News Flash

India’s crude diversification push won’t impact Middle Eastern term contracts

India’s crude diversification push won’t impact Middle Eastern term contracts

India is looking to widen its crude import basket with more non-OPEC crudes, but the diversification strategy is unlikely to...
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China’s port economy powers ahead with strong momentum

China’s port economy powers ahead with strong momentum

Along the Bohai Sea coast, Tianjin Port stands as a dynamic hub where the value of port-driven development continues to...
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Singapore is World’s Top Maritime Centre for 12th Consecutive Year

Singapore retained its ranking as the world’s top maritime center, marking the 12th consecutive year it has led the Xinhua-Baltic...
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US port operators seek to mitigate hefty expected tariffs on China-built port cranes

US port operators seek to mitigate hefty expected tariffs on China-built port cranes

U.S. seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President...
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Japan revives shipbuilding industry to compete with Korea in US market

Japan revives shipbuilding industry to compete with Korea in US market

Japan has initiated a revival of its shipbuilding industry through the establishment of a national shipyard and the merging of...
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Death toll rises to four in Red Sea Houthi ship attack: EU naval force

Death toll rises to four in Red Sea Houthi ship attack: EU naval force

Four crew members of a cargo ship attacked and sunk by Yemeni rebels earlier this week are presumed dead, an...
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Costlier palm oil could continue to fuel long-haul trade of soybean oil

Costlier palm oil could continue to fuel long-haul trade of soybean oil

The veg oil market exhibits a high degree of price elasticity, with immediate influence on purchasing decisions when the price...
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Tanker Supply to Grow Despite Lower Orders in 2025

Tanker Supply to Grow Despite Lower Orders in 2025

Tanker supply is expected to keep growing throughout 2027, despite slow newbuilding activity since the beginning of 2025, since a...
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DNV: Key IMO safety developments

DNV: Key IMO safety developments

The IMO is making significant progress towards modernizing global maritime safety regulations, with new regulations that seek to enhance standards...
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Glyfada Greek Maritime Golf Event Returns on September 5, 2025!

Glyfada Greek Maritime Golf Event Returns on September 5, 2025!

Glyfada Greek Maritime Golf Event returns dynamically, continuing its successful progress as a top tournament that brings together the maritime...
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Singapore Tops 2025 Xinhua-Baltic International Shipping Centre Development Index, Marking 12-Year Streak

Singapore Tops 2025 Xinhua-Baltic International Shipping Centre Development Index, Marking 12-Year Streak

Baltic Exchange, in collaboration with Xinhua News Agency, proudly announces the release of the 2025 Xinhua-Baltic International Shipping Centre Development...
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Ukrainian wheat exporters shift focus to Asia, Africa amid EU tariffs renewal

Ukrainian wheat exporters shift focus to Asia, Africa amid EU tariffs renewal

Ukrainian sellers are aiming to redirect their wheat exports to Asia and Africa following the reintroduction of import duties and...
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Ship Pollution Response Organization (SPRO) Agreements in China – New International Group of P&I Clubs (IG) and China Diving & Salvage (CDSA) SPRO Agreement

Ship Pollution Response Organization (SPRO) Agreements in China – New International Group of P&I Clubs (IG) and China Diving & Salvage (CDSA) SPRO Agreement

New IG and CDSA SPRO Agreement The Group Clubs are pleased to announce that the IG and CDSA have agreed...
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DP World’s Pier Expansion Drives Record Volumes, Export Growth at Peru’s Port of Callao

DP World’s Pier Expansion Drives Record Volumes, Export Growth at Peru’s Port of Callao

One year after the expansion of its Bicentennial Pier, DP World’s terminal at the Port of Callao has delivered record-breaking...
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Hafnia Announces Signing of USD 715M Revolving Credit Facility

Hafnia Announces Signing of USD 715M Revolving Credit Facility

Hafnia Limited is pleased to announce the signing of a USD 715 million Revolving Credit Facility (the “Loan Facility”) on...
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China and India lead modest revival in Asia thermal coal imports

China and India lead modest revival in Asia thermal coal imports

There are some tentative early signs that weak thermal coal prices are starting to boost import demand among Asia’s heavyweight...
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EMEA Port Operators Are Well Placed to Face Trade Tensions

EMEA Port Operators Are Well Placed to Face Trade Tensions

EMEA port operators are mostly in a good position to deal with global trade tensions and slowing economic growth, Fitch...
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EU LNG Imports on the Rise

The EU retained its lead as the biggest LNG importer, significantly increasing its imports during the first half of the...
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Trade tested by policy uncertainty and geopolitical shifts

Trade tested by policy uncertainty and geopolitical shifts

The first half of 2025 has seen global trade continue its upward trajectory, albeit under the persistent shadow of “increasing...
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Indian Oil to upgrade Panipat refinery’s diesel unit for green jet fuel production

Indian Oil to upgrade Panipat refinery’s diesel unit for green jet fuel production

Indian Oil Corp IOC plans to shut the diesel desulphuriser unit at its 300,000 barrel-per-day Panipat refinery for an upgrade...
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