News Flash
India’s port sector is growing rapidly and contributing to economic progress: PM Modi
he Prime Minister, Shri Narendra Modi has lauded the achievements of Tuticorin VOC port a Y-o-Y growth of 11.35%. The...
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Adani Ports, Mundra has docked its first LNG fueled powered Crude oil Tanker
Adani Ports, Mundra has docked its First LNG fueled powered Aframax Crude oil Tanker at its SPM (Single Point Mooring)...
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PSA Mumbai dismisses congestion, productivity slowdown reports
PSA Mumbai (BMCT), the new terminal operator at India’s Nhava Sheva Port (JNPT), has denied reports that it is operating...
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Concession Agreement For Vizag Multipurpose Terminal Signed
Visakhapatnam Port Authority has entered into a 30 years concession with Vizag Multipurpose Terminal, an equal joint venture between J...
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TORM purchases three fuel-efficient MR product tankers in a partly share-based transaction
TORM has today entered into an agreement to purchase three 2013-built MR eco product tanker vessels for a total cash...
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MSC as the newest Impact Partner strengthens GCMD’s efforts to help shipping decarbonize
As the world’s largest shipping line, MSC has 730 vessels and the industry’s largest newbuilding orderbook of energy-efficient container ships....
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Fichte & Co. initiates dialogue on emerging legal challenges in maritime and its solutions at FUJCON 2023
Fichte and Co Legal, the UAE’s leading law firm, participated in the 2023 edition of The International Fujairah Bunkering &...
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Marlink and ABS Wavesight™ Partner to Accelerate Maritime Clients’ Digital Transformation
Marlink, the smart network and ICT solutions company, and ABS Wavesight™, the ABS-affiliated maritime software as a service (SaaS) company,...
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ARA gasoil stocks continue to drop, but still near 2-yr high
Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area fell for the third week in...
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Tech Accelerator Working Towards Reducing Maritime Methane Emissions Gains Momentum With Major New Signatories
A major cross sectoral initiative tasked with reducing methane emissions across the maritime industry has announced seven new members at...
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Second Hand Vessel Deals Down 50% So Far This Year
The second hand market for ships has declined to just $7 billion, versus $13.5 billion in the same period of...
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FSO stern flooded, evac, 1 worker died, Gulf of Siam
Confirmed it was an explosion, worker died in explosion. 400,000 barrels of oil on board. No power on board after...
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Hapag-Lloyd Launches New Service In Asia
German ocean carrier Hapag-Lloyd announced the addition of a new service in Asia that will have flexible port coverage. This...
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New Shipping Service To Link Saudi Arabia To Indian Subcontinent
The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port to the IMX service run by a...
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SK gas to enter LNG bunkering business through Korea Energy Terminal
South Korea’s SK gas Co. is preparing to enter the liquefied natural gas bunkering market through a terminal construction project...
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Fujairah expects more refineries to be set up to produce marine fuel
Fujairah, the world’s third-largest bunkering hub, expects energy companies to set up more refineries in the emirate to produce low-sulphur...
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Turkey seeks extending grain deal for 120 days – defence minister
Turkey will continue discussions to extend a deal that allows grain shipments from Ukraine’s Black Sea ports for 120 days...
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Share of ships with scrubbers seen rising despite 24% fall in fittings in 2022
“Scrubbers were installed on 399 ships in 2022, a fall of 24% y/y, and currently 13% of bulker, container, and...
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Baltic index rises on panamax vessel demand
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday, as gains...
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Recruitment of Merchant Navy Professionals increased due to increasing commercial activities
RECRUITMENT OF MERCHANT NAVY PROFESSIONALS 1589. SHRI TIRUCHI SIVA:Will the Minister of PORTS, SHIPPING AND WATERWAYS be pleased to state:...
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