News Flash

MISC Group Expects Strong LNG Market in the Short-Term

MISC Group Expects Strong LNG Market in the Short-Term

MISC is pleased to announce its financial results for the third quarter ended 30 September 2022. Financial Highlights: •Group revenue...
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Texas Freeport LNG restart delay causes vessels to seek other ports

Texas Freeport LNG restart delay causes vessels to seek other ports

A few liquefied natural gas (LNG) vessels have turned away from the Freeport LNG export plant in Texas over the...
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Bulk carrier deliveries could hit 19-year low in 2024, boosting contracting

Bulk carrier deliveries could hit 19-year low in 2024, boosting contracting

Contracting of bulk carriers spiked in 2021 and reached 48.4 million DWT, driven by a positive congestion driven cycle which...
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Baltic Extends Losing Streak To Sixth Session On Capesize Retreat

Baltic Extends Losing Streak To Sixth Session On Capesize Retreat

The Baltic Exchange’s dry bulk sea freight index extended its losing streak to a sixth consecutive session on Thursday, pressured...
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China’s Real Estate Slump is Hitting the Dry Bulk Shipping Market

China’s Real Estate Slump is Hitting the Dry Bulk Shipping Market

The demise of the Chinese real estate market has caused a ripple effect in the dry bulk shipping market. In...
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New LNG battery hybrid vessel in traffic at the Port of Gothenburg

New LNG battery hybrid vessel in traffic at the Port of Gothenburg

The short sea shipping line UECC started a new service to the Port of Gothenburg in April, in the light...
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Polluting shipbreaking practices threaten Ghanian shores

Polluting shipbreaking practices threaten Ghanian shores

In light of the recent infrastructure developments taking place at its main ports of Tema and Takoradi, Ghana is aiming...
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Debt Surges; Worst May Be Behind for Indian Downstream Firms

Debt Surges; Worst May Be Behind for Indian Downstream Firms

The worst may be over for Indian oil marketing companies (OMCs) after a significant debt increase in the second quarter...
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India’s unwavering appetite for Russian crude lifts Oct inflows to multiyear highs

India’s unwavering appetite for Russian crude lifts Oct inflows to multiyear highs

India’s appetite for Russian crudes in October rose to levels not seen in recent years and surpassed volumes shipped by...
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IRISL Opens Offices in India

IRISL Opens Offices in India

The Islamic Republic of Iran Shipping Lines has opened offices in different parts of India to boost its activities in...
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China Wins More Shipbuilding Orders than Korea in October

China Wins More Shipbuilding Orders than Korea in October

Korean shipbuilders fell behind their Chinese rivals in order intake in October. Global ship orders in October amounted to 3.41...
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52,500 tonnes of wheat arrive at Ctg port from Ukraine

52,500 tonnes of wheat arrive at Ctg port from Ukraine

A ship with 52,500 tonnes of government wheat arrived at Chattogram Port on Wednesday from war-torn Ukraine. With this, the...
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New container protection for all ocean imports into United Kingdom, Ireland, Israel, Bulgaria, Romania, Georgia, Armenia, Azerbaijan, Ukraine, Lebanon, Libya and Syria

New container protection for all ocean imports into United Kingdom, Ireland, Israel, Bulgaria, Romania, Georgia, Armenia, Azerbaijan, Ukraine, Lebanon, Libya and Syria

At Maersk your needs always come first. That’s why we are continuously trying to simplify the way you do business...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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