News Flash

Port of Antwerp-Bruges: slight growth despite ongoing challenges

Port of Antwerp-Bruges: slight growth despite ongoing challenges

After nine months, the total throughput of Port of Antwerp-Bruges was 217.4 million tonnes, a slight increase of 0.8% compared...
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Ports decongestion to avert price hikes: solon

Ports decongestion to avert price hikes: solon

A lawmaker on Monday said decongesting ports and ensuring faster shipping of goods would avert price hikes in provinces. Quezon...
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U.S. approves LNG shipping waiver for Puerto Rico after hurricane

U.S. approves LNG shipping waiver for Puerto Rico after hurricane

The Biden administration late on Sunday approved a waiver of U.S. shipping rules to address Puerto Rico’s urgent need for...
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Rosneft moves into tanker chartering as EU ban looms

Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western...
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Baltic index ticks up on gains in larger vessels

Baltic index ticks up on gains in larger vessels

The Baltic Exchange’s dry bulk sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, rose on Monday,...
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LR to investigate Pilbara potential for ammonia bunkering

LR to investigate Pilbara potential for ammonia bunkering

Lloyd’s Register (LR), the global professional services organisation specialising in maritime engineering and technology solutions, has been selected to undertake...
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CB&I joins Daewoo shipyard project to apply liquid hydrogen storage tanks to ships

CB&I, a U.S. designer and builder of storage facilities, tanks and terminals, joined hands with a major South Korean shipyard...
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Wärtsilä to integrate Voyage business with Marine Power to strengthen end-to-end offering and to accelerate turnaround

Wärtsilä to integrate Voyage business with Marine Power to strengthen end-to-end offering and to accelerate turnaround

Wärtsilä Corporation strengthens its lifecycle offering by integrating the Voyage business into Marine Power as a business unit. The President...
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India: ‘Import of thermal coal in the country to be completely stopped by 2024-2025’

India: ‘Import of thermal coal in the country to be completely stopped by 2024-2025’

Import of thermal coal in the country will be stopped completely by 2014-25, said Union minister of coal and mines...
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Shipping market outlook – Container vs Dry bulk: Q3 2022 update

Volatile path to lower freight rates in near term before recovering in late 2023 with regulation impact on supply and...
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Dry Bulk Market Softens This Week

Dry Bulk Market Softens This Week

Capesize The Capesize market softened this week as a lack of fresh cargo and activity, particularly in the Atlantic hampered,...
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Bangladesh: Shipbreaking slumps by half amid lower imports

Bangladesh: Shipbreaking slumps by half amid lower imports

Scrap vessel imports slumped by half in the first nine months of the year as Bangladesh Bank is discouraging lenders...
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Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister

Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister

The Suez Canal achieved the highest return of about US$7 billion in the fiscal year 2021/2022, and the oil sector...
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Shipping lines still raking in billions despite sinking cargo demand

There’s no shortage of schadenfreude toward shipping lines these days. After making hundreds of billions in profits during the pandemic,...
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Tankers: VLCC Recover Lost Ground

Tankers: VLCC Recover Lost Ground

In the Middle East Gulf this week early activity saw rates begin to creep up. TC1 gained 26.87 points to...
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Bunker industry gearing up for de-commoditization as shipping decarbonizes

The bunker industry is set to undergo de-commoditization as it transitions toward a cost-plus model, fundamentally altering market relationships and...
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Tanker Market’s Course to be Determined By Demand, Not Supply says Shipbroker

Tanker Market’s Course to be Determined By Demand, Not Supply says Shipbroker

OPEC’s decision to move ahead with significant oil production cuts, will add pressure to the tanker market as well. However,...
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Cabinet approves development of container terminal at Deendayal Port

Cabinet approves development of container terminal at Deendayal Port

The Union Cabinet on Wednesday approved the project to develop the container terminal at Tuna-Tekra, Deendayal Port in Gujarat under...
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Port of Savannah handles 1.5M TEUs in first quarter

Port of Savannah handles 1.5M TEUs in first quarter

The Georgia Ports Authority handled more than 1.5 million twenty-foot equivalent container units in the first quarter of Fiscal Year...
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Port of Felixstowe: Strikes having no significant impact, MPs told

Port of Felixstowe: Strikes having no significant impact, MPs told

Workers at the Port of Felixstowe in Suffolk walked out twice after the union Unite rejected a pay deal. The...
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