News Flash
Russian coal exports fall 7.0% as EU sanctions bite, tonne miles up
Categories: News Flash
Date: Oct 21, 2022
As a part of European Union sanctions against Russia, the block banned coal imports from Russia sta...
Baltic index slips on lower capesize rates
Categories: News Flash
Date: Oct 21, 2022
The Baltic Exchange’s dry bulk sea freight index (.BADI) fell for the second straight session on ...
CMA D. ARGOUDELIS & CO S.A. Acquired 2 New ISO Certificates from the EUROCERT
Categories: News Flash
Date: Oct 21, 2022
Auditing and certification as per ISO 22301:2019 & 27001:2013 was carried out by EUROCERT Quali...
LNG Tanker Market the “Star” of 2022
Categories: News Flash
Date: Oct 21, 2022
What was the container shipping segment in 2021, proves to be the case for the LNG tanker market th...
Indian Register of Shipping expands footprint in South-East Asia with RO authorisation from Philippines maritime flag administration
Categories: News Flash
Date: Oct 19, 2022
Leading classification society, the Indian Register of Shipping (IRS), has signed a Recognised Orga...
Major UAE Organisations to Participate in WUWM Abu Dhabi 2022
Categories: News Flash
Date: Oct 19, 2022
Organisations from across the nation are set to participate in the World Union of Wholesale Markets...
Wärtsilä continues to speed energy transition with biogas upgrading and liquefaction solution for a new bioLNG plant for Sweden
Categories: News Flash
Date: Oct 19, 2022
The technology group Wärtsilä will supply a biogas upgrading and liquefaction solution for a new ...
Methanol Engines Continue Rise with Major Order
Categories: News Flash
Date: Oct 19, 2022
Hyundai’s shipbuilding division (HHI-SBD) has ordered 6 × MAN B&W G95ME-C10.5-LGIM dual-fuel...
NYK Presents Its Efforts for the Introduction of Ammonia as Marine Fuel at Two International Conferences
Categories: News Flash
Date: Oct 19, 2022
NYK recently participated in two conferences held as part of Tokyo GX Week* to talk about the possi...
DHL: Ocean freight rate moving towards manageable levels
Categories: News Flash
Date: Oct 19, 2022
The DHL Ocean Freight Market Update report is now available. Below are highlights of the latest dev...
Dozens of LNG-laden ships queue off Europe’s coasts unable to unload
Categories: News Flash
Date: Oct 19, 2022
Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to sec...
Shipping Confidence Drops From Historic Highs
Categories: News Flash
Date: Oct 19, 2022
The last time we took the Shipping Confidence survey to market, Russia had not yet invaded Ukraine....
Gains for larger vessels perk up Baltic dry bulk index
Categories: News Flash
Date: Oct 19, 2022
The Baltic Exchange’s dry bulk sea freight index (.BADI), tracking rates for ships carrying dry b...
Orders for LNG ships surge as demand rise from energy-starved Europe
Categories: News Flash
Date: Oct 19, 2022
China’s shipbuilders, accounting for about a 50-percent global market share, are working around t...
AD Ports Group Conducts Workshop on Marine Ecosystems across Red Sea and Arabian Gulf
Categories: News Flash
Date: Oct 18, 2022
Enhancing commitment to exploring the marine ecosystem of the Red Sea, specifically its coastal cor...
Port of Antwerp-Bruges: slight growth despite ongoing challenges
Categories: News Flash
Date: Oct 18, 2022
After nine months, the total throughput of Port of Antwerp-Bruges was 217.4 million tonnes, a sligh...
Ports decongestion to avert price hikes: solon
Categories: News Flash
Date: Oct 18, 2022
A lawmaker on Monday said decongesting ports and ensuring faster shipping of goods would avert pric...
U.S. approves LNG shipping waiver for Puerto Rico after hurricane
Categories: News Flash
Date: Oct 18, 2022
The Biden administration late on Sunday approved a waiver of U.S. shipping rules to address Puerto ...
Rosneft moves into tanker chartering as EU ban looms
Categories: News Flash
Date: Oct 18, 2022
Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shi...
Baltic index ticks up on gains in larger vessels
Categories: News Flash
Date: Oct 18, 2022
The Baltic Exchange’s dry bulk sea freight index (.BADI), tracking rates for ships carrying dry b...
LR to investigate Pilbara potential for ammonia bunkering
Categories: News Flash
Date: Oct 18, 2022
Lloyd’s Register (LR), the global professional services organisation specialising in maritime eng...
CB&I joins Daewoo shipyard project to apply liquid hydrogen storage tanks to ships
Categories: News Flash
Date: Oct 18, 2022
CB&I, a U.S. designer and builder of storage facilities, tanks and terminals, joined hands with...
Wärtsilä to integrate Voyage business with Marine Power to strengthen end-to-end offering and to accelerate turnaround
Categories: News Flash
Date: Oct 18, 2022
Wärtsilä Corporation strengthens its lifecycle offering by integrating the Voyage business into M...
India: ‘Import of thermal coal in the country to be completely stopped by 2024-2025’
Categories: News Flash
Date: Oct 18, 2022
Import of thermal coal in the country will be stopped completely by 2014-25, said Union minister of...
Shipping market outlook – Container vs Dry bulk: Q3 2022 update
Categories: News Flash
Date: Oct 17, 2022
Volatile path to lower freight rates in near term before recovering in late 2023 with regulation im...
Dry Bulk Market Softens This Week
Categories: News Flash
Date: Oct 17, 2022
Capesize The Capesize market softened this week as a lack of fresh cargo and activity, particula...
Bangladesh: Shipbreaking slumps by half amid lower imports
Categories: News Flash
Date: Oct 17, 2022
Scrap vessel imports slumped by half in the first nine months of the year as Bangladesh Bank is dis...
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
Categories: News Flash
Date: Oct 17, 2022
The Suez Canal achieved the highest return of about US$7 billion in the fiscal year 2021/2022, and ...
Shipping lines still raking in billions despite sinking cargo demand
Categories: News Flash
Date: Oct 17, 2022
There’s no shortage of schadenfreude toward shipping lines these days. After making hundreds of b...
Tankers: VLCC Recover Lost Ground
Categories: News Flash
Date: Oct 17, 2022
In the Middle East Gulf this week early activity saw rates begin to creep up. TC1 gained 26.87 poin...
Bunker industry gearing up for de-commoditization as shipping decarbonizes
Categories: News Flash
Date: Oct 17, 2022
The bunker industry is set to undergo de-commoditization as it transitions toward a cost-plus model...
Tanker Market’s Course to be Determined By Demand, Not Supply says Shipbroker
Categories: News Flash
Date: Oct 17, 2022
OPEC’s decision to move ahead with significant oil production cuts, will add pressure to the tank...