News Flash
More liner newcomers quit long-haul box lanes as rates tumble
Categories: News Flash
Date: May 18, 2023
According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker Chi...
MSC and CMA CGM Out in Front in Box Fleet-Building Race
Categories: News Flash
Date: May 18, 2023
MSC’s phenomenal growth over the past two years has largely been driven by acquisition of second-...
BIMCO Predicts Unprecedented Surge in Ship Recycling
Categories: News Flash
Date: May 18, 2023
The global maritime industry is set to witness an extraordinary surge in ship recycling activities ...
Multinational Search for 39 Missing Crew on Capsized Chinese Longliner
Categories: News Flash
Date: May 18, 2023
A multinational search is underway in the Indian Ocean for the crew of a Chinese longliner that cap...
US supply chain woes shift and persist in 2023
Categories: News Flash
Date: May 18, 2023
The U.S. supply chain is healing from early pandemic shocks that sent shipping costs sky rocketing ...
Greece’s Alexandroupolis port gets $26 million EU funding
Categories: News Flash
Date: May 18, 2023
Greece has secured 24 million euros ($26 million) in European Union funding to upgrade its northern...
HSFO eases; Fujairah inventories at six-month high
Categories: News Flash
Date: May 18, 2023
Asia’s high sulphur fuel oil (HSFO) market softened on Wednesday, weighed by higher incoming supp...
bound4blue and Oceanking team up to offer innovative wind-assisted propulsion technology in Greece and Cyprus
Categories: News Flash
Date: May 18, 2023
bound4blue and Oceanking have announced a partnership to jointly expand access to the eSAIL technol...
COSCO SHIPPING to Build the Second 700 TEU Electric Container Ship
Categories: News Flash
Date: May 17, 2023
On May 8, COSCO SHIPPING Heavy Industry (Yangzhou) started to build the second 700 TEU electric con...
Maritime industry called to embrace a robust safety culture to successfully tackle transformations
Categories: News Flash
Date: May 17, 2023
A new report from DNV and Lloyd’s List Intelligence, “Maritime safety trends 2012-2022: Advanci...
NYK Concludes Long-Term Charter Agreement for Four New LNG Carriers with German Energy Giant EnBW
Categories: News Flash
Date: May 17, 2023
NYK has signed long-term charter contracts for four new liquefied natural gas (LNG) carriers with E...
Wrist delivers strong financial result and continues its ambitious M&A strategy
Categories: News Flash
Date: May 17, 2023
The world’s leading marine supplier of provisions and stores, Wrist came out of 2022 with a stron...
Korea’s largest container shipper HMM suffers steep sales losses in Q1
Categories: News Flash
Date: May 17, 2023
HMM, Korea’s largest container shipper, suffered a steep decline in sales and profits in the firs...
VLSFO premium edges up on stronger bids; Western supplies dip
Categories: News Flash
Date: May 17, 2023
Asia’s spot cash premium for very low sulphur fuel oil (VLSFO) climbed on Tuesday amid firmer...
ENGINE: East of Suez Bunker Fuel Availability Outlook
Categories: News Flash
Date: May 17, 2023
HSFO and VLSFO availability is tight in Singapore. Recommended lead times for both grades are about...
Tanker market demand compels owners to rely on more frequent assessments of cargo pump systems
Categories: News Flash
Date: May 17, 2023
With experts predicting the tanker market will see strong growth for years, tanker owners are relyi...
Port Hedland Iron Ore Exports Down 5% in April
Categories: News Flash
Date: May 17, 2023
Pilbara Ports Authority (PPA) has delivered a total monthly throughput of 57.7 million tonnes (Mt) ...
Asian seafarer hubs step up to meet decarbonization challenge
Categories: News Flash
Date: May 17, 2023
The steady progress by key seafarer home nations in Asia, such as the Philippines and Indonesia, to...
South Indian ports fail to attract transshipment business from Colombo
Categories: News Flash
Date: May 16, 2023
The year long economic crisis in Sri Lanka and consequent reduction in business in Colombo port has...
Progress made in US west coast dockworker discussions
Categories: News Flash
Date: May 16, 2023
The International Longshore and Warehouse Union announced 20April that it reached a tentative ...
Chinese state-owned firm to build major Sri Lanka port complex
Categories: News Flash
Date: May 16, 2023
A Chinese state-owned firm said on Monday 1 May it plans to take its investment in Sri L...
Govt gets 9 EoIs for intl transhipment port in Andamans & Nicobar
Categories: News Flash
Date: May 16, 2023
The ports ministry has received expressions of interest (EOIs) from nine players for the Rs 41,...
India still a bright spot for LNG in a subdued market
Categories: News Flash
Date: May 16, 2023
The recent drop in the Platts West India marker to a near two-year low, expectations of a ramp-up i...
Metallurgical coal’s gradual change of guard in spot market influence
Categories: News Flash
Date: May 16, 2023
Shifts in the way a commodity is priced often result from major economic and world events and cokin...
RINA exceeds 660 million in revenue and presents the strategic plan to 2027
Categories: News Flash
Date: May 16, 2023
The shareholders’ meeting of RINA, the multinational inspection, certification and engineering co...
Spot premiums stable; latest Al Zour tender underway
Categories: News Flash
Date: May 16, 2023
Spot cash premiums in Asia’s fuel oil market were stable on Monday amid thin trade, while Kuwait...
Russia’s April seaborne oil product exports down 5% m/m -sources, Reuters calculations
Categories: News Flash
Date: May 16, 2023
Russia’s seaborne oil product exports fell in April by 5% month-on-month on a daily basis, data f...
Singapore April bunker sales hit three-month high on better prices
Categories: News Flash
Date: May 16, 2023
Sales of marine fuel, also known as bunker fuel, hit three-month highs in the world’s biggest ref...
US Unlikely To Sanction South Africa In Russia Weapons Dispute
Categories: News Flash
Date: May 15, 2023
South African Finance Minister Enoch Godongwana said his country had resolved a dispute with t...
Korea Commissions LNG Bunker Vessel with Domestic Containment System
Categories: News Flash
Date: May 15, 2023
South Korea christened its new domestically designed and built liquified natural gas bunker vessel ...
Asian spot LNG prices fall for third straight week to near 2-yr low
Categories: News Flash
Date: May 15, 2023
Asian spot liquefied natural gas (LNG) prices fell for the third straight week on Friday to the low...
DIS Recorded Very Strong Consolidated Results In The First Quarter of 2023, With Net Profit Of Us$ 54.1m, Ebitda Of US$ 76.4m
Categories: News Flash
Date: May 15, 2023
The Board of Directors of d’Amico International Shipping S.A. (Borsa Italiana: “DIS”) (he...