News Flash

Onyx Power to Build 1200 MW Blue Hydrogen Production Plant in Port of Rotterdam

Onyx Power to Build 1200 MW Blue Hydrogen Production Plant in Port of Rotterdam

The Port of ROTTERDAM has announced that Onyx Power, a German energy provider, plans to construct a low-carbon blue hydrogen production plant...
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Cash buyers making fortunes flipping vintage tankers

Cash buyers making fortunes flipping vintage tankers

The extraordinary sums paid for vintage tanker tonnage in the wake of Russia’s war with Ukraine is seeing cash buyers...
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Boxship and gas carrier orders smash more records

Boxship and gas carrier orders smash more records

LNG carrier and containership ordering continue to create incredible records. The two ship types have dominated yard contracts for the...
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Shipping rates show signs of recovery ahead of trans-Pacific contract renewal

Shipping rates show signs of recovery ahead of trans-Pacific contract renewal

International shipping freight rates, which had fallen below break-even levels, have recently shown signs of recovery although they remain at...
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Mixed signals: Container shipping downturn not following the script

Spot container freight indexes are still falling. Cargo shippers are signing annual contracts at sharply lower rates than last year....
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Atlantic Supramax market looks to higher rates in Q2

Atlantic Supramax market looks to higher rates in Q2

Participants in the Atlantic Supramax dry bulk freight market said they expect rate spikes on all routes going into the...
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Record high container order book of 7.54 million TEU signals significant change

Record high container order book of 7.54 million TEU signals significant change

“Despite the collapse in freight rates, shipowners still have an appetite for new container ship orders and the order book...
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Baltic index steady as capesize bounce offsets dip in smaller vessels

Baltic index steady as capesize bounce offsets dip in smaller vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, was flat on Thursday as...
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India Working On Plan To Encourage Construction Of Inland Vessels To Develop Blue Economy

India Working On Plan To Encourage Construction Of Inland Vessels To Develop Blue Economy

The Union Shipping Ministry has plans to boost inland vessel and ship construction, aiming at self-reliance and developing a blue...
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Indian exports up 6% in year to end-March, Russian imports surge

Indian exports up 6% in year to end-March, Russian imports surge

India’s exports of merchandise and services rose by 6% in the fiscal year to March 31, Indian government data released...
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Germany to review China stake in Hamburg port terminal

Germany to review China stake in Hamburg port terminal

Germany is reviewing its decision to allow China’s Cosco to take a stake in one of logistics company HHLA’s three...
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Bangladesh deep-sea port ‘Matarbari’ promises strategic anchor for Japan, India

Bangladesh deep-sea port ‘Matarbari’ promises strategic anchor for Japan, India

A deep-sea port under construction in southern Bangladesh is shapingup to be a strategic linchpin for Japan and India as...
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SAFEEN POWER on her maiden call at Kandla

SAFEEN POWER on her maiden call at Kandla

Safeen Power with her capacity of 3500 TEUs is the largest UAEINDIA GULF (UIG) service vessel to call Kandla, according...
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No ships inspected on Tuesday under Ukraine Black Sea grain deal, UN says

No ships inspected on Tuesday under Ukraine Black Sea grain deal, UN says

No ships were inspected on Tuesday under the Ukraine Black Sea grain deal “as the parties needed more time to...
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Klaveness Combination Carriers signs on as the latest Sustainable Shipping Initiative member

Klaveness Combination Carriers signs on as the latest Sustainable Shipping Initiative member

Klaveness Combination Carriers (KCC) announces today that it has become the latest shipowner to join the Sustainable Shipping Initiative (SSI)....
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HSFO eases, but steady feedstock demand limits declines

HSFO eases, but steady feedstock demand limits declines

Asia’s high sulphur fuel oil (HSFO) market eased on Wednesday, though expectations of steady feedstock demand this quarter limited declines....
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KNUD E HANSEN Announces Development of CO2 Tanker

KNUD E HANSEN Announces Development of CO2 Tanker

According to the Paris Agreement CO2 emissions shall be reduced as to limit the global warming to well below 2°C,...
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Baltic index falls on lower vessel demand

Baltic index falls on lower vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday, pressured by...
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Cyclone in Western Australia weighs on Capesize freight rates; threatens cargo loadings

Cyclone in Western Australia weighs on Capesize freight rates; threatens cargo loadings

The intensification of Tropical Cyclone Ilsa into a Category 4 storm off the coast of Western Australia has kept market...
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Demand for Newbuildings Increases, Despite Higher Prices

Demand for Newbuildings Increases, Despite Higher Prices

Higher prices and lower earnings haven’t deterred ship owners from investing in the newbuilding market. In its latest weekly report,...
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