards an ambitious revision of the GHG reduction strategy as two weeks of IMO ...
China seen keeping benchmark lending rates unchanged for 4th month
Categories: News Flash
Date: Dec 20, 2022
China is likely to keep benchmark lending rates unchanged for the fourth straight month in December...
UAE will look to a world beyond OPEC
Categories: News Flash
Date: Dec 20, 2022
The United Arab Emirates will have a busy 2023. The Gulf state wants to pump more oil, shore up its...
“Green” Retrofits to Dominate the Ship Repair Market of 2023
Categories: News Flash
Date: Dec 20, 2022
Shipyards across Europe, Med and the Black Sea are expected to be fully booked during 2023, as a mu...
China in Hot Pursuit of South Korea in LNG Carrier Market
Categories: News Flash
Date: Dec 19, 2022
China is rising fast in the liquefied natural gas (LNG) carrier market, which is dominated by Korea...
Lower commodity prices to shrink India’s trade deficit and help rupee
Categories: News Flash
Date: Dec 19, 2022
The fall in commodity prices could help narrow India’s trade deficit in the coming months, aiding...
India: Exports rise marginally to $32 bn in Nov; trade deficit lowest in 7 months
Categories: News Flash
Date: Dec 19, 2022
India’s merchandise exports grew just 0.59 per cent year-on-year in November at $31.99 billion, a...
Carriers look to be on back foot for eastbound Pacific contract negotiations as market weakens
Categories: News Flash
Date: Dec 19, 2022
Next year’s containerized freight contracts for the eastbound trans-Pacific lane are likely to se...
Oil Tanker Day Rates To Be Supported By The EU’s Ban On Russian Crude
Categories: News Flash
Date: Dec 19, 2022
Over the past 12 months, global container shipping rates have steadily declined to their long-term ...
Decarbonization in the grain shipping sector is not all about increased costs
Categories: News Flash
Date: Dec 19, 2022
Climate change and its deadly consequences from drought, rising sea levels, and the increased frequ...
IMO to bring carbon intensity rules online despite ongoing CII controversies
Categories: News Flash
Date: Dec 19, 2022
The International Maritime Organization, UN’s global regulatory body for shipping, will soon intr...
Dry Bulk Market: Capesizes Surge Forward
Categories: News Flash
Date: Dec 19, 2022
Capesize The Capesize sector saw a surge, especially in the Atlantic since midweek. More cargo f...
247 Greek-Owned Shipping Companies And Their 1,976 Vessels Honored For Rescuing Ships In Distress
Categories: News Flash
Date: Dec 19, 2022
Hundreds of Greek shipping companies were recognized for their participation at the AMVER program l...
Tankers To Stay the Course During 2023
Categories: News Flash
Date: Dec 19, 2022
The tanker market is expected to stay firm during 2023, with both demand and supply fundamentals ex...
IMO MEPC 79: promising development towards effective global climate regulations for shipping
Categories: News Flash
Date: Dec 17, 2022
In its first in-person session in three years, the IMO Marine Environment Protection Committee 79 (...
Ever-lengthening list of ‘unprecedented crises’
Categories: News Flash
Date: Dec 17, 2022
2022 was supposed to be the year of post-pandemic and post-lockdown re-openings, but – as ING’s...
Baltic index logs best week in 12 on capesize demand
Categories: News Flash
Date: Dec 17, 2022
The Baltic Exchange’s dry bulk sea freight index rose on Friday and posted its biggest weekly per...
IMO: As Momentum Builds, NGOs Call for Concrete Proposals To Reduce Black Carbon Impact on Arctic
Categories: News Flash
Date: Dec 17, 2022
As a meeting of the International Maritime Organization’s Marine Environment Protection Committee...
MEPC 79: Belgium and Namibia join forces in green hydrogen production to hasten shipping Decarbonisation
Categories: News Flash
Date: Dec 17, 2022
On behalf both countries, the Ambassador of Belgium, Bruno van der Pluijm and the High Commissioner...