News Flash
Baltic index gains as capesize rates rebound
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday buoyed by...
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Shipping ministry to establish three Indian Ports as Hydrogen Hubs
The Ministry of Ports, Shipping, and Waterways (MoPSW) will develop two ports on India's east coast and one port on...
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Massive Strike in Germany Forces Closure of Hamburg Port
A strike organized by public employees has forced the Port of HAMBURG to close down for more than 48 hours. As the...
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Port of Montreal to Implement AI System to Reduce Vessels’ Carbon Footprint
Montreal Port Authority and Global Spatial Technology Solutions (GSTS) have announced a new project aimed at reducing the carbon footprint...
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India: Coal, crude oil spike lead port cargo charge in FY23, shows govt data
India’s state-owned ports have registered a strong growth during the 11 months of the ongoing financial year due to enhanced...
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Supply chain innovation central to LISW23 as DP World comes onboard as exclusive International Logistics Sponsor
The smooth flow of world trade will be a central topic at this September’s London International Shipping Week 2023 (LISW23)...
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Crew Transfer Vessel for Ishikari Bay New Port Offshore Wind Farm Named “Rera As” The NYK Group’s First Domestic CTV Operation
On March 15, NYK announced the name of a crew transfer vessel (CTV)* for the Ishikari Bay New Port offshore...
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Shipping Corporation of India share jumps as PSU fixes record date for demerger
Shipping Corporation of India demerger: Shipping Corporation of India (SCI) share price today ascended in early morning deals. In opening...
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Global freight slump deepens at the start of 2023
Global freight movements continued to dwindle in the first two months of 2023 as manufacturers and distributors struggled to reduce...
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Capt Girish Phadnis appointed as MASSA Chairman
Capt Girish Phadnis, a veteran of the Indian maritime industry and an avid sportsman, has been appointed as the Chairman...
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Top bunkering trader Minerva puts cost of fuel theft as high as $5.2 bil/year
The bunkering industry is losing as much $5.2 billion of fuel annually to quantity shortages because of outdated methods used...
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MOL Selected for ‘Nadeshiko Brand’ for 3rd Consecutive Year, Reflecting Measures to Encourage Women’s Workplace Success
Mitsui O.S.K. Lines, Ltd. announced the company has been selected as a “Nadeshiko Brand” for the third consecutive year under...
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Baltic index logs worst day in five weeks on tepid demand for larger vessels
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Wednesday and...
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Newbuilding Prices Are Still Elevated, But Interest Remains High in the LNG/LPG, Product Tanker and Container Segments
The newbuilding contracting activity has been hampered so far this year, by elevated prices. However, owners are interested in placing...
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Six Cargo Ships Arrive At Odesa Coast Following Extension Of Grain Agreement
The bulk carriers Negmar Cicek, ASL Ileana, Rizabey, and SSI Pride are expected to dock at the port of Chornomorsk,...
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With Arctic Winter Sea Ice at Annual Low, Urgent Need to Slash Shipping Emissions
Responding to reports from the US National Snow and Ice Data Center (NSIDC) that Arctic sea ice has reached its...
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Langh Ship Switches To Biofuel On Its Container Vessel
Earlier this year, the Finnish Shipping company Langh Ship and long-term charterer Samskip began operating their container vessel Edith with...
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Russia ties further extension of grain deal to lifting of restrictions
Russia said on Monday it would not agree in May to the renewal of a deal allowing for the export...
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A. P. Moller – Maersk to divest Maersk Supply Service, a leading provider of global offshore marine services and project solutions for the energy sector
A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller...
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Shipping Corporation fixes March 31 as record date for demerger; stk up 4%
Shares of Shipping Corporation of India (SCI) moved higher by 4 per cent to Rs 134.10 on the BSE in...
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