News Flash
India’s GAIL declines Sefe compensation for cancelled LNG cargoes
Categories: News Flash
Date: Nov 14, 2022
GAIL (India) Ltd has turned down a compensation offer for undelivered liquefied natural gas (LNG) f...
India’s Indo-Pacific Economic Framework membership will strengthen region
Categories: News Flash
Date: Nov 14, 2022
India’s membership in the Indo-Pacific Economic Framework (IPEF) will make supply chains resilien...
Indian sailors detained in Equatorial Guinea send SOS
Categories: News Flash
Date: Nov 14, 2022
Sixteen Indians, who have been in the custody of Equatorial Guinea’s navy for three months, have ...
Baltic index slips as capesizes fall; posts first weekly rise in five
Categories: News Flash
Date: Nov 12, 2022
The Baltic Exchange’s dry bulk sea freight index (.BADI) marked its first weekly gain in five, ev...
Shipping in COP27’s sights
Categories: News Flash
Date: Nov 12, 2022
As world leaders gathered in Sharm el-Sheikh, Egypt, for COP27 on November 7-8, emissions from ship...
Russian oil cap doubts spur insurer fears of ships left at sea
Categories: News Flash
Date: Nov 12, 2022
Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an ...
USA LPG Exports to Europe Have Grown By 54.8% This Year
Categories: News Flash
Date: Nov 12, 2022
The LPG shipping market has experienced considerable growth this year, with global exports growing ...
DP World launches newest technology innovation centre in India
Categories: News Flash
Date: Nov 11, 2022
DP World has opened a new technology centre in Gurgaon, India, its third this year, confirming the ...
Adani Ports acquires 49.38% stake in Indian Oil tanking Ltd for Rs 1,050 Cr
Categories: News Flash
Date: Nov 11, 2022
Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has ente...
A.P. Moller – Maersk to open doors to a new 100,000 sq. ft warehouse at Chattogram, Bangladesh
Categories: News Flash
Date: Nov 11, 2022
A.P. Moller – Maersk (Maersk), the integrated logistics company, is expanding its warehousing foo...
India’s Petronet runs Dahej terminal at above 80% of capacity
Categories: News Flash
Date: Nov 11, 2022
India’s top gas importer, Petronet LNG Ltd, is running its western import terminal of Dahej at mo...
Gujarat Pipavav Port consolidated net profit rises 58.37% in the September 2022 quarter
Categories: News Flash
Date: Nov 11, 2022
Net profit of Gujarat Pipavav Port rose 58.37% to Rs 72.12 crore in the quarter ended September 202...
Industry body MASSA flags training issues for maritime manning sector
Categories: News Flash
Date: Nov 11, 2022
Λack of adequate shipboard training berths is a big challenge for the domestic maritime manning se...
ICS and ISSA offer a helping hand with recycling regulations
Categories: News Flash
Date: Nov 11, 2022
The International Chamber of Shipping (ICS), the International Shipsuppliers & Services Associa...
Drewry urges shippers to start planning for decarbonisation in shipping, warns of up to $14 billion in extra costs
Categories: News Flash
Date: Nov 11, 2022
The imperative to decarbonise the global shipping industry is clear and present, however, many of t...
Baltic index edges lower as smaller vessels weigh
Categories: News Flash
Date: Nov 11, 2022
The Baltic Exchange’s dry bulk sea freight index (.BADI) edged down on Thursday to snap a four-se...
Tanker Market Revival Could Prompt More Ship Acquisitions
Categories: News Flash
Date: Nov 11, 2022
Tanker owners could be prompted to sell a part of their fleet in order to take advantage of the exi...
Energy shipping boom: Propane tankers breach $100,000 a day
Categories: News Flash
Date: Nov 09, 2022
Fossil-fuel shipping is going from strength to strength and shows no signs of peaking. Rates for so...
Depots to face the brunt of container surplus well into 2023; demand for containers to bounce back in long-term
Categories: News Flash
Date: Nov 09, 2022
The industry is witnessing a major slump in the order-to-inventory ratio with high inventories but ...
Ship Demolition Continues its Lackluster Trajectory
Categories: News Flash
Date: Nov 09, 2022
The ship recycling market has continued to show a lack of activity over the past week. In its lates...
India: Govt may give time to local vessels before fixing age limits for operation
Categories: News Flash
Date: Nov 09, 2022
Even as the government looks to fix age limits for ships operating in Indian waters, to ensure over...
Fate of Indian sailors aboard oil carrier seized by Equatorial Guinea Navy hangs in the balance
Categories: News Flash
Date: Nov 09, 2022
The fate of Indian sailors of the Norwegian-flagged very large crude oil carrier MT Heroic Idu...
Ships carrying $2 billion in natural gas are waiting off Europe’s coast for prices to rise so they can cash in, report says
Categories: News Flash
Date: Nov 08, 2022
More than 30 tankers carrying liquefied natural gas are idling off Europe’s coast as traders hold...
SHIPPING: Russian oil flow to Asia may not slow on insurance glitch
Categories: News Flash
Date: Nov 08, 2022
Asia’s purchase of Russian crude is unlikely to be deterred by issues relating to insurance after...
Inflation stalks vessel operating costs
Categories: News Flash
Date: Nov 08, 2022
Vessel operating cost inflation has accelerated in 2022 on mounting worldwide macroeconomic price p...
Baltic index up as capesizes hit one-week high
Categories: News Flash
Date: Nov 08, 2022
The Baltic Exchange’s dry bulk sea freight index (.BADI) rose on Monday as higher demand for cape...
Iraq approves 2-year funds for Faw port project
Categories: News Flash
Date: Nov 08, 2022
Iraq has approved two-year budget allocations for the completion of the multi-billion-dollar Al Faw...
Tankers: Diesel Shortages in the EU and the US Could Generate more Cargoes from Asia
Categories: News Flash
Date: Nov 08, 2022
One of the main shortages caused by the existing conditions in the energy markets and the looming s...
Sri Lanka, India discuss common maritime challenges
Categories: News Flash
Date: Nov 07, 2022
The navies of India and Sri Lanka have discussed ways to strengthen bilateral cooperation and actio...
Opportunities for growth increasing in maritime sector, says Sonowal
Categories: News Flash
Date: Nov 07, 2022
Be it Sagaramala, National Logistics Policy or the PM Gati Shakti plan, several important init...
Container handling at Ctg port sees continuous fall for three months
Categories: News Flash
Date: Nov 07, 2022
Revenue collection at Chattogram Customs House has declined as container handling through Chattogra...
The Liberian Registry signs an MoU with HHI, AVIKUS and DNV to develop autonomous ship technology
Categories: News Flash
Date: Nov 07, 2022
The Liberian Registry, the world’s second largest ship registry, signed a memorandum of understan...