News Flash
RightShip: Climbing cases of seafarer abandonment places profits above people as $40 million is lost in unpaid crew wages
Categories: News Flash
Date: Feb 08, 2023
Reported rates of seafarer abandonment show no signs of slowing, with current figures listing 9,925...
Baltic Index Extends Fall On Lower Rates For Panamax, Supramax
Categories: News Flash
Date: Feb 08, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Ship Recycling: Positive Steps Made for the Industry
Categories: News Flash
Date: Feb 08, 2023
The ship recycling industry is undergoing significant changes in various countries. In its latest w...
Directorate General of Shipping criticizes ports banning scrubbers
Categories: News Flash
Date: Feb 07, 2023
Directorate General of Shipping published a circular, noting that some of the country’...
World’s latest container ship EVER ACME transits Suez Canal on 1st sea voyage
Categories: News Flash
Date: Feb 07, 2023
The World’s latest giant container ship, EVER ACME, crossed the new navigational channel of the S...
Global container port congestion to decline through 2023
Categories: News Flash
Date: Feb 07, 2023
Pre-berth waiting times showed clear signs of improvement towards the end of 2022 despite, increasi...
Car carriers booked solid, container ships being considered
Categories: News Flash
Date: Feb 07, 2023
The Ministry of Oceans and Fisheries proposed the use of container ships to export new cars in orde...
Tankers International launches a new CII feature for popular VLCC fixture app
Categories: News Flash
Date: Feb 07, 2023
Tankers International, the world’s leading shipping pool for VLCCs, today announced the launch of...
UK government missing out on nearly £2bn a year by not taxing shipping pollution
Categories: News Flash
Date: Feb 07, 2023
Cash-strapped Britain could benefit from an additional £1.8 billion a year if it were to tax shipp...
Baltic index hits nearly three-year low on weaker vessel demand
Categories: News Flash
Date: Feb 07, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
NIMASA Successfully Rescues Seven Distressed Workers On A Vessel In Lagos
Categories: News Flash
Date: Feb 07, 2023
A team of coastguards who were associated with the Deep Blue Project, a maritime security outfit th...
India’s growth needs deep analysis, not constant trumpeting
Categories: News Flash
Date: Feb 07, 2023
Although India is among the world’s fastest growing major economies, there is still confusion ove...
UN General Assembly Adopts Convention on the International Effect of Judicial Sales of Ships
Categories: News Flash
Date: Feb 07, 2023
The United Nations General Assembly adopted the UN Convention on the International Effects of Judic...
Shipping Corporation of India consolidated net profit declines 10.27% in the December 2022 quarter
Categories: News Flash
Date: Feb 06, 2023
Net profit of Shipping Corporation of India declined 10.27% to Rs 279.54 crore in the quarter ended...
MACN launched a member platform for third party risk management
Categories: News Flash
Date: Feb 06, 2023
The Maritime Anti-Corruption Network (MACN) and The Marcura Group are pleased to announce the launc...
Ship owners struggle to retain seafarers
Categories: News Flash
Date: Feb 06, 2023
About 1,700 residents in Binh Chau Commune in the Central Province of Quang Ngai’s Binh Son Distr...
USGC-Northern Europe diesel freight in slump despite looming Russian import ban
Categories: News Flash
Date: Feb 06, 2023
Counter to market expectations, Americas clean tanker freight rates have plunged ahead of the upcom...
Product Tanker Still Weak, Albeit Rate of Declines Is Slower
Categories: News Flash
Date: Feb 06, 2023
Clean The BCTI finished the week at 626, down from 659 the previous week. In the Middle East ...
Dry Bulk Market: Capesize Market’s Weakness Still Evident
Categories: News Flash
Date: Feb 06, 2023
Capesize As China returned from their Lunar New Year holidays there was hope in some quarters th...
Europe is set to ramp up its oil war against Russia — and markets are bracing for more disruption
Categories: News Flash
Date: Feb 06, 2023
Europe is once again poised to ratchet up the pressure on Russia’s oil revenues, seeking to deple...
Tankers: Higher Crude Production Would be Welcome, But It’s Not Looking Likely At the Moment
Categories: News Flash
Date: Feb 06, 2023
The tanker market and most notably the larger sizes could benefit from higher production figures, b...
China’s shipbuilders catch tailwind to sail on brighter journey
Categories: News Flash
Date: Feb 06, 2023
China’s shipbuilders have kicked off the new year on a busy note, as they are handling new orders...
Maersk North America and Ashdod Port Company sign agreement to collaborate on logistics and supply chain innovation
Categories: News Flash
Date: Feb 06, 2023
Ashdod Port Company has signed an agreement with Maersk North America – to collaborate on innovat...
China’s Economy is Rebounding, But Reforms Are Still Needed
Categories: News Flash
Date: Feb 04, 2023
China’s economy is set to rebound this year as mobility and activity pick up after the lifting of...
NYK’s Financial Performance Propelled By ONE Earnings
Categories: News Flash
Date: Feb 04, 2023
In the first nine months of the fiscal year ending March 31, 2023 (April 1, 2022 to December 31, 20...
0.5% VLSFO rally cools on flurry of offers
Categories: News Flash
Date: Feb 04, 2023
Asia’s spot premium for 0.5% very low sulphur fuel oil (VLSFO) eased on Friday amid a flurry of s...
India Signals Change Through Vessel Age Limits
Categories: News Flash
Date: Feb 04, 2023
India is taking further steps to lower the footprint that their Shipping trade leaves. It is unders...
Baltic index logs fifth straight weekly drop on weaker vessel demand
Categories: News Flash
Date: Feb 04, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
‘Russia has become India’s largest oil supplier’: Russian Envoy
Categories: News Flash
Date: Feb 04, 2023
Russia has become India’s largest oil supplier and significantly contributed to the country’s e...
DP World unit bags $519mln contract for container terminal in India
Categories: News Flash
Date: Feb 04, 2023
Hindustan Ports Private Limited, the Indian arm of Dubai-based DP World, has won the contract to de...
Panama Recovers 15.7 Million Dollars Through The Amp In Wages Owed To Seafarers
Categories: News Flash
Date: Feb 04, 2023
During the current administration of the Panama Maritime Authority (AMP), through the General Direc...
PIL strengthens SEA linkages with new Thailand Philippines Straits Service (TPS)
Categories: News Flash
Date: Feb 04, 2023
Pacific International Lines (PIL) is pleased to introduce a new weekly direct service connecting th...