News Flash
Shipping lines still raking in billions despite sinking cargo demand
There’s no shortage of schadenfreude toward shipping lines these days. After making hundreds of billions in profits during the pandemic,...
Read More
Tankers: VLCC Recover Lost Ground
In the Middle East Gulf this week early activity saw rates begin to creep up. TC1 gained 26.87 points to...
Read More
Bunker industry gearing up for de-commoditization as shipping decarbonizes
The bunker industry is set to undergo de-commoditization as it transitions toward a cost-plus model, fundamentally altering market relationships and...
Read More
Tanker Market’s Course to be Determined By Demand, Not Supply says Shipbroker
OPEC’s decision to move ahead with significant oil production cuts, will add pressure to the tanker market as well. However,...
Read More
Cabinet approves development of container terminal at Deendayal Port
The Union Cabinet on Wednesday approved the project to develop the container terminal at Tuna-Tekra, Deendayal Port in Gujarat under...
Read More
Port of Savannah handles 1.5M TEUs in first quarter
The Georgia Ports Authority handled more than 1.5 million twenty-foot equivalent container units in the first quarter of Fiscal Year...
Read More
Port of Felixstowe: Strikes having no significant impact, MPs told
Workers at the Port of Felixstowe in Suffolk walked out twice after the union Unite rejected a pay deal. The...
Read More
ICS heralds successful collaboration to reduce harm to whales
The International Chamber of Shipping (ICS), the global trade association for shipowners and operators, are encouraging the shipping industry to...
Read More
Wilhelmsen enters into an agreement to acquire Vopak Agencies, strengthening it’s leading position as preferred global agent
Vopak Agencies has a strong track record within both hub services and port agency within the tanker segments in Europe...
Read More
Furetank signs agreement to sell two dual-fuel tankers to Neste
Furetank Rederi AB sells two 17,999 dwt dual-fuel product tankers in the VINGA series to Neste in 2023 and replaces...
Read More
Safety Front and Centre for IMCA in Taiwan
The International Marine Contractors Association (IMCA) has a packed safety-focused itinerary lined up for its forthcoming visit to Taiwan with...
Read More
Xeneta: The one-sided volatility in spot rates is currently evident on all trades
The one-sided volatility in spot rates is currently evident on all trades, yet the difference in altitude is astonishing. With...
Read More
BIMCO ship recycling report confirms need for non-EU yards on EU list
The “Report on the European List of Ship Recycling Facilities” is the 3rd edition by Marprof Environmental Ltd and was...
Read More
Seanergy Maritime Announces New Term Loan of $28 million to Refinance Existing Facility at Reduced Cost
Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today the closing of its previously announced $28.0 million...
Read More
Titan to build the world’s largest biomethane liquefaction plant
Titan, the independent supplier of low and zero-carbon fuels, announced today its LBM production project for 200,000 tonnes of LBM...
Read More
MABUX: Bunker Prices on the Rise, But Volatility is Still the Norm
Over the Week 41, MABUX global bunker indices demonstrated firm upward trend. The 380 HSFO index rose by 12.46 USD:...
Read More
DP World reaffirms commitment to developing African sport and culture
South Africa’s celebrated cricket ground, Wanderers Stadium, to be rebranded DP World Wanderers Stadium after naming rights deal; sponsorship includes...
Read More
ICS Secretary General to address the UN General Assembly
ICS Secretary General Guy Platten to address the UN General Assembly today on the role of trade and logistics in...
Read More
EU backs lifting of Turkey embargo on Cyprus ships
The European Commission has long been clear that Turkey should end its embargo on Cypriot-flagged ships and planes, said Transport...
Read More
Iran storing around 60 million barrels of oil on state-owned ships: Official
Iran is storing around 60 million barrels of sanctioned oil on board tankers operated and owned by the National Iranian...
Read More
Recent News
Vessel and Marine Data for Middle East Waters Free of Charge on the SeaNavigator Marine Weather Service
Shipping industry warned of the safety risks of cutting seatime requirements for junior officers
MISC Expands LNG Carrier Fleet with the Naming of Seri Dian and Seri Dayang for SeaRiver Maritime
Gulf shipping disruptions highlight need for alternative export routes, flexibility: ADNOC top exec
Japan’s MOL targets Southeast Asia for FSRU market growth