News Flash

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...
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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....
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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...
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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....
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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...
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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...
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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...
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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...
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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...
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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...
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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)...
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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...
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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...
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Tanker Market Revival Could Prompt More Ship Acquisitions

Tanker Market Revival Could Prompt More Ship Acquisitions

Tanker owners could be prompted to sell a part of their fleet in order to take advantage of the existing...
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Energy shipping boom: Propane tankers breach $100,000 a day

Energy shipping boom: Propane tankers breach $100,000 a day

Fossil-fuel shipping is going from strength to strength and shows no signs of peaking. Rates for some very large gas...
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Depots to face the brunt of container surplus well into 2023; demand for containers to bounce back in long-term

The industry is witnessing a major slump in the order-to-inventory ratio with high inventories but slower demands. According to the...
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Ship Demolition Continues its Lackluster Trajectory

Ship Demolition Continues its Lackluster Trajectory

The ship recycling market has continued to show a lack of activity over the past week. In its latest weekly...
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India: Govt may give time to local vessels before fixing age limits for operation

India: Govt may give time to local vessels before fixing age limits for operation

Even as the government looks to fix age limits for ships operating in Indian waters, to ensure overall safety and...
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Fate of Indian sailors aboard oil carrier seized by Equatorial Guinea Navy hangs in the balance

Fate of Indian sailors aboard oil carrier seized by Equatorial Guinea Navy hangs in the balance

The fate of Indian sailors of the Norwegian-flagged very large crude oil carrier MT Heroic Idun that was arrested in the Equatorial...
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Ships carrying $2 billion in natural gas are waiting off Europe’s coast for prices to rise so they can cash in, report says

More than 30 tankers carrying liquefied natural gas are idling off Europe’s coast as traders hold out for higher market...
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