News Flash

Shippers eye Index Linked Container Contracts to obtain better ocean freight rates value

Shippers eye Index Linked Container Contracts to obtain better ocean freight rates value

In an ocean freight rates market defined by turbulence, with astronomic price hikes giving way to steep declines in spot...
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VLCC market braces for uncertain winter on shock OPEC+ output cut

VLCC market braces for uncertain winter on shock OPEC+ output cut

Despite signs of improvement in freight rates out of the Persian Gulf, the VLCC market looks headed for an uncertain...
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Supply/demand balance at 2019 level as container volumes fall 4.6% y/y

Supply/demand balance at 2019 level as container volumes fall 4.6% y/y

Since July 2020, the container market has benefitted from a surge in consumption of goods compared to pre-COVID levels, and...
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United Announces Sale of two Aframax Petroleum Tankers and Delivery of the Previously announced LR2 Tankers

United Announces Sale of two Aframax Petroleum Tankers and Delivery of the Previously announced LR2 Tankers

United Maritime Corporation, announced today that it has entered into definitive agreements with an unaffiliated third party for the sale...
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No room for complacency, says IMB, as global piracy incidents hit lowest levels in decades

No room for complacency, says IMB, as global piracy incidents hit lowest levels in decades

The ICC International Maritime Bureau (IMB) is calling for regional and international players to sustain their efforts, particularly in the...
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Damen to build two emergency response vessels for Romania

Damen to build two emergency response vessels for Romania

The General Inspectorate for Emergency Situations of the Romanian government has ordered two Damen Stan Patrol 5009 emergency response vessels....
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Gujarat Pipavav Ports handles 18.5 percent more containers in September 2022 than in 2021

Gujarat Pipavav Ports handles 18.5 percent more containers in September 2022 than in 2021

Gujarat Pipavav Port Ltd. handled 1.86 lakh TEUs containers in the September quarter, an increase of 18.5 percent from the...
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Ports face more disruption from strike action as cost-of-living crisis bites

Ports face more disruption from strike action as cost-of-living crisis bites

Fast rising cost of living crisis to precipitate more labour disputes across developed markets as dock workers seek to make...
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IMCA schemes designed to improve dp safety levels

IMCA schemes designed to improve dp safety levels

Two schemes run by the International Marine Contractors Association (IMCA) – the IMCA DP Practitioner Accreditation Scheme and their Key...
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Nautilus Labs and OrbitMI announce strategic partnership for maritime processes and optimization

Nautilus Labs and OrbitMI announce strategic partnership for maritime processes and optimization

Nautilus Labs, the technology firm unlocking profitable decarbonization for the ocean supply chain, and OrbitMI, a global provider of maritime...
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Maersk Orders Six Further Methanol-Fueled Vessels to ABS Class

Maersk Orders Six Further Methanol-Fueled Vessels to ABS Class

A further six large ocean-going, methanol-fueled container vessels have been ordered by A.P. Moller – Maersk (Maersk) to ABS Class....
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Cruise industry welcomes a new level of real-time collaboration on safety data as Lloyd’s Register approves NAPA Stability

Cruise industry welcomes a new level of real-time collaboration on safety data as Lloyd’s Register approves NAPA Stability

NAPA Stability, NAPA’s new stability management software for passenger vessels, has been approved by the classification society Lloyd’s Register (LR)....
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Maritime Cyprus 2022 Conference Focuses On Seafarer Rights With Personal Account From Captain Lasota

Maritime Cyprus 2022 Conference Focuses On Seafarer Rights With Personal Account From Captain Lasota

The Maritime Cyprus 2022 conference continued today for the third day in Limassol, and has successfully reached its conclusion. Opening...
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Xeneta: Spot Container Shipping Market in Dire Straits

Xeneta: Spot Container Shipping Market in Dire Straits

The container shipping market continues to show weakness, especially on the spot market, as falling demand and easing congestion have...
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DP World beckons India Inc to its incubation centre in Dubai to accelerate bilateral trade

DP World beckons India Inc to its incubation centre in Dubai to accelerate bilateral trade

Global logistics (/topic/logistics) major DP World on Tuesday said it offered 60 per cent discount to Indian companies to set...
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Portugal’s Navalrocha Shipyard reports flurry of naval and cruise work, plus expansion across new markets

Portugal’s Navalrocha Shipyard reports flurry of naval and cruise work, plus expansion across new markets

Portugal’s Navalrocha Shipyard is reporting a strong performance in 2022 following a flurry of high-profile naval contracts, a resurgence in...
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Cepsa and the Port of Rotterdam join up to create the first green hydrogen corridor between the north and south of Europe

Cepsa and the Port of Rotterdam join up to create the first green hydrogen corridor between the north and south of Europe

Cepsa and the Port of Rotterdam are to work together to establish the first green hydrogen corridor between southern and...
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Shippeo appoints Philippe Van Hove as Chief Revenue Officer

Shippeo appoints Philippe Van Hove as Chief Revenue Officer

Shippeo, a global leader in real-time multimodal transportation visibility, has announced the appointment of Philippe Van Hove as Chief Revenue...
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Chinese Shipping Giant COSCO Sees Stronger 9-Month Profit

Chinese Shipping Giant COSCO Sees Stronger 9-Month Profit

COSCO SHIPPING Holdings Co Ltd (SS:601919), the listed arm of the eponymous shipping giant, on Tuesday forecast a stronger net...
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Ukraine grain backlog prompts U.N. call for faster ship checks

Ukraine grain backlog prompts U.N. call for faster ship checks

With nearly 100 grain-laden ships reaching towards the horizon off Istanbul, the U.N. official overseeing exports from Ukraine is asking...
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