News Flash

IBIA welcomes news of Rotterdam’s plans to mandate MFMs

IBIA welcomes news of Rotterdam’s plans to mandate MFMs

The International Bunker Industry Association (IBIA) welcomes news that the Port of Rotterdam appears to be moving toward making the...
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Chinese company hands over Nigeria’s first deep sea port

Chinese company hands over Nigeria’s first deep sea port

China Harbor Engineering Company Ltd (CHEC) on Monday handed over Nigeria’s first deep sea port to the government after the...
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Baltic Index Drops to 7-Week Low

Baltic Index Drops to 7-Week Low

The Baltic Dry index, which measures the cost of shipping goods worldwide, fell for a tenth consecutive day to its...
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Successful China-Greece cooperation at Piraeus Port injects confidence among other European partners

Successful China-Greece cooperation at Piraeus Port injects confidence among other European partners

A spokesperson of China’s Embassy in Greece said on Tuesday the success of China-Greece cooperated Piraeus Port should inject confidence...
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Ship Recycling: Lack of Tonnage a Major Issue

Ship Recycling: Lack of Tonnage a Major Issue

Alack of available tonnage has continued to hinder demolition activity across the Southeast Asia region. In its latest weekly report,...
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India, Australia are guardians of the flanks of the Indian Ocean

India, Australia are guardians of the flanks of the Indian Ocean

Indian Ocean regional challenges include climate change, “big power muscle movement”, says visiting Australian Rear Admiral Terming India and Australia...
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Telangana’s ambitious palm oil strategy to help India reduce import

Telangana’s ambitious palm oil strategy to help India reduce import

An 80km (49.7mile) road in Khammam district of the southern Indian state of Telangana is dotted with palm oil plantations...
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India continues with Russian oil buys, cuts shipments from Saudi

India continues with Russian oil buys, cuts shipments from Saudi

Russia dominated Saudi Arabia in oil supplies as the world’s fastest-growing major economy for fossil fuels in October, relegating the...
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Latest Seafarers Happiness Index shows sustained recovery in seafarer satisfaction

The Mission to Seafarers today publishes the findings of its Q3 2022 Seafarers Happiness Index report, undertaken with the support...
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Xeneta Container Rates Alert: Stubborn Long-Term Rates Refuse To Follow In Footsteps Of Huge Spot Declines, But Change Is Coming

Xeneta Container Rates Alert: Stubborn Long-Term Rates Refuse To Follow In Footsteps Of Huge Spot Declines, But Change Is Coming

With dramatic spot rate falls, a non-existent peak season, and easing port congestion freeing up capacity, the scene was set...
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Sanctions are about to slam Russia’s still-booming oil export trade

Sanctions are about to slam Russia’s still-booming oil export trade

The Putin regime has been enriching itself through oil exports ever since Russia invaded Ukraine. It still is. Russian oil...
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More than Half of Tankers Which Have Been Loading in Russian Ports in the Last 6 Months, Were Controlled by EU, G7 of Allied Countries

More than Half of Tankers Which Have Been Loading in Russian Ports in the Last 6 Months, Were Controlled by EU, G7 of Allied Countries

Highlighting an obvious issue, shipbroker Gibson attempts to shed light on how will the latest round of sanctions on Russian...
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Union Risk Looming Large Again at Korean Shipbuilders

Union Risk Looming Large Again at Korean Shipbuilders

Union risk is looming large again in the Korean shipbuilding industry, as the unionists at the three affiliates of Hyundai...
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BRICS need to consider instituting common rating regime: expert

BRICS need to consider instituting common rating regime: expert

The members of the BRICS (Brazil, Russia, India, China and South Africa) need to explore the feasibility of jointly building...
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Women In Maritime Have Shown Leadership During The Pandemic Crisis, 61% Of Participants Of A Covid Survey Believe

Women In Maritime Have Shown Leadership During The Pandemic Crisis, 61% Of Participants Of A Covid Survey Believe

WISTA International (Women’s International Shipping and Trading Association) and the researchers from the Espirito Santo Federal University in Brazil (UFES)...
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Britain prioritising India trade deal but can’t give timeline, minister says

Britain prioritising India trade deal but can’t give timeline, minister says

Britain is prioritising reaching a free-trade agreement with India, its foreign minister told Reuters on Saturday in his first visit...
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VesselsValue: Handysize values moving up in October, While LNG Values Skyrocket

VesselsValue: Handysize values moving up in October, While LNG Values Skyrocket

Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old...
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DCT Gdansk becomes ‘Baltic Hub’

DCT Gdansk becomes ‘Baltic Hub’

DCT Gdansk, the largest and fastest-growing container complex in the Baltic Sea region has a new name: ‘Baltic Hub’. The...
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V.O. Chidambaranar Port handles record volume of windmill blades

V.O. Chidambaranar Port handles record volume of windmill blades

V.O. Chidambaranar Port in Tuticorin, Tamil Nadu handled 120 number of imported windmill blades, the highest volume in a single...
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Panama Canal Readies to Accommodate Peak Season Fluctuations

Panama Canal Readies to Accommodate Peak Season Fluctuations

October typically marks the start of peak season at the Panama Canal, as the global shipping industry and supply chains...
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