News Flash
China’s Move To Hand Out Quotas May Trigger Rush For Crude Cargoes
Categories: News Flash
Date: Aug 16, 2022
China’s recent move to hand out plentiful crude import quotas is expected to trigger a rush for c...
Shipping Giant Maersk To Invest $500 Million In Suez Canal
Categories: News Flash
Date: Aug 16, 2022
The Suez Canal is getting a major investment in one of its ports. The Suez Canal Authority annou...
America’s Biggest Ports Are Still Contending With Record Volume, Indicating The Country’s Supply-Chain Woes Are Far From Over
Categories: News Flash
Date: Aug 16, 2022
The nation’s largest ports handled more volume this year than through the same time period last y...
Hapag-Lloyd CEO: US Consumer Still ‘Holding Up,’ Demand Not Collapsing
Categories: News Flash
Date: Aug 16, 2022
The container shipping outlook from Hapag-Lloyd, the world’s fifth-largest liner company: Demand ...
EU ETS’ Initial Decarbonization Effects For Shipping In Doubt
Categories: News Flash
Date: Aug 16, 2022
Few shipping companies have started to prepare for the EU’s proposed inclusion of maritime transp...
Indian Companies Swapping Dollar For Asian Currencies To Buy Russian Coal
Categories: News Flash
Date: Aug 16, 2022
Indian companies are using Asian currencies more often to pay for Russian coal imports, according t...
Shipping Container Fees Are Falling Around The World, But Not In The U.S.
Categories: News Flash
Date: Aug 16, 2022
Late container charges known as detention and demurrage (D&D) in the United States are the high...
European Gas Prices Soar As Flows From Nord Stream 1 Pipeline Stay At 20%, Rystad Says
Categories: News Flash
Date: Aug 13, 2022
European gas prices have soared as flows from Russia through the Nord Stream 1 pipeline stay low, e...
Russian Oil Production To Fall By A Fifth Since EU Import Ban, IEA Says
Categories: News Flash
Date: Aug 13, 2022
Russian oil production is set to drop by 20% next year as the European Union’s import ban on Russ...
Iron Ore Dips On Persistent China Demand Worries
Categories: News Flash
Date: Aug 13, 2022
Dalian and Singapore iron ore futures fell on Friday, reversing gains in the previous session, as t...
Uniper Could Swap Australian LNG For Atlantic Gas To Supply Europe Quicker
Categories: News Flash
Date: Aug 13, 2022
Germany’s Uniper is prepared to swap liquefied natural gas (LNG) it gets from Australia’s Woods...
ZIM Announces Participation In A Series A Financing Round In Hoopo, A Provider Of Cutting-Edge Tracking Solutions For Unpowered Assets
Categories: News Flash
Date: Aug 13, 2022
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today the completion of a Series A fina...
Valenciaport Strengthens Relations With The Chinese Region Of Fujian
Categories: News Flash
Date: Aug 13, 2022
China is Valenciaport’s main trading partner and represents 15% of the total container traffic ha...
The Seafarers’ Charity Joins Diversity In Maritime Charter Programme
Categories: News Flash
Date: Aug 13, 2022
Maritime UK, the umbrella body for the maritime sector, has welcomed The Seafarers’ Charity as th...
Panama Canal Grapples With Climate Change Threat
Categories: News Flash
Date: Aug 13, 2022
Global warming and changing weather patterns are affecting the water supply for one of the world’...
Meetings Of The Tripartite Maritime Table Restart With The Participation Of The Government, Seafarers And Shipowners
Categories: News Flash
Date: Aug 13, 2022
As part of the commitment carried out by the Panama Maritime Authority (AMP) with the maritime, por...
Chennai Petroleum Cuts Crude Runs By 25% At Southern India Refinery
Categories: News Flash
Date: Aug 12, 2022
India’s Chennai Petroleum Corp said on Tuesday it had cut crude processing by a quarter at its 20...
Three Partners, 48 Hours, One Mission: Hacking Into Future Potential At Nor-Shipping
Categories: News Flash
Date: Aug 12, 2022
Astrup Fearnley, Veracity by DNV and Microsoft Norway joined forces at this year’s Nor-Shipping t...
Mongolia Exports Over 11 Mln Tons Of Coal In First 7 Months
Categories: News Flash
Date: Aug 12, 2022
Mongolia exported 11.1 million tons of coal in the first seven months of this year, data from the M...
U.N. Expects ‘Big Uptick’ In Ships Wanting To Export Ukraine Grain
Categories: News Flash
Date: Aug 12, 2022
The United Nations expects a “big uptick” in ships wanting to export Ukraine grain through the ...
Iron Ore Advances On China Restocking, Speculative Buying
Categories: News Flash
Date: Aug 12, 2022
Dalian and Singapore iron ore futures advanced on Thursday, as restocking and speculative buying un...
Dry Bulk: Freight Rate Market Could Be Heading For A Rebound In The Coming Weeks
Categories: News Flash
Date: Aug 12, 2022
The dry bulk market could be heading for a revival moving forwards. In its latest weekly report, sh...
Delivery Of First Aframax Petroleum Tanker And Immediate Commencement Of Pool Employment
Categories: News Flash
Date: Aug 12, 2022
United Maritime Corporation, announced today the delivery of the previously-announced Aframax vesse...
India’s Trade Gap With UAE Widens As Oil Imports Rise
Categories: News Flash
Date: Aug 12, 2022
India’s trade gap with the United Arab Emirates ballooned fourfold in the May-June period, the fi...
Indonesia Blocks Exports From 48 Coal Miners As EU’s Russian Coal Ban Begins
Categories: News Flash
Date: Aug 12, 2022
On 9 August, the Indonesian Energy and Mineral Resources Minister announced that 71 coal miners fai...
Baltic Index Hits 6-Month Low As Rates Across Vessels Slump
Categories: News Flash
Date: Aug 12, 2022
The Baltic Exchange’s main sea freight index slipped to a six-month trough on Thursday pressured ...
Korea Shipbuilding & Offshore Engineering Receives $1.5B Order For Seven LNG Carriers
Categories: News Flash
Date: Aug 11, 2022
Korea Shipbuilding & Offshore Engineering (KSOE) received an order worth 1.96 trillion won ($1....
Greece To Exit EU’s ‘Enhanced Surveillance’ Framework After 12 Years
Categories: News Flash
Date: Aug 11, 2022
Greece will exit the European Union’s so-called enhanced surveillance framework on August 20, its...
Drydocks World-Dubai Signs Strategic Partnership With Silverstream Technologies To Drive Maritime Decarbonisation In The Middle East
Categories: News Flash
Date: Aug 11, 2022
Drydocks World-Dubai has today announced the signing of a strategic agreement with maritime technol...
Bourbon Marine Services Greenmar (BMSG) Implements MarTrust’s E-Wallet Solution To Pay Their Seafarers And Support Seafarer Welfare
Categories: News Flash
Date: Aug 11, 2022
MarTrust, the leading global maritime payment solutions company and part of Marcura, today announce...
Mark W. Barker Bulker Operational With Thordon’s Robust Rivertough Bearing
Categories: News Flash
Date: Aug 11, 2022
Mark W. Barker, the first new U.S flagged Great Lakes bulker in almost 40 years, has successfully c...
MISC And Consortium Partners Ink Landmark Deal With Gatarenergy For Seven Newbuilding LNG Carriers
Categories: News Flash
Date: Aug 11, 2022
MISC Berhad (MISC) through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd (PL...