News Flash
Global crude exports dip as trade routes reshuffle again
The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed,...
Read More
Navig8 Announces Completion of 80% Acquisition by ADNOC L&S for $1.04 Billion
Navig8 TopCo Holdings Inc. announced that it has been acquired by ADNOC Logistics and Services plc (ADNOC L&S) (ADX symbol:...
Read More
Container ship order book hits new record high of 8.3m TEU
“At the end of 2024, the container ship order book was 8.3m TEU, a new record compared with the previous...
Read More
S. Korea: Shipyard workers protest increased visa quota for migrant laborers
Conflict is intensifying in the Korean shipbuilding industry following the government’s recent decision to maintain an expanded quota for migrant...
Read More
India: Shipping to get infrastructure status to boost domestic shipbuilding and ownership
The government may grant infrastructure status to the shipping industry to help improve India’s position to the top five countries...
Read More
Mental Health Support Solutions Extends its Services to the Families of Seafarers
Mental health provider, Mental Health Support Solutions (MHSS), member of OneCare Group (OCG), has taken its commitment to the welfare...
Read More
The Hood Unveils Key Predictions for 2025
will fuel the collective stress and anxiety many will feel. “The maritime industry is at a critical juncture,” said Ms...
Read More
Navigator Gas Announces Completion of Morgan’s Point Ethylene Export Terminal Expansion and Acquisition of Three Handysize Liquefied Ethylene Gas Carriers
Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces the completion...
Read More
Asia Fuel Oil: Spot differentials slip in bearish fundamentals
Spot differentials for fuel oil fell on Tuesday, weighed by plentiful supplies and slow demand, trade sources said. High sulphur...
Read More
Evolving trade routes dampen demand for ultra large containers
According to industry data, the demand for Ultra Large Container Vessels (ULCVs) has decreased as shipping companies shift to smaller,...
Read More
China’s 2025 iron ore imports set to hit new high even as steel demand dwindles
China’s iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the...
Read More
US adds shipping major COSCO to list of companies working with China’s military
The US government has labeled shipping company COSCO, technology giant Tencent and battery manufacturing company CATL as ‘Chinese miliary company’,...
Read More
Baltic index extends losses on lower capesize, supramax rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended declines on...
Read More
ITD Cementation set to win Vadhvan Port EPC contract
ITD Cementation India Ltd, a unit of Adani Group, is set to win a contract to undertake nearshore reclamation and shore protection works on engineering,...
Read More
Maersk asks customers to remove cargo before strike at US ports
Shipping giant AP Moller-Maersk has urged customers to pick up their laden containers and return the empty ones at the...
Read More
HC orders release of Singaporean cargo ship from Paradip Port
The Orissa High Court, which had earlier issued direction for ‘arrest’ of MV Propel Fortune vessel over a monetary dispute,...
Read More
Shanghai port starts methanol bunkering operation in 2025
On the 1st of January, 2025, ship Haigang Zhiyuan completed a 3000-ton methanol bunkering operation for the ship Anne Maersk...
Read More
Singapore port sets new record with over 40M TEUs in 2024
PSA Singapore (PSA) has set a new record, handling over 40 million TEUs in 2024, surpassing PSA’s previous annual high...
Read More
Colombo dockyard completes damage repair to container vessel Lobivia
Colombo Dockyard recently repaired the Singapore-flagged container vessel Lobivia, which had sustained damage after being struck while navigating the Gulf of...
Read More
Construction on Marina development will begin in Port City
Construction will begin on the Port City in Colombo’s Marina development, which is expected to be a major value addition...
Read More




