News Flash
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 ...
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...
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 ...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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 ...
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 ...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...