News Flash
HSFO retains strength as bidding flurry continues
Categories: News Flash
Date: Mar 03, 2023
Asia’s high sulphur fuel oil (HSFO) market extended further gains on Thursday amid a flurry of bi...
VIKAND strengthens its clinical leadership team to support growing client base
Categories: News Flash
Date: Mar 03, 2023
Global Healthcare specialist VIKAND, has added two additional Medical Directors to strengthen its c...
Sunken Philippine tanker leaks industrial fuel oil into sea
Categories: News Flash
Date: Mar 03, 2023
A sunken Philippine tanker carrying 800,000 litres (210,000 gallons) of industrial fuel oil has lea...
Container lines still chartering ships despite drop in cargo demand
Categories: News Flash
Date: Mar 03, 2023
With import demand flagging, freight rates falling, the container ship orderbook at record highs a...
Hong Kong fuel oil bunker premiums tumble due to faltering demand, rising competition
Categories: News Flash
Date: Mar 03, 2023
Low and high sulfur fuel oil bunker premiums have fallen in Hong Kong, as rising competition from r...
Changing dynamics lie behind a volatile tanker market outlook
Categories: News Flash
Date: Mar 03, 2023
The first two months of 2023 have seen tanker market fortunes change rapidly, illustrating the vola...
Baltic index hits near two-month high on stronger vessel demand
Categories: News Flash
Date: Mar 03, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
War In Ukraine Has Had a Structural Change In Global Shipping
Categories: News Flash
Date: Mar 03, 2023
Russia’s invasion in Ukraine, a year and a few days ago, has had a profound impact on shipping. I...
China-flagged cargo ship sinks off Russia’s Sakhalin island – TASS
Categories: News Flash
Date: Mar 02, 2023
A China-flagged cargo ship sank in the Strait of Tartary off the coast of Russia’s Sakhalin islan...
Viasat’s buyout of Inmarsat provisionally cleared by UK regulator
Categories: News Flash
Date: Mar 02, 2023
Britain’s competition regulator CMA said on Wednesday it had decided to provisionally clear U.S. ...
India’s IOC releases provisionally hired China-linked VLCC to import Mexican crude
Categories: News Flash
Date: Mar 02, 2023
India’s state-run Indian Oil Corp. has released a VLCC – after being briefly placed on subjects...
International Chamber of Shipping and Suez Canal Authority commit to continue open communication
Categories: News Flash
Date: Mar 02, 2023
The International Chamber of Shipping (ICS) and Suez Canal Authority (SCA) extend landmark agreemen...
HSFO firms on strong bids, while VLSFO extends dip
Categories: News Flash
Date: Mar 02, 2023
Asia’s high sulphur fuel oil (HSFO) market firmed on Wednesday as strong bids emerged on the firs...
Goods barometer declines further, hinting at fourth quarter trade slump
Categories: News Flash
Date: Mar 02, 2023
World merchandise trade growth appears to have lost momentum in the fourth quarter of 2022 and is l...
Performance Shipping Inc. Announces Pricing Of $12.5 Million Registered Direct Offering
Categories: News Flash
Date: Mar 02, 2023
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessel...
Alexandroupolis FSRU project kicks off with conversion works at Keppel shipyard
Categories: News Flash
Date: Mar 02, 2023
The work to develop Greece’s first Floating Storage Regasification Unit (FSRU) commenced recently...
India intensifies oil supply talks with US ahead of further Russian sanction moves
Categories: News Flash
Date: Mar 02, 2023
India has intensified discussions with the US to ensure its oil supply strategy does not encounter ...
Panama And The Philippines Strengthen Relations At The 2023 Philippines Maritime Expo
Categories: News Flash
Date: Mar 02, 2023
The Republic of Panama, through the Panama Maritime Authority (AMP), participated in the “Philipp...
Coastal container feeder service flagged off between Chennai, Pondicherry ports
Categories: News Flash
Date: Feb 28, 2023
Coastal shipping service between the Chennai and Pondicherry Ports began on Monday with container f...
Critical port connectivity projects to get Rs 1 lakh Cr Gati Shakti push
Categories: News Flash
Date: Feb 28, 2023
The Centre has earmarked over ₹1 lakh crore for 100 critical port connectivity projects under the...
Govt bans 25-year-old oil tankers, bulk carriers, and other ships from Indian waters
Categories: News Flash
Date: Feb 28, 2023
The government has decided to ban 25- year-old oil tankers, bulk carriers, and general cargo vessel...
Adani Ports cross 300 million tonnes Cargo volumes to beat its own milestone
Categories: News Flash
Date: Feb 28, 2023
Adani Ports and Special Economic Zone, a part of the diversified Adani Group, crossed 300 million t...
Offshore Wind’s Carbon-Cutting Ambition Imperiled by Ship Shortage
Categories: News Flash
Date: Feb 28, 2023
A shortage of the big boats capable of installing wind turbine foundations on the ocean floor threa...
Engine Room Fire on ‘Algoma Discovery’ in Winter Lay-Up
Categories: News Flash
Date: Feb 28, 2023
A fire was reported Monday morning just after 9:00 a.m. EST aboard the wintering Algoma Discov...
Shell to provide LNG for Hapag-Lloyd’s 23,500+ TEU newbuilds
Categories: News Flash
Date: Feb 28, 2023
German liner major Hapag-Lloyd has signed a multi-year agreement for the supply of liquefied natura...
War on the Black Sea Enters its Second Year
Categories: News Flash
Date: Feb 28, 2023
When Russia invaded Ukraine early on February 24, 2022, many predicted a short conflict. Russia d...
Chevron Announces Lower Carbon LNG Fleet Modification Project With Sembcorp Marine
Categories: News Flash
Date: Feb 28, 2023
Chevron Corporation (NYSE: CVX), through its subsidiary Chevron Shipping Company LLC, announced ent...
A Bangladeshi Vessel Sinks In The Hooghly River
Categories: News Flash
Date: Feb 28, 2023
A part of a Bangladesh-bound general cargo vessel loaded with fly ash reportedly collided with one ...
US West Coast ports, dockworkers continue negotiations; Asia-US container rates steady to lower
Categories: News Flash
Date: Feb 27, 2023
West Coast dockworkers and ports are continuing to negotiate on a new contract, Asia-US rates for s...
Black Sea agriculture trade tilts in Russia’s favor after one year of war in Ukraine
Categories: News Flash
Date: Feb 27, 2023
Russia’s share of trade in the international agriculture markets has risen one year after it inva...
Dry Bulk Market: Capesize Market Finds Its Footing, as Demand Increases
Categories: News Flash
Date: Feb 27, 2023
Capesize Results from Rio Tinto and BHP disappointed this week, but there was hope that with Chi...
Cargo ship grounded by storm, Philippines
Categories: News Flash
Date: Feb 27, 2023
Cargo ship MANFEL CARRIER V was pushed aground by rough weather in the morning Feb 25, after her en...