News Flash

Asia-US container rates continue to fall, nearing pre-pandemic levels as imports slow

Asia-US container rates continue to fall, nearing pre-pandemic levels as imports slow

Rates for shipping containers from east Asia and China to the US continued to fall this week and are nearing...
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Tankers: VLCC Market Lower This Week

Tankers: VLCC Market Lower This Week

Clean In the Middle East Gulf this week most LR runs have seen more declines from inactivity. TC1 lost 15.62...
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Shipping industry flays crew change ban during monsoon at Paradip Port

Shipping industry flays crew change ban during monsoon at Paradip Port

The shipping industry is up in arms over restrictions placed by Paradip Port Authority on crew change at the eastern coast port...
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Indian transit container gets stuck at Chattogram port for 24 days

Indian transit container gets stuck at Chattogram port for 24 days

An Indian transit container, carrying eight tonnes of tea, has got stuck at Chattogram port for the last 24 days...
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New interim Chief Executive of Maritime and Coastguard Agency announced

New interim Chief Executive of Maritime and Coastguard Agency announced

Damien Oliver has been appointed as the interim Chief Executive of the Maritime and Coastguard Agency (MCA). Damien will begin...
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US Ports and Terminals Sustain Increased Cybersecurity Attacks

US Ports and Terminals Sustain Increased Cybersecurity Attacks

Jones Walker LLP, this week, publicly released the findings of its 2022 Ports and Terminals Cybersecurity Survey, examining cybersecurity preparedness...
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A delegation from Cavotec, a company specialising in clean technologies, visits the Port of Valencia

A delegation from Cavotec, a company specialising in clean technologies, visits the Port of Valencia

A delegation from Cavotec, a leading company in the application of clean technologies applicable to sectors such as maritime, visited...
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CMA CGM to launch MOROCCO SHUTTLE, a new Butterfly service linking Morocco, France & Spain

CMA CGM to launch MOROCCO SHUTTLE, a new Butterfly service linking Morocco, France & Spain

As there are always BETTER WAYS to address a market, CMA CGM – Short Sea Lines Division is pleased to...
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MOL Finances Second Ship through Transition Linked Loans- ESG Financing for Bulk Carrier SHOFU MARU, Featuring Wind Challenger Sail System

MOL Finances Second Ship through Transition Linked Loans- ESG Financing for Bulk Carrier SHOFU MARU, Featuring Wind Challenger Sail System

Mitsui O.S.K. Lines, Ltd. announced that it signed a deal for financing, through a transition linked loan, relying on a...
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Cyprus Shipping Deputy Ministry Establishes New Maritime Entity To Simplify Operations For Shipowners

Cyprus Shipping Deputy Ministry Establishes New Maritime Entity To Simplify Operations For Shipowners

The Cyprus Shipping Deputy Ministry (SDM) has enacted the “Shipping Limited Liability Company (S.L.L.C.) Law of 2022”, which was ratified...
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NEDO Demonstration Project: Demonstration Test Ship for Liquefied CO2 Transportation has broken ground

NEDO Demonstration Project: Demonstration Test Ship for Liquefied CO2 Transportation has broken ground

A groundbreaking ceremony for the hull of the demonstration test ship for liquefied CO2 transportation was held today, 7 October...
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Current Geopolitical tensions To Shape the Tanker Market for Years to Come

Current Geopolitical tensions To Shape the Tanker Market for Years to Come

The tanker market is about to enter a new era of increased volatility to go hand-in-hand with the changes in...
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Indian Register of Shipping (IRS) awarded noise & amp; vibration measurement and analysis work by Colombo Dockyard PLC

Indian Register of Shipping (IRS) awarded noise & amp; vibration measurement and analysis work by Colombo Dockyard PLC

Indian Register of Shipping (IRS) has been providing services towards noise and vibration measurement and analysis for more than two...
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Drewry: World Container Index Down 8% This Week

Drewry: World Container Index Down 8% This Week

Drewry’s composite World Container Index decreased by 8% to $3,688.75 per 40ft container this week. Our detailed assessment for Thursday,...
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Greece: 21 dead, dozens missing, after two migrant ships sink

Greece: 21 dead, dozens missing, after two migrant ships sink

Bodies floated amid splintered wreckage in the wind-tossed waters off a Greek island Thursday as the death toll from the...
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Direct routes from Ctg to major ports halve shipment time and cost

Direct routes from Ctg to major ports halve shipment time and cost

In April 2021, over 25,000 imported containers were stuck at transshipment ports in Sri Lanka, Singapore, and Malaysia, holding up...
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Indonesians stuck on vessel in Kaohsiung set to be relieved: Port authority

Indonesians stuck on vessel in Kaohsiung set to be relieved: Port authority

The Maritime and Port Bureau has agreed to the entry of nine Burmese sailors to relieve eight Indonesian crewmen who...
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Freight rates drop 50% as global trade slows

Freight rates drop 50% as global trade slows

Bangladesh’s ocean freight charges have registered a 50% fall from the pandemic-led massive surges as global trade slows because of...
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ÈTA Shipping signs contract with Lloyd’s Register for plan approval

ÈTA Shipping signs contract with Lloyd’s Register for plan approval

On Monday, October 3rd, 2022, ÈTA Shipping rewarded Lloyd’s Register Rotterdam with the plan approval contract of the ÈTA 6700....
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IMO Low Carbon Global Industry Initiative celebrates milestone

IMO Low Carbon Global Industry Initiative celebrates milestone

The IMO-Norway GreenVoyage2050 has celebrated five years of its Global Industry Alliance to Support Low Carbon Shipping (Low Carbon GIA)....
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