News Flash

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As Shipping Companies Brace For New Emissions Rules, Bearing Launches AI Product To Predict And Manage Impact

Categories: News Flash

Date: Aug 26, 2022

New environmental regulations are poised to reshape the economics of maritime shipping. Bearing is ...

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Oil Product Stocks Drop To 8-Week Low As Demand Picks Up

Categories: News Flash

Date: Aug 26, 2022

Oil product stockpiles at the UAE’s Port of Fujairah fell to an eight-week low led by a 14% decli...

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Crisis-Stricken Sri Lanka Bans Import Of 300 Consumer Goods Items

Categories: News Flash

Date: Aug 25, 2022

The cash-strapped Sri Lankan government has slapped a ban on the import of 300 consumer items like ...

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Panama Canal Alerts Ships To Go Slow To Protect Marine Life

Categories: News Flash

Date: Aug 25, 2022

THE Panama Canal authority has initiated seasonal traffic lanes and speed limits, which it hopes wi...

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Oil Prices Rebound On Renewed Supply Worries

Categories: News Flash

Date: Aug 25, 2022

The energy sector is pointing to a higher start, backed by strength in the crude complex and major ...

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Tropical Storm Ma-On Headed For Southeastern China

Categories: News Flash

Date: Aug 25, 2022

Tropical Storm Ma-on was gaining strength as it headed for Hong Kong and other parts of southeaster...

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Renewable Energy Lifting Ops Covered In IMCA Guidance

Categories: News Flash

Date: Aug 25, 2022

The International Marine Contractors Association’s (IMCA’s) ‘Guidelines for lifting operation...

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P&O Maritime Logistics Expands Its Cargo Transport Service With New Contract For Containerised Cargo Transport Across The Red Sea

Categories: News Flash

Date: Aug 25, 2022

P&O Maritime Logistics will help debottleneck customer supply chains by ensuring there is a fas...

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DNV Launches New Class Notation For Enhanced Tailshaft Condition Monitoring And Performance

Categories: News Flash

Date: Aug 25, 2022

With its TMON(Oil lubricated, +) notation, DNV becomes the world’s first classification society t...

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Performance Shipping Inc. Announces Agreement To Acquire Seventh Vessel; Its First LR2 Aframax Oil Product Tanker

Categories: News Flash

Date: Aug 25, 2022

Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping compan...

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Gold Price Today: Yellow Metal Extends Gains In Choppy Trade, Silver Falls

Categories: News Flash

Date: Aug 25, 2022

Domestic gold prices extended gains on Wednesday amid negative trends in global markets. Global gol...

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Pandemic Sets Back Asia-Pacific’s Poverty Fight By 2 Years

Categories: News Flash

Date: Aug 25, 2022

The pandemic has set back the fight against poverty in the Asia-Pacific region by at least two year...

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Indian Coast Guard Hands Over 32 Rescued Fishermen To Bangladesh

Categories: News Flash

Date: Aug 24, 2022

The Indian Coast Guard Ship Varad on Tuesday formally handed over all 32 rescued Bangladeshi fisher...

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Dockworker Strikes At Northern European Ports Add To Supply Chain Disruption

Categories: News Flash

Date: Aug 24, 2022

European supply chains are set for further disruption as transport unions step up industrial action...

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Funding For Cadets Boosted To £43 Million Pounds Over Next Two Years To Help Build The Maritime Sector

Categories: News Flash

Date: Aug 24, 2022

The future of maritime has been given a massive funding boost by the UK Government with an increase...

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Up From The Deep: AAL Lifts Two Sunken Tugs From The Bottom Of The Mersey River In Tasmania

Categories: News Flash

Date: Aug 24, 2022

AAL Shipping (AAL) has undertaken a salvage operation to remove two tugs from the Mersey River in D...

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Capesize, Supramax Gains Buoy Baltic Sea Freight Index

Categories: News Flash

Date: Aug 24, 2022

The Baltic Exchange’s main sea freight index was little changed on Tuesday, as capesize and supra...

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Shippers Unlikely To See Lower Insurance Premiums Despite Lesser Indian Ocean Piracy Risk

Categories: News Flash

Date: Aug 24, 2022

Shipowners and charterers carrying commodities in the Indian Ocean are unlikely to see lower insura...

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CSM Agrees Exclusive Crew Training Deal With Nautilus Pacific Maritime Training In Manila

Categories: News Flash

Date: Aug 24, 2022

Columbia Shipmanagement has underlined its commitment to top level training of its crew by signing ...

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Nearly Two-Thirds Of Europe Facing Drought Or Drought Risk

Categories: News Flash

Date: Aug 24, 2022

Nearly two-thirds of European territory is in a state of drought alert or warning due to heatwaves ...

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Oil Jumps Nearly 4% On Possible OPEC+ Supply Tightening

Categories: News Flash

Date: Aug 24, 2022

Oil prices surged by nearly 4% on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts ...

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Majority of Traders Now See Fed Raising Rates By 75 Bps In September

Categories: News Flash

Date: Aug 24, 2022

A majority of market participants now expect the Federal Reserve to raise rates by 75 basis points ...

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India's 1st Indigenous Aircraft Carrier 'Vikrant' To Be Commissioned On September 2

Categories: News Flash

Date: Aug 23, 2022

Prime Minister Narendra Modi will commission the country's first indigenously-built aircraft carrie...

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Indian Navy Prepares For Women At Sea

Categories: News Flash

Date: Aug 23, 2022

INS Chilka, the navy’s basic training establishment in Odisha, is undergoing a transformation ahe...

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India, Iran Sign Lease Agreement In Boost To Chabahar Port Operations

Categories: News Flash

Date: Aug 23, 2022

The Chabahar project in south-eastern Iran is significant as it gives a transit route between India...

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Asia To Spearhead Global Refinery FCCU Capacity Additions Between 2022 And 2026, Says GlobalData

Categories: News Flash

Date: Aug 23, 2022

Asia is expected to register the highest refinery Fluid Catalytic Cracking Units (FCCU) capacity ad...

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TTI Algeciras Operates A 20,000 TEU Megaship Of COSCO, The Largest To Date

Categories: News Flash

Date: Aug 23, 2022

COSCO’s containership COSCO SHIPPING TAURUS has called for the first time at the TTI ALGECIRAS te...

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Baltic Index Dips Further As Demand Weakens For Larger Vessels

Categories: News Flash

Date: Aug 23, 2022

The Baltic Exchange’s main sea freight index extended its slide on Monday, hitting a fresh 18-mon...

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Shipping Industry To Remove The Indian Ocean High Risk Area

Categories: News Flash

Date: Aug 23, 2022

After more than a decade of effective threat-reducing counter-piracy operations the shipping indust...

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Performance Shipping Inc. Announces Termination Of ATM Offering

Categories: News Flash

Date: Aug 23, 2022

Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping compan...

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As Inflation Soars, Access To Indigenous Foods Declines

Categories: News Flash

Date: Aug 23, 2022

Blueberry bison tamales, harvest salad with mixed greens, creamy carrot and wild rice soup, roasted...

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Global Extreme Weather Patterns Impact Shipbuilding

Categories: News Flash

Date: Aug 23, 2022

The heatwave experienced in parts of the world has seen temperatures of between 40 – 42C recently...