Global freight movements continued to dwindle in the first two months of 2023 as manufacturers and distributors struggled to reduce excess inventories and cope with rising interest rates and increased caution among buyers. Container flows fell further in January and...

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Capt Girish Phadnis, a veteran of the Indian maritime industry and an avid sportsman, has been appointed as the Chairman of India’s leading shipping association, Maritime Association of Shipowners Shipmanagers and Agents or MASSA. Capt Phadnis currently serves MTM...

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The bunkering industry is losing as much $5.2 billion of fuel annually to quantity shortages because of outdated methods used to measure deliveries, according to Tyler Baron, the CEO of the world’s largest physical bunker supplier Minerva Bunkering. Unlike many...

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Mitsui O.S.K. Lines, Ltd. announced the company has been selected as a “Nadeshiko Brand” for the third consecutive year under a joint initiative by Japan’s Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TES) to promote women’s success in...

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The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Wednesday and marked its biggest one-day fall since mid-February due to weaker demand for larger vessels. The overall index, which factors in rates...

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The newbuilding contracting activity has been hampered so far this year, by elevated prices. However, owners are interested in placing more orders in the gas, product tanker and container segments. In its latest weekly report, shipbroker Allied Shipbroking said that...

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