News Flash
“K” Line Expects Improved Dry Bulk Market Due To Lower Tonnage Supply and an Increase in Coal Demand
Categories: News Flash
Date: Feb 04, 2023
1. Qualitative Information and Financial Statement (1) Qualitative Information about the Consoli...
MOL Becomes World’s First Company to Earn AiP for Vessel Cyber Resilience
Categories: News Flash
Date: Feb 03, 2023
Mitsui O.S.K. Lines, Ltd. announced that it has obtained Approval in Principle (AiP) from Bureau Ve...
HSFO spot market extends slide as supplies weigh
Categories: News Flash
Date: Feb 03, 2023
The spot market for high sulphur fuel oil (HSFO) remained under pressure on Thursday as Russian sup...
‘Party is over’: Hapag Lloyd CEO says freight rates to keep declining
Categories: News Flash
Date: Feb 03, 2023
Container freight rates will keep declining in the current realignment of shipping demand and suppl...
Soaring Data Demand Calls For Advanced Connectivity Solutions
Categories: News Flash
Date: Feb 03, 2023
Accelerating digital development and evolving expectations are driving rapidly rising demand for ma...
Baltic index hits over 2-year trough on waning demand for larger vessels
Categories: News Flash
Date: Feb 03, 2023
The Baltic Exchange’s dry bulk sea freight index dropped to its lowest level in more than two yea...
China Return to Action Could Trigger a Freight Market Rebound
Categories: News Flash
Date: Feb 03, 2023
China’s reopening after the Lunar New Year celebrations, is expected to offer a boost in the frei...
India's Cochin shipyard commences construction process for 2 ships for Germany
Categories: News Flash
Date: Feb 03, 2023
The ceremonial 'steel cutting' was performed for two 7000-ton vessels being built by India's govern...
India Seeks Public-Private Partnership (PPP) In Coastal Shipping
Categories: News Flash
Date: Feb 03, 2023
On February 1, the Indian government announced its plan to invest in coastal shipping. As per the l...
India export prices stay high on strong demand, limited supply
Categories: News Flash
Date: Feb 03, 2023
Rice export prices from India rose to their highest level since April 2021 this week, aided by firm...
Dredging Corporation of India signs historic agreement with IWAI
Categories: News Flash
Date: Feb 03, 2023
Dredging Corporation of India (DCI) signed a historic agreement with Inland Waterways Authority of ...
0.5% VLSFO premium spikes to six-month high
Categories: News Flash
Date: Feb 02, 2023
The spot cash premium for 0.5% very low sulphur fuel oil (VLSFO) surged to a six-month high on Wedn...
Argus launches world’s first biofuel blended ship bunker price
Categories: News Flash
Date: Feb 02, 2023
Global energy and commodity price reporting agency Argus today launched the world’s first indepen...
Great Eastern Shipping Company consolidated net profit rises 205.52% in the December 2022 quarter
Categories: News Flash
Date: Feb 02, 2023
Net profit of Great Eastern Shipping Company rose 205.52% to Rs 627.20 crore in the quarter ended D...
Baltic index falls to over 2-year low as larger vessel rates slide
Categories: News Flash
Date: Feb 02, 2023
he Baltic Exchange’s dry bulk sea freight index fell to its lowest since June 2020, weighed by we...
Wartsila sees energy transition ramp up in shipping amid wider energy shifts
Categories: News Flash
Date: Feb 02, 2023
The shift to greener fuels in shipping is gathering pace, with a almost a third of orders reflectin...
Western tankers ramp up Russian oil shipments under price cap
Categories: News Flash
Date: Feb 02, 2023
Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s ...
Significant Fall in Ships Sold for Scrap During 2022
Categories: News Flash
Date: Feb 02, 2023
According to new data released today by the NGO Shipbreaking Platform, 443 ocean-going commercial s...
India to remain fastest growing major economy at above 6% growth
Categories: News Flash
Date: Feb 02, 2023
The Indian economy is expected to grow in the range of six per cent to 6.8 per cent in the coming f...
Economic Survey 2023 pushes for cargo movement through water bodies, ports
Categories: News Flash
Date: Feb 02, 2023
Expansion of port capacity and development of inland waterways in India over the next few years wil...
Suez Canal tugs working to move broken down tanker, shipping traffic unaffected
Categories: News Flash
Date: Feb 02, 2023
Suez Canal tugboats are working to move a broken down LNG tanker called Grace Emilia on Wednesday, ...
Baltic index logs worst month in 3 years on lower vessel demand
Categories: News Flash
Date: Feb 01, 2023
The Baltic Exchange’s main sea freight index registered its biggest monthly percentage fall in th...
Olympic Shipping and Management SA is GCMD’s first Greek ship owner / manager centre-level partner
Categories: News Flash
Date: Feb 01, 2023
The Global Centre for Maritime Decarbonisation (GCMD) and Olympic Shipping and Management SA (OSM) ...
Seri Damai and Seri Daya, latest sister vessels to join MISC’s eco-efficient Lng carrier fleet
Categories: News Flash
Date: Feb 01, 2023
MISC (MISC or the Group) today welcomes two of its latest new generation of Liquefied Natural Gas (...
New Norwegian consortium sets sights on developing complete hydrogen value chain for maritime sector
Categories: News Flash
Date: Feb 01, 2023
The multidisciplinary collaboration, for which a Memorandum of Understanding (MOU) was signed last ...
Record-Breaking Fall In Long-Term Rates For Ocean Freight, As Carriers Brace For Stormy 2023
Categories: News Flash
Date: Feb 01, 2023
January proved to be a dramatic month for long-term ocean freight rates, with the latest data from ...
India plans measures to curb Chinese imports as trade gap concerns mount
Categories: News Flash
Date: Feb 01, 2023
India is considering a number of tariffs and non-tariff steps to cut imports of non-essential consu...
India sees GDP growth slowing on global weakness
Categories: News Flash
Date: Feb 01, 2023
India forecast economic growth of 6% to 6.8% in the 2023/24 fiscal year, slowing from the 7% growth...
MEO Group migrates entire fleet to Marlink’s smart network solution to accelerate digitalisation
Categories: News Flash
Date: Feb 01, 2023
Marlink, the smart network solutions company, is implementing a fleet-wide migration of its smart m...
WinGD and CMB.TECH co-develop large ammonia-fuelled engine
Categories: News Flash
Date: Feb 01, 2023
WinGD and CMB.TECH bring combined expertise to zero-carbon fuel technology in groundbreaking collab...
Grain flows ease on month as inspection delays remain unresolved
Categories: News Flash
Date: Feb 01, 2023
Seaborne flows through the Black Sea grain corridor have averaged 102,051 mt/d over Jan. 1-28, 15% ...
Terminal operators, shipping lines urged to forgo charges
Categories: News Flash
Date: Jan 31, 2023
Almost 90 per cent out of over 5,700 stuck-up containers are lying at the private terminals and the...