Scorpio Tankers announced a strong set of first quarter results, doubling its revenue and returning to profit in the first three months of 2023. Profit of $193.2m in the first quarter 2023 compared to an $84.4m loss in the same period last year. Time charter...

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“In 2022, demand growth for multipurpose vessels slowed significantly, while fleet capacity increased,” Susan Oatway says when summarising the breakbulk and project cargo year 2022. As a result of that combination, rates fell from the end of the first...

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A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by building a major logistics hub. Sri Lanka is looking to kickstart its economic recovery after defaulting on its foreign debt last year, when shortages of...

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Container shipping, globally, will be “under pressure” because of high interest rates and inflationary pressures across developed economies; which in turn brings in “recessionary traits”, says Pradeep Rajan, Head – Asia Freight, S&P Global...

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Paradip Port Authority’s marine department has awarded Dredging Corporation of India a project worth ₹172 crore to dredge the approach channel, entrance channel, turning circle, docks and sand trap of the Paradip port for the year 2023-24. The contract is a...

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