News Flash

Olympic Shipping and Management SA is GCMD’s first Greek ship owner / manager centre-level partner

Olympic Shipping and Management SA is GCMD’s first Greek ship owner / manager centre-level partner

The Global Centre for Maritime Decarbonisation (GCMD) and Olympic Shipping and Management SA (OSM) have signed an Impact Partnership Agreement,...
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Seri Damai and Seri Daya, latest sister vessels to join MISC’s eco-efficient Lng carrier fleet

Seri Damai and Seri Daya, latest sister vessels to join MISC’s eco-efficient Lng carrier fleet

MISC (MISC or the Group) today welcomes two of its latest new generation of Liquefied Natural Gas (LNG) carriers, Seri...
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New Norwegian consortium sets sights on developing complete hydrogen value chain for maritime sector

New Norwegian consortium sets sights on developing complete hydrogen value chain for maritime sector

The multidisciplinary collaboration, for which a Memorandum of Understanding (MOU) was signed last week, has the ambitious goal to develop...
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Record-Breaking Fall In Long-Term Rates For Ocean Freight, As Carriers Brace For Stormy 2023

Record-Breaking Fall In Long-Term Rates For Ocean Freight, As Carriers Brace For Stormy 2023

January proved to be a dramatic month for long-term ocean freight rates, with the latest data from the Xeneta Shipping...
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India plans measures to curb Chinese imports as trade gap concerns mount

India plans measures to curb Chinese imports as trade gap concerns mount

India is considering a number of tariffs and non-tariff steps to cut imports of non-essential consumer and electronic goods, including...
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India sees GDP growth slowing on global weakness

India sees GDP growth slowing on global weakness

India forecast economic growth of 6% to 6.8% in the 2023/24 fiscal year, slowing from the 7% growth projected for...
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MEO Group migrates entire fleet to Marlink’s smart network solution to accelerate digitalisation

MEO Group migrates entire fleet to Marlink’s smart network solution to accelerate digitalisation

Marlink, the smart network solutions company, is implementing a fleet-wide migration of its smart managed network solution for leading global...
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WinGD and CMB.TECH co-develop large ammonia-fuelled engine

WinGD and CMB.TECH co-develop large ammonia-fuelled engine

WinGD and CMB.TECH bring combined expertise to zero-carbon fuel technology in groundbreaking collaboration for fleet of ammonia fuelled bulk carriers....
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Grain flows ease on month as inspection delays remain unresolved

Grain flows ease on month as inspection delays remain unresolved

Seaborne flows through the Black Sea grain corridor have averaged 102,051 mt/d over Jan. 1-28, 15% lower than December, an...
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Terminal operators, shipping lines urged to forgo charges

Terminal operators, shipping lines urged to forgo charges

Almost 90 per cent out of over 5,700 stuck-up containers are lying at the private terminals and the rest at...
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Temasek remains invested in Adani Ports, says report

Temasek remains invested in Adani Ports, says report

Singapore investor, Temasek Holdings (Private) Limited, remains invested in Adani Ports and Special Economic Zone even though the Indian conglomerate...
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Capital increase in TORM due to exercise of Restricted Share Units as part of TORM’s incentive program

Capital increase in TORM due to exercise of Restricted Share Units as part of TORM’s incentive program

TORM plc (“TORM”) increases its share capital by 21,267 A-shares (corresponding to a nominal value of USD 212.67) as a...
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Supramax trans-Atlantic grain rates find a floor after hitting multiyear lows

Supramax trans-Atlantic grain rates find a floor after hitting multiyear lows

The Supramax trans-Atlantic grain assessment Recalada-to-Bejaia experienced several losses during the third and fourth quarters of 2022 amid several draughts...
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IMO Sub-committee On Ship Design And Construction (SDC 9)

IMO Sub-committee On Ship Design And Construction (SDC 9)

The 9th session of the IMO’s Sub-Committee on Ship Design and Construction (SDC 9) was held from 23 to 27...
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Baltic index snaps 9-day losing streak as panamax, supramax rates rise

Baltic index snaps 9-day losing streak as panamax, supramax rates rise

The Baltic Exchange’s main sea freight index snapped its nine-session losing streak on Tuesday, as rates for panamax and supramax...
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Bids for Andaman’s Mega Project Open Amid Another ‘Joshimath Tragedy’ Scare

Bids for Andaman’s Mega Project Open Amid Another ‘Joshimath Tragedy’ Scare

Aiming to complete the terminal in 2028, the Centre has invited bids for the Rs 41,000-crore mega international container transhipment...
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India to use emergency law to maximise coal power output

India to use emergency law to maximise coal power output

India plans to use an emergency law next month to force power plants that run on imported coal to maximise...
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Four new Pacific International Lines container ships to benefit from integration of Wärtsilä solutions

Four new Pacific International Lines container ships to benefit from integration of Wärtsilä solutions

The technology group Wärtsilä will supply the LNG Fuel Gas Supply System, Propulsion Control System and Alarm Monitoring and Control...
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NYK and Ghelia Form Business and Capital Alliance Establishing a Strategic Partnership to Promote the Creation and Utilization of AI Services in the Shipping Industry

Nippon Yusen Kaisha (NYK) and GHELIA INC. (Ghelia) have entered into a business and capital alliance agreement that comes with...
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Chinese cargo ship sinks off the coast of Japan

Chinese cargo ship sinks off the coast of Japan

A cargo ship that sank off the coast of Japan on Tuesday, amid poor weather conditions, has left eight people...
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