Index-linked contracts are becoming increasingly popular in ocean freight container shipping, but some contain a potential flaw that could cost shippers vast sums of money. The problem arises when a shipper uses 40ft equivalent containers (FEU) to transport their...

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Russia’s crude oil exports to China in May fell to a seven-month low, official data showed on Thursday. Supply via pipelines and ships totaled 8.91 million metric tons last month, or 2.10 million barrels per day (bpd), the General Administration of Customs data...

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Singapore will seek compensation for the costs incurred in an oil spill last week from the owners of the stationary vessel that discharged the oil, local media CNA reported on Thursday. The Maritime and Port Authority told CNA that the shipowner of Singapore-flagged...

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International®, AkzoNobel’s marine coatings brand, has today [20th June] announced that a new cable-laying vessel, the Monna Lisa, owned by Prysmian, is to be coated in the Intergard® 7500 primer and Intersmooth® 7465Si antifouling solution. This decision is estimated...

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India’s cabinet approved the development on Wednesday of a new deep-water port that the government said will be a crucial part of a plan to connect the Asian country with Europe by sea and rail links through the Middle East. The Vadhavan port will be built on India’s...

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The International Chamber of Shipping (ICS) Board of Directors has unanimously re-elected Emanuele Grimaldi, President and Managing Director of Grimaldi Euromed SpA, as Chairman of the Board. ICS represents 80% of the world’s merchant fleet and is the principal...

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