News Flash
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...
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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’,...
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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...
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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,...
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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...
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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,...
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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...
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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...
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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...
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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...
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Shipping Ministry proposes cruise terminal at Great Nicobar Island
An international cruise terminal to facilitate a global port-led city, high-end tourism infrastructure, and a ship-breaking yard are among the...
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Opening of new CMA terminal in Khalifa Port marks end of expansionist year for AD Ports
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu...
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VOC Port achieves milestone in windmill blade handling
VO Chidambaranar Port Authority handled 1,869 windmill blades up to Dec 2024 during the financial year 2024-25, reflecting a growth...
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Looking at resuming crude oil supply to India, expanding trade basket: Iran
Iran is looking at ways to resume supplying crude oil to India and is keen on expanding the overall trade...
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Global LNG Growth, the Energy Transition and Regulatory Changes in Focus at the ABS Maritime Committee Qatar
Strong global growth of LNG and in the orders for vessels needed to carry it, as well as key regulatory...
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HD Hyundai exports HiMSEN engines to 60 countries, dominating global market
As the incoming U.S. President Donald Trump’s announcement of a tariff bomb looms mid-month, the situation surrounding the impeachment of...
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Bangladesh: Scrap ship imports drop to two-decade low in 2024 for pandemic, war setbacks
Bangladesh’s shipbreaking industry imported only 144 scrap ships last year, totalling 9.68 lakh Gross Tonnage (GT) of end-of-life ships, the...
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Kwon Oh-gap urges South Korea’s shipbuilders to counter China and pursue U.S. ties
Kwon Oh-gap, chairman of HD Hyundai, said that in the Year of the Serpent, the group should respond more actively...
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USG Supramax shipowners struggling to maintain higher freight rates
The USG Supramax freight market started the month with negative corrections. The market picture looked depressing from the owners’ point...
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How wind tech could help decarbonize cargo shipping
Inhabitants of the Marshall Islands—a chain of coral atolls in the center of the Pacific Ocean—rely on sea transportation for...
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