The Chairman of the Suez Canal Authority (SCA), Osama Rabie, said a total of 23,583 ships transited the international waterway in 2022, a year-on-year (YoY) increase of 15%. This resulted in a record return for the canal by the end of 2022 with about $8 billion, a...

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Mr Maneesh Pradhan, a veteran marine engineer, has been appointed as the Chairman of India’s leading shipping association, Maritime Association of Shipowners Shipmanagers and Agents (MASSA) for a 2-year term from 1st Jan 2023. As the Managing Director of Anglo-...

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Tankers International, the world’s leading shipping pool for VLCCs, has grown rapidly throughout 2022, bringing the total size of the Tankers International fleet to 66 VLCCs, across 8 pool partners. The Tankers International pool has added more modern tonnage...

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Residual fuel oil stocks at key trading hub Singapore climbed from the previous week as net imports rose for a third consecutive week. Onshore fuel oil stocks rose by 2% to 21.33 million barrels (3.36 million tonnes) in the week ended Jan. 4, Enterprise Singapore data...

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Ambuja Cements on 4 January announced that the company hasincorporated a wholly owned subsidiary company in the name of Ambuja Shipping Services Limited (ASSL) on 3 January, 2023.The company has been incorporated by Ambuja Cements for the business of operating ships,...

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