News Flash

Russian aggression disrupts tanker trades, spot fixtures down 8%

Russian aggression disrupts tanker trades, spot fixtures down 8%

Analysing reported dirty spot fixtures in 2022, New York broker Poten & Partners has noted a number of key changes...
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IMO Helps Expand Whale Protection Areas in Santa Barbara Channel

IMO Helps Expand Whale Protection Areas in Santa Barbara Channel

This summer, new vessel traffic lanes and no-go whale protection areas will take effect near California's Channel Islands National Marine...
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Bangladesh Orders Four Ships from China in Fleet Expansion Effort

Bangladesh Orders Four Ships from China in Fleet Expansion Effort

Bangladesh has become the latest country to launch plans to expand its national commercial shipping fleet. The state-owned autonomous Bangladesh...
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Russia’s Dominance In The Indian Crude Oil Market To Continue In 2023

Russia’s Dominance In The Indian Crude Oil Market To Continue In 2023

For several years, India has been importing crude oil from Iran and Saudi Arabia, which serves as the raw material...
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India is first port of call for UK ship in Indian Ocean

India is first port of call for UK ship in Indian Ocean

Over the next five days, the ship and her crew will undertake capability demonstrations and maritime exercises with the Indian...
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MOL to build sail-fitted hydrogen-producing ship

MOL to build sail-fitted hydrogen-producing ship

The construction forms part of the company’s Wind Hunter programme, which seeks new applications for hydrogen fuel and wind power....
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Carriers Failed to Act on Capacity Losing Market Control

Carriers Failed to Act on Capacity Losing Market Control

The container lines failed to respond quickly enough to changes in the markets as volumes plummeted in the second half...
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LNG has a key role in India’s energy system

LNG has a key role in India’s energy system

Over the years, global energy systems have come to be very large andconnected. The situation in Europe has demonstrated how...
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DNV and RSI launch Baltic and North Sea green fleet renewal study

DNV and RSI launch Baltic and North Sea green fleet renewal study

DNV and the Responsible Shipping Initiative (RSI), an alliance of Swedish dry bulk charterers, have launched a feasibility study to...
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World Container Index Up 0.7% This Week

World Container Index Up 0.7% This Week

Drewry’s composite World Container Index increased by 0.7% to $2,135.16 per 40ft container this week. Our detailed assessment for Thursday,...
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Weak vessel demand drags Baltic index to near 4-month low

Weak vessel demand drags Baltic index to near 4-month low

The Baltic Exchange’s dry bulk sea freight index extended its decline to hit a near four-month low on Thursday, weighed...
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Iran, Russia sign deal to build ship for Caspian Sea port

Iran, Russia sign deal to build ship for Caspian Sea port

Iran and Russia have signed a contract for building a cargo ship for the Caspian Sea port of Solyanka, Iran’s...
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Over 23K ships transit Suez Canal in 2022

Over 23K ships transit Suez Canal in 2022

The Chairman of the Suez Canal Authority (SCA), Osama Rabie, said a total of 23,583 ships transited the international waterway...
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Maneesh Pradhan appointed Chairman of shipping association, MASSA

Maneesh Pradhan appointed Chairman of shipping association, MASSA

Mr Maneesh Pradhan, a veteran marine engineer, has been appointed as the Chairman of India’s leading shipping association, Maritime Association...
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Tankers International adds to VLCC Pool off the back of a buoyant end to 2022

Tankers International adds to VLCC Pool off the back of a buoyant end to 2022

Tankers International, the world’s leading shipping pool for VLCCs, has grown rapidly throughout 2022, bringing the total size of the...
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Singapore fuel oil stocks rebound; net imports up for third week

Singapore fuel oil stocks rebound; net imports up for third week

Residual fuel oil stocks at key trading hub Singapore climbed from the previous week as net imports rose for a...
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Ambuja Cements announces wholly owned subsidiary – Ambuja Shipping Services

Ambuja Cements announces wholly owned subsidiary – Ambuja Shipping Services

Ambuja Cements on 4 January announced that the company hasincorporated a wholly owned subsidiary company in the name of Ambuja...
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South Korean shipbuilders bet big on green fuels

South Korean shipbuilders bet big on green fuels

South Korea’s big three shipyards are accelerating their efforts to build green ships using eco-friendly fuels amid the migration to...
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Oil product stockpiles drop 1.5% after second-highest annual exports

Oil product stockpiles drop 1.5% after second-highest annual exports

Oil product stockpiles at the UAE’s Port of Fujairah dropped 1.5% in the week ended Jan. 2, after exports for...
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China Shipowners’ Association joins International Chamber of Shipping

China Shipowners’ Association joins International Chamber of Shipping

The International Chamber of Shipping (ICS) is pleased to welcome the China Shipowners’ Association (CSA) as a Full Member from...
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