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PIL introduces intermodal services to strengthen connectivity
In line with its drive to enhance connectivity for customers, Pacific International Lines (PIL) is pleased to introduce the PIL...
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MOL concludes charter agreement for LNG Carrier with an Energy Major
In 3Q 2022, Mitsui O.S.K. Lines, Ltd.(“MOL”) and an Energy Major (“Charterer”) signed a multi-year contract to charter a newbuild...
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Pacific Basin Shipping : Chooses Methanol as Preferred Fuel for Commercially Viable Zero-Emission Vessels
Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, wishes to update its stakeholders on progress...
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Retreat in larger vessel rates drags Baltic index to worst week in 3 months
The Baltic Exchange’s dry bulk sea freight index (.BADI) on Friday marked its worst week since early August, primarily weighed...
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US Crude Oil Exports to Europe Have Risen by 52.2% So Far This Year
The rerouting of seaborne crude oil trade is in full swing, as evidenced by the fact that the EU is...
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India’s Russian oil binge sends Middle East imports to 19-mth low -trade
India’s oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining...
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COP27: World on track to increase emissions 10.6% by 2030 – UN report
If countries fulfill their current climate commitments, global greenhouse gas emissions will rise by 10.6% by 2030 compared to 2010...
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Silverstream Technologies helps drive Carnival Corporation’s decarbonisation ambitions with air lubrication technology
British clean technology company Silverstream Technologies has today announced that it has signed an agreement with Carnival Corporation to implement...
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Baltic index extends losses to seventh day on waning vessel demand
The Baltic Exchange’s dry bulk sea freight index (.BADI), which tracks prices for ships carrying dry bulk commodities, fell for...
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LNG ships play waiting game off Spain’s coast as higher prices eyed
Several ships carrying liquefied natural gas (LNG) anchored off Spain’s Bay of Cadiz are likely to stay there until late...
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World Container Index Down by 7% This Week, 35th in a Row
Drewry’s composite World Container Index decreased by 7% to $3,145.11 per 40ft container this week. Our detailed assessment for Thursday,...
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Tankers at Sea Insight: VLCC segment breaks out of rut as higher employment in summer buoys earnings
More VLCCs managed to secure employment in August, as higher demand for crude spurred by stronger refinery processing and robust...
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EU clean oil product imports up 18.3% y/y on increased Asian volumes
Excluding intra-EU trade, the European Union’s average monthly clean oil product imports amounted to 10.0 million tonnes in 2019 but...
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Safe Bulkers Management and Safety Management Overseas Sign Cooperation Agreement with OTG
During Maritime Cyprus 2022, maritime learning and operational technology company, Ocean Technologies Group (OTG), signed a new cooperation agreement with...
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Dry Bulkers Values Enter Bearish Territory
The dry bulk market has failed to impress over the past few weeks, with the gloom now starting to translate...
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Shippers losing interest in Ctg-Kolkata coastal route
Bangladeshi company Marine Trust Limited began transporting goods on the Chattogram-Kolkata route in 2017 with four ships, but the company...
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GTT unveils its innovative three-tank LNG carrier concept with two Approvals in Principle
GTT announces that it has received two Approvals in Principle (AiP) for its innovative three-tank LNG tanker design, from DNV...
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DP World reports 2.5% like-for-like volume growth
DP World Limited handled 59.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 9M2022, with...
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FUJAIRAH DATA: Oil product stockpiles climb to two-week high
Oil product stockpiles at the UAE’s Port of Fujairah resumed gains in the week ended Oct. 24 as heavy and...
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Over 48m tons of goods loaded, unloaded in ports of Hormozgan in H1
As announced by a provincial official, 48.5 million tons of goods were loaded and unloaded in the ports of southern...
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