News Flash

Maersk Expects Logistics Revenues to Exceed Shipping in Coming Years

Maersk Expects Logistics Revenues to Exceed Shipping in Coming Years

A.P. Moller-Maersk A/S expects logistics revenue to surpass the ocean business by the middle of the decade as the container...
Read More
EU’s embargo of Russian oil to boost clean tanker demand into 2023

EU’s embargo of Russian oil to boost clean tanker demand into 2023

Clean tanker owner and operator Ardmore Shipping expects global product tanker ton-mile demand to increase 7%-8% due to the EU...
Read More
Dry Bulk Market: Pessimism Still the Norm

Dry Bulk Market: Pessimism Still the Norm

Capesize Activity in the Capesize market had the 5TC pushing in value over a few days in midweek. However, pessimism...
Read More
Positive Sentiment in the VLCC Tanker Market Should Remain, Even if Some Turbulence Could be Expected

Positive Sentiment in the VLCC Tanker Market Should Remain, Even if Some Turbulence Could be Expected

The VLCC tanker market should retain its positive momentum as the year draws to a close and even more so...
Read More
India’s GAIL declines Sefe compensation for cancelled LNG cargoes

India’s GAIL declines Sefe compensation for cancelled LNG cargoes

GAIL (India) Ltd has turned down a compensation offer for undelivered liquefied natural gas (LNG) from a former unit of...
Read More
India’s Indo-Pacific Economic Framework membership will strengthen region

India’s Indo-Pacific Economic Framework membership will strengthen region

India’s membership in the Indo-Pacific Economic Framework (IPEF) will make supply chains resilient between the Asian country and the United...
Read More
Indian sailors detained in Equatorial Guinea send SOS

Indian sailors detained in Equatorial Guinea send SOS

Sixteen Indians, who have been in the custody of Equatorial Guinea’s navy for three months, have appealed to Indian government...
Read More
Baltic index slips as capesizes fall; posts first weekly rise in five

Baltic index slips as capesizes fall; posts first weekly rise in five

The Baltic Exchange’s dry bulk sea freight index (.BADI) marked its first weekly gain in five, even as it slipped...
Read More
Shipping in COP27’s sights

Shipping in COP27’s sights

As world leaders gathered in Sharm el-Sheikh, Egypt, for COP27 on November 7-8, emissions from shipping remained a key focus....
Read More
Russian oil cap doubts spur insurer fears of ships left at sea

Russian oil cap doubts spur insurer fears of ships left at sea

Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and...
Read More
USA LPG Exports to Europe Have Grown By 54.8% This Year

USA LPG Exports to Europe Have Grown By 54.8% This Year

The LPG shipping market has experienced considerable growth this year, with global exports growing by 3.8% from January to October....
Read More
DP World launches newest technology innovation centre in India

DP World launches newest technology innovation centre in India

DP World has opened a new technology centre in Gurgaon, India, its third this year, confirming the company’s commitment to...
Read More
Adani Ports acquires 49.38% stake in Indian Oil tanking Ltd for Rs 1,050 Cr

Adani Ports acquires 49.38% stake in Indian Oil tanking Ltd for Rs 1,050 Cr

Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has entered into a definitive agreement...
Read More
A.P. Moller – Maersk to open doors to a new 100,000 sq. ft warehouse at Chattogram, Bangladesh

A.P. Moller – Maersk to open doors to a new 100,000 sq. ft warehouse at Chattogram, Bangladesh

A.P. Moller – Maersk (Maersk), the integrated logistics company, is expanding its warehousing footprint in Bangladesh with a brand new...
Read More
India’s Petronet runs Dahej terminal at above 80% of capacity

India’s Petronet runs Dahej terminal at above 80% of capacity

India’s top gas importer, Petronet LNG Ltd, is running its western import terminal of Dahej at more than 80% of...
Read More
Gujarat Pipavav Port consolidated net profit rises 58.37% in the September 2022 quarter

Gujarat Pipavav Port consolidated net profit rises 58.37% in the September 2022 quarter

Net profit of Gujarat Pipavav Port rose 58.37% to Rs 72.12 crore in the quarter ended September 2022 as against...
Read More
Industry body MASSA flags training issues for maritime manning sector

Industry body MASSA flags training issues for maritime manning sector

Λack of adequate shipboard training berths is a big challenge for the domestic maritime manning sector, according to an industry...
Read More
ICS and ISSA offer a helping hand with recycling regulations

ICS and ISSA offer a helping hand with recycling regulations

The International Chamber of Shipping (ICS), the International Shipsuppliers & Services Association (ISSA), BIMCO and the International HazMat Association (IHMA)...
Read More
Drewry urges shippers to start planning for decarbonisation in shipping, warns of up to $14 billion in extra costs

Drewry urges shippers to start planning for decarbonisation in shipping, warns of up to $14 billion in extra costs

The imperative to decarbonise the global shipping industry is clear and present, however, many of the world’s largest importers and...
Read More
Baltic index edges lower as smaller vessels weigh

Baltic index edges lower as smaller vessels weigh

The Baltic Exchange’s dry bulk sea freight index (.BADI) edged down on Thursday to snap a four-session winning streak, as...
Read More