News Flash

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Starlink making waves in maritime – fast growing interest from major shipping companies

Categories: News Flash

Date: Apr 15, 2023

Elon Musk’s Starlink satellite communications service is attracting a growing list leading n...

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First direct mainline container vessel “mv Hong An” calls at New Mangalore Port

Categories: News Flash

Date: Apr 15, 2023

The first direct mainline vessel “mv Hong An” called at the New Mangalore Port on Thu...

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Port Hedland Iron Ore Hub Avoids the Worst of Cyclone IIsa

Categories: News Flash

Date: Apr 15, 2023

A tropical cyclone smashed into Australia’s northwest coast as a category 5 storm, setting new w...

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US Retail Sales ‘Moderated’ in March But ‘Positive Growth’ Expected in 2023

Categories: News Flash

Date: Apr 15, 2023

Retail sales in the United States slowed down in March, but still saw a growth compared to the same...

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Salvage Operation Begins to Recover Stricken Fishing Vessel South of Cape Town

Categories: News Flash

Date: Apr 15, 2023

A frantic rescue operation was launched early on Friday morning to save 26 fishermen after their fi...

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Maersk’s First Green Methanol-Powered Containership Launched

Categories: News Flash

Date: Apr 15, 2023

Danish shipping giant Maersk is celebrating the launch of the world’s first green methanol-powere...

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Onyx Power to Build 1200 MW Blue Hydrogen Production Plant in Port of Rotterdam

Categories: News Flash

Date: Apr 15, 2023

The Port of ROTTERDAM has announced that Onyx Power, a German energy provider, plans to c...

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Cash buyers making fortunes flipping vintage tankers

Categories: News Flash

Date: Apr 15, 2023

The extraordinary sums paid for vintage tanker tonnage in the wake of Russia’s war with Ukraine i...

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Boxship and gas carrier orders smash more records

Categories: News Flash

Date: Apr 15, 2023

LNG carrier and containership ordering continue to create incredible records. The two ship types ha...

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Shipping rates show signs of recovery ahead of trans-Pacific contract renewal

Categories: News Flash

Date: Apr 14, 2023

International shipping freight rates, which had fallen below break-even levels, have recently shown...

Mixed signals: Container shipping downturn not following the script

Categories: News Flash

Date: Apr 14, 2023

Spot container freight indexes are still falling. Cargo shippers are signing annual contracts at sh...

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Atlantic Supramax market looks to higher rates in Q2

Categories: News Flash

Date: Apr 14, 2023

Participants in the Atlantic Supramax dry bulk freight market said they expect rate spikes on all r...

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Record high container order book of 7.54 million TEU signals significant change

Categories: News Flash

Date: Apr 14, 2023

“Despite the collapse in freight rates, shipowners still have an appetite for new container ship ...

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Baltic index steady as capesize bounce offsets dip in smaller vessels

Categories: News Flash

Date: Apr 14, 2023

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...

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India Working On Plan To Encourage Construction Of Inland Vessels To Develop Blue Economy

Categories: News Flash

Date: Apr 14, 2023

The Union Shipping Ministry has plans to boost inland vessel and ship construction, aiming at self-...

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Indian exports up 6% in year to end-March, Russian imports surge

Categories: News Flash

Date: Apr 14, 2023

India’s exports of merchandise and services rose by 6% in the fiscal year to March 31, Indian gov...

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Germany to review China stake in Hamburg port terminal

Categories: News Flash

Date: Apr 14, 2023

Germany is reviewing its decision to allow China’s Cosco to take a stake in one of logistics comp...

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Bangladesh deep-sea port ‘Matarbari’ promises strategic anchor for Japan, India

Categories: News Flash

Date: Apr 14, 2023

A deep-sea port under construction in southern Bangladesh is shapingup to be a strategic linchpin f...

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SAFEEN POWER on her maiden call at Kandla

Categories: News Flash

Date: Apr 14, 2023

Safeen Power with her capacity of 3500 TEUs is the largest UAEINDIA GULF (UIG) service vessel to ca...

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No ships inspected on Tuesday under Ukraine Black Sea grain deal, UN says

Categories: News Flash

Date: Apr 13, 2023

No ships were inspected on Tuesday under the Ukraine Black Sea grain deal “as the parties needed ...

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Klaveness Combination Carriers signs on as the latest Sustainable Shipping Initiative member

Categories: News Flash

Date: Apr 13, 2023

Klaveness Combination Carriers (KCC) announces today that it has become the latest shipowner to joi...

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HSFO eases, but steady feedstock demand limits declines

Categories: News Flash

Date: Apr 13, 2023

Asia’s high sulphur fuel oil (HSFO) market eased on Wednesday, though expectations of steady feed...

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KNUD E HANSEN Announces Development of CO2 Tanker

Categories: News Flash

Date: Apr 13, 2023

According to the Paris Agreement CO2 emissions shall be reduced as to limit the global warming to w...

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Baltic index falls on lower vessel demand

Categories: News Flash

Date: Apr 13, 2023

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...

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Cyclone in Western Australia weighs on Capesize freight rates; threatens cargo loadings

Categories: News Flash

Date: Apr 13, 2023

The intensification of Tropical Cyclone Ilsa into a Category 4 storm off the coast of Western Austr...

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Demand for Newbuildings Increases, Despite Higher Prices

Categories: News Flash

Date: Apr 13, 2023

Higher prices and lower earnings haven’t deterred ship owners from investing in the newbuilding m...

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UK parliamentary delegation to discuss trade, research ties in India

Categories: News Flash

Date: Apr 13, 2023

A British parliamentary delegation made up of the India (Trade &Investment) All Party Parliamen...

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Govt to invite financial bids for Shipping Corp of India in May

Categories: News Flash

Date: Apr 13, 2023

The Indian government plans to invite financial bids for the privatisationof Shipping Corp of India...

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India likely to list Shipping Corporation of India Land and Assets by April end

Categories: News Flash

Date: Apr 13, 2023

The Indian government expects to list the state-owned Shipping Corporation of India Land and Assets...

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IMO LEG supports revised guidelines for places of refuge

Categories: News Flash

Date: Apr 12, 2023

The 110th meeting of the IMO Legal Committee (LEG 110) took place last week from 27 to 31 March and...

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Chinese ports see fewer empty containers as exports on recovery trend despite global inflation

Categories: News Flash

Date: Apr 12, 2023

Major ports across China have reported a drop of empty containers, which industry insiders said is ...

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Bintulu Port on expansion mode

Categories: News Flash

Date: Apr 12, 2023

Bintulu Port Holdings Bhd (BPHB) will expand its debonded area at Bintulu Port to increase capacity...