News Flash

Marlink signs strategic partnership with NORMA Cyber to further enhance cyber protection of maritime industry

Marlink signs strategic partnership with NORMA Cyber to further enhance cyber protection of maritime industry

Marlink, the smart network and ICT solutions company, has signed a strategic agreement with NORMA Cyber to strengthen the cyber...
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World’s Largest Methanol Engine Marks “Unbelievable Achievement”

World’s Largest Methanol Engine Marks “Unbelievable Achievement”

HHI-EMD – an MAN Energy Solutions two-stroke licensee – marks milestones in Korea with successful FAT of world’s largest methanol-powered,...
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First shipping contract with freight earnings linked to carbon dioxide emission reduction

First shipping contract with freight earnings linked to carbon dioxide emission reduction

KCC Chartering AS (“KCCC”), a subsidiary of Klaveness Combination Carriers ASA (“KCC”) and South32 Marketing Pte Ltd, a subsidiary of...
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Baltic index ticks up on firm capesize, supramax demand

Baltic index ticks up on firm capesize, supramax demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Monday, aided...
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Indian, Russian Companies Sign Pact on Seaborne Transportation

Indian, Russian Companies Sign Pact on Seaborne Transportation

D “The parties have plans to organize direct marine services from Mundra and Nhava Sheva ports to Novorossiysk and St....
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ONE CEO Says US-China Tensions Add to Global Trade Shifts

ONE CEO Says US-China Tensions Add to Global Trade Shifts

Political tensions between the US and China are contributing to lower container shipments between the world’s two largest economies, on...
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Hapag-Lloyd concludes acquisition of Indian terminal operator stake

Hapag-Lloyd concludes acquisition of Indian terminal operator stake

The acquisition deal was inked in January 2023 when Hapag-Lloyd had made an agreement with an affiliate of Bain Capital...
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Filipino Sailors Can Serve On Canadian-Flagged Ships For The First Time Ever

Filipino Sailors Can Serve On Canadian-Flagged Ships For The First Time Ever

The Philippines and Canada have reportedly signed a deal that has cleared the way for sailors from the Philippines to...
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Laker aground at the same spot she grounded year ago

Laker aground at the same spot she grounded year ago

Self-discharging bulk carrier KAYE E. BARKER ran aground at around 0950 LT Apr 24 at Muskegon Lake entrance fairway, Great...
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China, Philippines pledge to resolve maritime differences in South China Sea

China, Philippines pledge to resolve maritime differences in South China Sea

1 / 6Chinese Foreign Minister Qin Gang, (right) and Philippine Foreign Affairs Secretary Enrique Manalo shake hands during the welcome ceremony...
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Maritime SaaS Platform Selects Spire Global as AIS Data Provider

Maritime SaaS Platform Selects Spire Global as AIS Data Provider

Spire Global, Inc., a leading global provider of space-based data, analytics and space services, has been selected by Enqlare, a...
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Seafarers warned against rogue recruitment agents charging fees

Seafarers warned against rogue recruitment agents charging fees

Illegal demands for recruitment fees and withholding of vital travel documents are plaguing seafarers hoping to embark on a career...
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Geopolitics, container shipping rates and an ominous sign from Taiwan

Geopolitics, container shipping rates and an ominous sign from Taiwan

A container ship sailing from Shanghai to Kaohsiung, Taiwan, travels just 600 nautical miles. A container ship sailing from Shanghai...
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Black Sea grain deal could start winding down next week ahead of ‘expected’ closure

Black Sea grain deal could start winding down next week ahead of ‘expected’ closure

A deal allowing the safe Black Sea export of Ukraine grain could start winding down next week after Russia said...
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Switch to green e-methanol would raise bunker costs by 340%

Switch to green e-methanol would raise bunker costs by 340%

Following the cost forecasts publicised by Drewry two weeks ago, which have been widely circulated across the industry, we have...
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Longer voyages, aging fleet to boost global tanker freight despite OPEC+ output cuts

Longer voyages, aging fleet to boost global tanker freight despite OPEC+ output cuts

Longer voyages are likely to support global tanker freight in the second quarter of 2023 because of a prolonged Russia-Ukraine...
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Government set to tweak captive berth policy for major ports

Government set to tweak captive berth policy for major ports

Cargo berths run by port dependent industries for their captive use at state-owned major ports will be allowed to extend...
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An India-Ukraine Chamber of Commerce will be set up in the coming months

An India-Ukraine Chamber of Commerce will be set up in the coming months

An India-Ukraine Chamber of Commerce will be set up in the coming months in an effort to boost business ties,...
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Sonowal inaugurates infra projects at Chennai and Kamarajar Ports

Sonowal inaugurates infra projects at Chennai and Kamarajar Ports

The Union Minister of Ports, Shipping and Waterways (MoPSW) and AYUSH, Sarbananda Sonowal on 23 April, 2023 inaugurated major infrastructure...
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Baltic index logs weekly gain on capesize demand

Baltic index logs weekly gain on capesize demand

The Baltic Exchange’s main sea freight index climbed up for a third session on Friday, ending the week higher on...
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