News Flash
Annual Stats Report: Another positive year for marine insurers
Categories: News Flash
Date: Dec 02, 2022
Yesterday – 01 December 2022 – the International Union of Marine Insurance (IUMI) releases its ...
Russia seeks to boost acceptance of its shipping insurance to dodge oil cap
Categories: News Flash
Date: Dec 02, 2022
Moscow is seeking to bolster the recognition of Russian maritime cargo insurance to allow it to shi...
India: Govt readies ambitious plan to lift sagging exports
Categories: News Flash
Date: Nov 29, 2022
The commerce ministry has devised a multi-pronged plan that includes offering incentives and explor...
China’s iron ore traders seek low-cost Indian supplies as steel margins slump
Categories: News Flash
Date: Nov 29, 2022
China is set to snap up significant volumes of low-grade Indian iron ore in coming weeks, as Chines...
Black Sea Region Could Add Further Support to the Dry Bulk Market in the Coming Months
Categories: News Flash
Date: Nov 29, 2022
The dry bulk market could receive a boost from the existing condition in the Black Sea grain market...
Shipbuilders vie to dominate autonomous navigation market
Categories: News Flash
Date: Nov 29, 2022
Competition is heating up among Korea’s three largest shipbuilders to dominate the rapidly growin...
Jinhui Expects Low Dry Bulk Vessel Orders, as Regulatory Environment Remains Uncertain
Categories: News Flash
Date: Nov 29, 2022
INTERIM DIVIDEND The Board has resolved not to recommend the payment of any interim dividend for...
Russia oil turmoil seen driving tanker market higher
Categories: News Flash
Date: Nov 29, 2022
Tough new sanctions on Russian oil shipments taking effect from December are likely to boost alread...
InterManager welcomes IMO commitment to address enclosed space risks
Categories: News Flash
Date: Nov 29, 2022
InterManager has welcomed a commitment by the International Maritime Organization (IMO) to review g...
Baltic index hits over 2-week peak on firm demand for larger vessels
Categories: News Flash
Date: Nov 29, 2022
The Baltic Exchange’s dry bulk sea freight index rose to a more than two-week high on Monday, sup...
Across China: Captains set sail on upper section of Yangtze with upgraded facilities
Categories: News Flash
Date: Nov 29, 2022
As a child, Liu Jie was already acquainted with life on the Jinsha River, the upper section of the ...
Ammonia Fueled Bulk Carrier Obtained AiP from Classification Society ClassNK
Categories: News Flash
Date: Nov 29, 2022
Kawasaki Kisen Kaisha, Ltd. (“K” Line) announced today that, together with ITOCHU Corporation, ...
Tankers: VLCCs Down, but Product Tankers Up This Week
Categories: News Flash
Date: Nov 28, 2022
Clean The market has generally seen improvements all round this week. This was reflected in the ...
China and India easing away from Russian crude oil may be temporary
Categories: News Flash
Date: Nov 28, 2022
There are signs that China and India are pulling back from buying Russian crude oil ahead of the Gr...
India: Government To Monetize 9 Majors Ports Between FY22-25 Under NMP
Categories: News Flash
Date: Nov 28, 2022
The Government of India is prioritizing maritime development to enable ports to identify and resolv...
Visakha Container Terminal sets new record in productivity
Categories: News Flash
Date: Nov 28, 2022
Visakha Container Terminal set a record on November 17, 2022, where its highest productivity to dat...
UAE set sights on 50mln containers by 2032
Categories: News Flash
Date: Nov 28, 2022
The UAE will continue to promote its shipping sector as it recognising the critical role of the mar...
Enagas says LNG backlog at Spanish ports has eased
Categories: News Flash
Date: Nov 28, 2022
Spanish gas grid operator Enagas said on Friday a backlog at its terminals that had forced it to wa...
Russia denies slowing inspections for Ukraine grain ships
Categories: News Flash
Date: Nov 28, 2022
Russia’s ambassador to Turkey said on Friday that Moscow sends its representatives to more ship i...
Robust Aframax rates lure LR2 tankers into dirty market
Categories: News Flash
Date: Nov 28, 2022
Strong Aframax freight rates for hauling crude and fuel oil are luring clean Long Range II, or LR2,...
Methanol as an alternative fuel for container vessels
Categories: News Flash
Date: Nov 28, 2022
Methanol holds significant potential as a future ship fuel and has recently emerged as a major topi...
Older Tankers in High Demand
Categories: News Flash
Date: Nov 28, 2022
Demand for tankers aged from 15-years and older have been in high demand in the secondhand market. ...
Newbuilding Activity Picks Up
Categories: News Flash
Date: Nov 24, 2022
Newbuilding ordering activity kept up its rising trend over the course of the previous week. In its...
HHI Group’s 3 Shipbuilding Affiliates to Go on Strike in December
Categories: News Flash
Date: Nov 24, 2022
The labor unions of HHI Group’s three shipbuilding companies — Hyundai Heavy Industries, Hyunda...
Indian Tycoon Adani’s Mega Port Hangs In The Balance As A Fishing Community Protests
Categories: News Flash
Date: Nov 24, 2022
On the main road to billionaire Gautam Adani’s planned Vizhinjam mega port on the southern tip of...
OC1 Schedule adjustment Olga Maersk 247N Port Chalmers Port Omission
Categories: News Flash
Date: Nov 24, 2022
Due to operational delays, it has been confirmed that OLGA MAERSK 247N will omit Port Chalmers for ...
Southern California’s Container Ship Backup Ends
Categories: News Flash
Date: Nov 24, 2022
Officials declared an end to the backup of ships at Southern California’s ports more than two yea...
S. Korea: Transport Workers to Support Truckers’ Walkout by Not Offering Shipping Alternative
Categories: News Flash
Date: Nov 24, 2022
A transport workers’ union of the Korean Confederation of Trade Unions has decided to support the...
The Role of Methanol in Shipping’s Energy Transition Explored at First London Methanol Summit
Categories: News Flash
Date: Nov 24, 2022
Leading players in the maritime industry joined ABS and the Methanol Institute (MI) for a deep dive...
Russian oil moving to Asia on older vessels elevates shipping risks: Trafigura CEO
Categories: News Flash
Date: Nov 24, 2022
The global oil market has witnessed the mushrooming of smaller trading firms who are moving Russian...
Momentous changes in the cargo ship fleet
Categories: News Flash
Date: Nov 24, 2022
Asteady growth trend has evolved in the world merchant ship fleet during the past few years. But th...
Baltic index snaps 9-day losing streak on capesize gains
Categories: News Flash
Date: Nov 24, 2022
The Baltic Exchange’s dry bulk sea freight index rose on Wednesday for the first time in ten sess...