News Flash
Saudi’s Mawani announces new shipping service to boost India trade
Categories: News Flash
Date: Dec 13, 2022
The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port in Dammam to t...
Product Tankers: Middle East and US to the EU Will be a Dominant Trade Route Moving Forward
Categories: News Flash
Date: Dec 13, 2022
The product tanker market is expected to benefit significantly from the sanctions imposed on Russia...
2023 Seaborne Coal Imports Could Add Pressure on the Dry Bulk Market
Categories: News Flash
Date: Dec 13, 2022
Demand for seaborne coal cargoes could take a hit during 2023, exerting pressure on the dry bulk ma...
California Long Ruled U.S. Shipping. Importers Are Drifting East
Categories: News Flash
Date: Dec 13, 2022
Sharpie maker Newell Brands Inc. is opening distribution centers in Pennsylvania and North Carolina...
MOL Selected for Inclusion in ‘Dow Jones Sustainability Asia/Pacific Index’- Reflects High Regard for Company’s ESG Initiatives
Categories: News Flash
Date: Dec 13, 2022
Mitsui O.S.K. Lines, Ltd. announced that it has been selected for inclusion in the ‘Dow Jones Sus...
Mitsui OSK Lines implements Marlink smart hybrid connectivity including Starlink LEO services
Categories: News Flash
Date: Dec 13, 2022
Marlink, the smart network solutions company, will deploy its hybrid connectivity solutions on sele...
Ukraine port of Odesa not operating after Russian drone attack on energy facilities
Categories: News Flash
Date: Dec 12, 2022
The Ukrainian port of Odesa was not operating on Sunday after the latest Russian attack on the regi...
China’s surprise COVID pivot offers new hope to shipping markets
Categories: News Flash
Date: Dec 12, 2022
Shipping stocks swooned when Chinese protesters took to the streets. But the civil unrest is turnin...
North America container import rates plummet from record highs amid peak season flop
Categories: News Flash
Date: Dec 12, 2022
Container shipping rates for North American imports have plummeted since the start of the year, wit...
China slowdown sounds alarm bells for dry bulk market
Categories: News Flash
Date: Dec 12, 2022
Stormy seas lie ahead for the dry bulk market as the shipping industry comes to terms with the new ...
UN shipping agency inches towards 2030 emission reduction goal
Categories: News Flash
Date: Dec 12, 2022
This week’s round of technical talks at the UN’s maritime regulator showed countries are prepar...
Dry Bulk Market: Capesizes Rise Again
Categories: News Flash
Date: Dec 12, 2022
Capesize The Capesize market was positive over the week, rising in excess of $1,200 to close at ...
Product Tankers: Middle East and US to the EU Will be a Dominant Trade Route Moving Forward
Categories: News Flash
Date: Dec 12, 2022
The product tanker market is expected to benefit significantly from the sanctions imposed on Russia...
India Nov thermal coal imports at 10 month-low as local output soars
Categories: News Flash
Date: Dec 12, 2022
India’s thermal coal imports fell to the lowest levels in 10 months during November, data from co...
S. Korea: More LNG Carrier Orders Anticipated Next Year
Categories: News Flash
Date: Dec 12, 2022
Mozambique is resuming its LNG development project and contracts of Hyundai Samho Heavy Industries ...
G7 Russian oil price cap evolves from revenue squeeze to market anchor
Categories: News Flash
Date: Dec 12, 2022
When U.S. officials first floated the idea of capping Russian oil export prices in response to a pl...
Shipowner Decarbonisation Survey Identifies ‘Collaboration Crisis’
Categories: News Flash
Date: Dec 09, 2022
A survey of shipowners conducted by design and engineering consultancy, Houlder, has highlighted th...
Turkey says will hold tankers for checks despite queue to pass Bosphorus
Categories: News Flash
Date: Dec 09, 2022
Turkey’s maritime authority said on Thursday it would continue to block oil tankers without appro...
Dry bulk market seen set to remain invested in traditional bunker fuels for next 5 years
Categories: News Flash
Date: Dec 09, 2022
Despite the push for decarbonization and alternative carbon-neutral fuels in the maritime sector, o...
Spot rates out of Far East almost 2000 USD cheaper per FEU than long-term rates in dramatic turnaround
Categories: News Flash
Date: Dec 09, 2022
The ocean freight rates landscape in the Far East has been completely redrawn since the start of th...
PPA S.A.: Infrastructure upgrade and reconstruction works at the Perama Ship Repair Zone successfully completed
Categories: News Flash
Date: Dec 09, 2022
PPA S.A. announces the successful completion of large-scale infrastructure upgrade works at the Eas...
India Debates Specific Law For Maritime Piracy
Categories: News Flash
Date: Dec 09, 2022
A bill that seeks to come up with a law to adequately deal with piracy in international waters was ...
AD Ports Group signs partnership agreement with Agthia Group
Categories: News Flash
Date: Dec 09, 2022
Agthia Group, one of the region’s leading food and beverage companies, today announced that it ha...
Harbor Lab secures €6.1 million in seed funding to help shipping companies better manage port expenses
Categories: News Flash
Date: Dec 09, 2022
Maritime tech startup, Harbor Lab, has secured €6.1 million in funding to further develop its shi...
Marlow Strengthens Offshore Division
Categories: News Flash
Date: Dec 09, 2022
The latest initiative gathers all offshore related ship management activities from within the Group...
Nor-Shipping targets renewable potential with first Norwegian Offshore Wind pavilion
Categories: News Flash
Date: Dec 09, 2022
Nor-Shipping has announced that its 2023 event, taking place in Oslo and Lillestrøm, 6-9 June, wil...
Coast Guard faults pilot in Chesapeake Bay ship grounding
Categories: News Flash
Date: Dec 08, 2022
A Coast Guard investigation into the grounding in March of a cargo ship in the Chesapeake Bay fault...
Shipping industry and unions sign MOU to preserve cooperative spirit of pandemic
Categories: News Flash
Date: Dec 08, 2022
Unions representing seafarers and maritime employer groups have come together to sign a new memoran...
INTERCARGO Statement on IMO Decarbonisation Ambitions, Medium-Term Measures and Carbon Intensity Indicators
Categories: News Flash
Date: Dec 08, 2022
INTERCARGO continues to fully support the ambition to achieve net zero emission shipping by 2050. I...
Russia is concerned over oil tankers build-up in Bosphorus
Categories: News Flash
Date: Dec 08, 2022
Russia is concerned about a build-up of oil tankers in the Bosphorus Strait and is discussing the i...
Global Maritime Forum report lays out action plan for shipping’s long-term challenges and opportunities
Categories: News Flash
Date: Dec 08, 2022
The key message that echoed across the discussions was that the maritime sector must not lose the d...
Global container volumes fall 9.3% y/y as historic growth cycle ends
Categories: News Flash
Date: Dec 08, 2022
From mid-2020, global container export volumes saw strong growth, and combined with increasing port...