News Flash
Sri Lanka to spend 132 mln USD on port development projects
Sri Lankan Minister of Ports, Shipping and Aviation Nimal Siripala de Silva has said the government will spend around 132...
Read More
Seacoast Shipping gains on signing contract with Dubai firm
Seacoast Shipping Services surged 4.40% to Rs 3.56 after the company signed contract with Dubai’s Maria Shipping for providing shipping...
Read More
Joint investment in methanol conversion kits for diesel engines paves the way for fossil-free shipping
Marine design and engine developer ScandiNAOS AB, Chalmers University of Technology and the Swedish Maritime Administration (SMA) have launched a...
Read More
Spot 180-cst HSFO flips into premium
The spot cash differential for 180-cst high sulphur fuel oil (HSFO) flipped into a premium on Monday as the supply...
Read More
DNV: IMO Sub-Committee On Human Element, Training And Watchkeeping (HTW 9)
The 9th session of the IMO’s Sub-Committee on Human Element, Training and Watchkeeping (HTW 9) was held from 6 to...
Read More
Renewable methanol drives maritime industry decarbonization: institute CEO
Renewable methanol is seen as a viable fuel option in accelerating the decarbonization of maritime industries, Methanol Institute CEO Greg...
Read More
Baltic index logs best day in 2 months
The Baltic Exchange’s main sea freight index, logged its best day in nearly two months on Monday on gains in...
Read More
Adani Ports halts non-group loans, to cut debt instead
Adani Ports and Special Economic Zone Ltd will discontinue lending money to non-group companies after having lent at least ₹12,687...
Read More
Empty containers pile up at global ports as trade slows
Empty containers are piling up at major ports around the world as slowing economies weigh on shipping demand. In the...
Read More
COSCO Shipping expects to report net loss with ‘significant deterioration’ in profit for FY2022
COSCO Shipping International F83 0.55% is expecting to report a net loss in the FY2022 ended December with a “significant...
Read More
Kpler deepens maritime focus with ship tracking company acquisitions
Brussels-headquartered data and analytics group Kpler has bolstered its presence in the maritime space with the acquisition of ship tracking...
Read More
Cyprus Rallies EU Partners to Get Shipping Sector Support
Cyprus is speaking to other European Union member states to shore up support for the shipping industry hit by sanctions...
Read More
Product tanker market ‘evolving’ after start of price cap for Russian diesel: Ardmore
Russian diesel is still in play along various trade routes despite G7 and EU price caps that started Feb. 5,...
Read More
Tankers: LR2s Lead the Market Higher, VLCCs on the Rise as Well
Clean In the Middle East Gulf, LR2s have been leading the charge this week with consistently firming sentiment throughout. TC1...
Read More
Dry Bulk Market: Capesizes Still In Dire Straits
Capesize There was an overriding negative sentiment in the sector this week as the Cape 5TC average fell from $4,432...
Read More
Asia Container Trade: China container trade market struggles with slow market pickup
The current situation in the global shipping industry is complex, as container rates are experiencing a significant decline, with contract...
Read More
Tankers: China’s Oil Demand Could Benefit VLCC Trades
The VLCC tanker market could see an upward trend, thanks to increased demand from China. In its latest weekly report,...
Read More
First-ever 200m long ship to dock at Patenga Container Terminal on 26 Feb
Meghna Group will inaugurate four of its ships at the Patenga Terminal on that day and a bulk carrier named...
Read More
Nor-Shipping Looks to Boost U.S. Presence with Kallman Worldwide & The USA Partnership Pavilion
Visitors to Nor-Shipping, 6-9 June 2023, will be able to get “a taste of the USA”, as the Oslo and...
Read More
DB Schenker and MSC seal important biofuel deal to help reduce supply chain emissions
DB Schenker is expanding its green ocean freight services and has secured an arrangement to use 12,000 metric tons of...
Read More
Recent News
How the U.S. military and Maersk got a ship to pass through the Strait of Hormuz
Xeneta Schedule Reliability Scorecard: Global schedule reliability rebounded to 36% in March
Indian bio-methanol project targets bunkering demand
Global jet fuel exports fell to seasonal lows in April- Abrasive Reality: How Elevated Catfines Can Damage Marine Engines