News Flash

Spain denies entry to tanker carrying Russian-origin diesel

Spain denies entry to tanker carrying Russian-origin diesel

Spain has denied entry into Tarragona port to the Maersk Magellan, a Singapore-flagged vessel, due to it transporting oil products...
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Asian shipping lines are reporting steep revenue declines

Asian shipping lines are reporting steep revenue declines

New operating results from four Asian shipping lines were released Friday, pointing to steep performance declines in the fourth quarter...
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Container shipping stock prices resilient despite falling spot rates

Container shipping stock prices resilient despite falling spot rates

In our recently published addendum to Financial Health Check, we have reassessed container industry prospects and profitability in view of...
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IFSCA lays foundation to strengthen ship financing, leasing in India

IFSCA lays foundation to strengthen ship financing, leasing in India

In a bid to boost maritime trade, International Financial Services Centres Authority is taking steps to strengthen ship acquisition, financing...
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Baltic Index Gains As Capesize Sees Best Day In Nearly Two Months

Baltic Index Gains As Capesize Sees Best Day In Nearly Two Months

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a one-week high...
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Product Tankers: Mixed Fortunes for MRs and LR2s

Product Tankers: Mixed Fortunes for MRs and LR2s

There could be a shift in fortunes in completely opposite directions for various parts of the product tanker market in...
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Recession alarm bells are ringing, but (much) less loudly than before

Recession alarm bells are ringing, but (much) less loudly than before

The rapid reopening of China’s economy, plunging European gas prices and cooling U.S. inflation suggest a global recession may not...
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China’s Beibu Gulf Port sees cargo throughput rise in 2022

China’s Beibu Gulf Port sees cargo throughput rise in 2022

Beibu Gulf Port in south China’s Guangxi Zhuang Autonomous Region saw its cargo throughput reach 370 million tonnes in 2022,...
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San Pedro Bay Ports Release Final Drayage Truck Feasibility Assessment

San Pedro Bay Ports Release Final Drayage Truck Feasibility Assessment

The ports of Long Beach and Los Angeles have released a final report on the current state and overall feasibility...
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Georgia port gets big delivery in 4 towering new cranes

Georgia port gets big delivery in 4 towering new cranes

The Port of Savannah received a massive delivery Thursday: four towering ship-to-shore cranes built to load and unload larger classes...
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Port Of Long Beach Sees Reduced Cargo

Port Of Long Beach Sees Reduced Cargo

Softened consumer spending, increased prices driven by inflation and a shift in trade routes contributed to a dip in shipments...
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USDOT Announces More Than $660 Million Available Through the Port Infrastructure Development Program

USDOT Announces More Than $660 Million Available Through the Port Infrastructure Development Program

The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced a Notice of Funding Opportunity (NOFO) making available more than...
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ARA gasoil stocks swell on Asian and US inflows as Russian imports are phased out

ARA gasoil stocks swell on Asian and US inflows as Russian imports are phased out

The ARA’s independent gasoil stocks – which include diesel and heating oil – have averaged 13% higher so far this...
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Ukraine seeks higher tonnage ships to boost exports under grain deal

Ukraine seeks higher tonnage ships to boost exports under grain deal

Ukraine’s agriculture ministry has proposed increasing the minimal tonnage of ships which carry grain and vegetable oil from the country...
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China, Greece sign strategic cooperation agreement on shipping finance

China, Greece sign strategic cooperation agreement on shipping finance

The Lujiazui Financial City Council in Shanghai, China, and the Association of Banking and Financial Executives of Hellenic Shipping signed...
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West Africa Oil and Products Imports Facing Structural Shifts

West Africa Oil and Products Imports Facing Structural Shifts

The looming completion of West Africa’s Dangote refinery is expected to have a significant impact on crude and product tanker...
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Adani Gangavaram Port inducts a new loco at the port

Adani Gangavaram Port inducts a new loco at the port

Adani Gangavaram Port the deepest and the most modern port in the country today inducted a new Loco Train to...
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Droughts leave cargo riverboats high and dry

Droughts leave cargo riverboats high and dry

Increased droughts are forcing shipping companies to abandon some of the world’s main river cargo routes, warns Ann Christina Sloek-Andersen....
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Korea’s shipping service exports hit record $38bn in 2022

Korea’s shipping service exports hit record $38bn in 2022

South Korea’s shipping service exports reached an all-time high of $38.3 billion in 2022, breaking the previous record in 14...
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Seafarers wages bill positive step but won’t close loopholes exploited by P&O ferries

Seafarers wages bill positive step but won’t close loopholes exploited by P&O ferries

The UK government is yet to close the legal loopholes that allowed P&O Ferries and its chief executive Peter Hebblethwaite...
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