News Flash
Teekay Corporation Reports Stronger Third Quarter Results
Categories: News Flash
Date: Nov 04, 2022
Teekay Corporation yesterday reported results for the three and nine months ended September 30, 202...
MISC and consortium partners secure five more newbuilding LNG carriers with Qatarenergy
Categories: News Flash
Date: Nov 04, 2022
MISC Berhad (MISC), through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd (P...
INEOS signs long-term time charter agreements with Pacific Gas for four 99,000 cubic metre Very Large Ethane Carriers (VLECs)
Categories: News Flash
Date: Nov 04, 2022
INEOS Europe AG and Pacific Gas (Hong Kong) Holdings Co., Ltd, has signed long-term time charter ag...
Asian LSFO crack slumps to 3-month low on expectations of higher supplies
Categories: News Flash
Date: Nov 04, 2022
Asia’s low sulfur fuel oil refining margin plunged to its weakest in three months Nov. 2, weighed...
World Maritime University graduates ready to make change happen
Categories: News Flash
Date: Nov 04, 2022
The latest batch of future maritime leaders have graduated from the World Maritime University (WMU)...
Euronav Expects Tanker Market Momentum to be Maintained Despite Potential Headwinds
Categories: News Flash
Date: Nov 04, 2022
Euronav NV reported its non-audited financial results today for the third quarter ended 30 Septembe...
Capesize shipments of Guinean bauxite jump 27.4% YTD
Categories: News Flash
Date: Nov 04, 2022
High energy prices in Europe have shifted aluminium production to China. Due to China’s increasin...
Rules on ship carbon intensity and rating system enter into force
Categories: News Flash
Date: Nov 04, 2022
Amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Anne...
Tankers: Full Effect of Ban on Russian Oil To be Felt From 2023 Onwards
Categories: News Flash
Date: Nov 04, 2022
The tanker market’s structural shift is still not complete. In its latest weekly report, shipbrok...
NYK to Order Two LNG-Fueled Large Coal Carriers
Categories: News Flash
Date: Nov 03, 2022
NYK will order two LNG-fueled large coal carriers from Oshima Shipbuilding Co., Ltd. The vessels ar...
Low-Speed, Dual-Fuel Portfolio Reaches Millennial Milestone
Categories: News Flash
Date: Nov 03, 2022
MAN Energy Solutions has announced that its portfolio of two-stroke, dual-fuel engines has passed m...
Russia returns to Black Sea grain deal in sudden U-turn
Categories: News Flash
Date: Nov 03, 2022
Russia said on Wednesday it would renew its participation in an agreement allowing Ukraine to expor...
Maersk sees container demand slowing as recession looms
Categories: News Flash
Date: Nov 03, 2022
Shipping group Maersk warned on Wednesday of slowing demand for transport and logistics as a global...
Fewer seafarers, higher inflation – where are ship operating costs heading?
Categories: News Flash
Date: Nov 03, 2022
Demand for seafarers is still on the rise, while increase in supply is expected to be weaker in the...
Ship Owners Refrain From More Newbuilding Orders Despite Improving Market Sentiment
Categories: News Flash
Date: Nov 03, 2022
Ship owners have distanced themselves from contracting more newbuildings, despite the fact that sen...
Cochin Shipyard, Mazagon Dock soar up to 8% on hopes of strong Q2 results
Categories: News Flash
Date: Nov 03, 2022
Shares of state-owned shipbuilding companies Cochin Shipyard and Mazagon Dock Shipbuilders&nbs...
India’s Cairn pushes upstream expansion as oil prices remain attractive
Categories: News Flash
Date: Nov 03, 2022
India’s Cairn Oil and Gas is pushing ahead with its ambitious upstream expansion plans by extendi...
India’s Adani Ports Q2 profit jumps as cargo volumes surge
Categories: News Flash
Date: Nov 03, 2022
Adani Ports and Special Economic Zone APSE.NS, India’s largest private operator of ports, reporte...
WiseTech Global acquires industry-leading data entry automation business Shipamax
Categories: News Flash
Date: Nov 03, 2022
WiseTech Global (ASX:WTC), developer of leading logistics execution software CargoWise, today annou...
Scorpio Tankers Inc. Reports Third Quarter Net Loss of $73.3 Million
Categories: News Flash
Date: Nov 02, 2022
Scorpio Tankers Inc. yesterday reported its results for the three and nine months ended September 3...
Repairing Scrubber Overboards and Scrubber outlet pipes Underwater
Categories: News Flash
Date: Nov 02, 2022
FN Diving replaces and repairs any corroded Scrubber exhaust pipe during cargo operations afloat un...
IBIA welcomes news of Rotterdam’s plans to mandate MFMs
Categories: News Flash
Date: Nov 02, 2022
The International Bunker Industry Association (IBIA) welcomes news that the Port of Rotterdam appea...
Chinese company hands over Nigeria’s first deep sea port
Categories: News Flash
Date: Nov 02, 2022
China Harbor Engineering Company Ltd (CHEC) on Monday handed over Nigeria’s first deep sea port t...
Baltic Index Drops to 7-Week Low
Categories: News Flash
Date: Nov 02, 2022
The Baltic Dry index, which measures the cost of shipping goods worldwide, fell for a tenth consecu...
Successful China-Greece cooperation at Piraeus Port injects confidence among other European partners
Categories: News Flash
Date: Nov 02, 2022
A spokesperson of China’s Embassy in Greece said on Tuesday the success of China-Greece cooperate...
Ship Recycling: Lack of Tonnage a Major Issue
Categories: News Flash
Date: Nov 02, 2022
Alack of available tonnage has continued to hinder demolition activity across the Southeast Asia re...
India, Australia are guardians of the flanks of the Indian Ocean
Categories: News Flash
Date: Nov 02, 2022
Indian Ocean regional challenges include climate change, “big power muscle movement”, says visi...
Telangana’s ambitious palm oil strategy to help India reduce import
Categories: News Flash
Date: Nov 02, 2022
An 80km (49.7mile) road in Khammam district of the southern Indian state of Telangana is dotted wit...
India continues with Russian oil buys, cuts shipments from Saudi
Categories: News Flash
Date: Nov 02, 2022
Russia dominated Saudi Arabia in oil supplies as the world’s fastest-growing major economy for fo...
Latest Seafarers Happiness Index shows sustained recovery in seafarer satisfaction
Categories: News Flash
Date: Nov 01, 2022
The Mission to Seafarers today publishes the findings of its Q3 2022 Seafarers Happiness Index repo...
Xeneta Container Rates Alert: Stubborn Long-Term Rates Refuse To Follow In Footsteps Of Huge Spot Declines, But Change Is Coming
Categories: News Flash
Date: Nov 01, 2022
With dramatic spot rate falls, a non-existent peak season, and easing port congestion freeing up ca...
Sanctions are about to slam Russia’s still-booming oil export trade
Categories: News Flash
Date: Oct 31, 2022
The Putin regime has been enriching itself through oil exports ever since Russia invaded Ukraine. I...