News Flash

Vijayendra Parvataneni takes charge as MANSA’s president

Vijayendra Parvataneni takes charge as MANSA’s president

Vijayendra Parvataneni has taken over the reins at Maritime Association of Nationwide Shipping Agencies (MANSA) as the unanimously elected President...
Read More
Great Eastern Shipping Company delivers 2006 built Aframax Crude Carrier ‘Jag Lyall’

Great Eastern Shipping Company delivers 2006 built Aframax Crude Carrier ‘Jag Lyall’

The vessel was contracted for sale in July 2022. Excluding this vessel, the Company’s current fleet stands at 43 vessels,...
Read More
Shipping prices drop as parts of Rhine return to normal depths

Shipping prices drop as parts of Rhine return to normal depths

Water levels on the Rhine in Germany have risen sharply after rain this week, returning to normal levels of parts...
Read More
BP-chartered diesel tanker docks in Puerto Rican after U.S. waiver

BP-chartered diesel tanker docks in Puerto Rican after U.S. waiver

A ship carrying a cargo of diesel fuel initially barred from hurricane-hit Puerto Rico anchored at the island’s Guayanilla port...
Read More
Red flag: Shipping lines suddenly a lot less interested in renting ships

Red flag: Shipping lines suddenly a lot less interested in renting ships

The cost to transport containerized goods peaked at unprecedented levels in late 2021. That cost has been falling ever since....
Read More
Tanker Market could find Respite from Restricted Tonnage Supply Moving Forward

Tanker Market could find Respite from Restricted Tonnage Supply Moving Forward

The tanker market is headed for a multi-year period of lower tonnage supply, which could help offset any dips in...
Read More
Performance Shipping Inc. Announces Agreement to Acquire Eighth Aframax Vessel

Performance Shipping Inc. Announces Agreement to Acquire Eighth Aframax Vessel

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that it has signed,...
Read More
UK legal obligations on international shipping

UK legal obligations on international shipping

Emissions from the UK’s international shipping activities make up more than half of the UK’s total maritime emissions. However, the...
Read More
The first African Maritime Schools Wellness Conference is a huge success

The first African Maritime Schools Wellness Conference is a huge success

Aspiring seafarers from across eight African countries have hailed the first Sailors’ Society’s wellness and mental health conference, designed exclusively...
Read More
EverWind and Svitzer Announce Joint Development of Green Fueled Vessels

EverWind and Svitzer Announce Joint Development of Green Fueled Vessels

EverWind Fuels Company (“EverWind”), a private developer of green hydrogen and ammonia production in Nova Scotia, and Svitzer, a leading...
Read More
These electric hydrofoil ferries could unlock the potential of Seattle’s waterways

These electric hydrofoil ferries could unlock the potential of Seattle’s waterways

The Candela P-12 Shuttle —the world’s fastest all-electric passenger ship—will hit the water in 2023, flying passengers at a service...
Read More
Navigator Holdings Ltd. announces Accretive Vessel acquisitions through New joint Venture with Greater Bay Gas Company

Navigator Holdings Ltd. announces Accretive Vessel acquisitions through New joint Venture with Greater Bay Gas Company

Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to...
Read More
Maersk to slow pace of Ships to save fuel as demand loses Steam

Maersk to slow pace of Ships to save fuel as demand loses Steam

Maersk will begin to slow the pace of its container ships to lower fuel costs after sailing at full speed...
Read More
Russian oil exports are still blooming and EU is still reliant on Russia

Russian oil exports are still blooming and EU is still reliant on Russia

Tanker shipping has already seen a big trade shift in the wake of Russia’s invasion of Ukraine. But it’s nothing...
Read More
Drewry: World Container Index Retreated 10% this Week

Drewry: World Container Index Retreated 10% this Week

Drewry’s composite World Container Index decreased by 10% to $4,014.10 per 40ft container this week. Our detailed assessment for Thursday,...
Read More
IMO update: Sub-committee on carriage of Cargoes and Containers – CCC 8

IMO update: Sub-committee on carriage of Cargoes and Containers – CCC 8

The 8th session of the IMO Sub-Committee on Carriage of Cargoes and Containers (CCC 8) was held from 14 to...
Read More
Russian Clean Product Exports Down 5.1% During 2022

Russian Clean Product Exports Down 5.1% During 2022

The product tanker market has enjoyed some positive momentum so far this year, despite the fact that Russian clean product...
Read More
Port of Bhavnagar will play a big role in building self-reliant India, says PM Modi

Port of Bhavnagar will play a big role in building self-reliant India, says PM Modi

Prime Minister Narendra Modi said the port of Bhavnagar will play a big role in building a self-reliant India and...
Read More
Tensions rise in West Coast port labor battles, with unions and management trading accusations

Tensions rise in West Coast port labor battles, with unions and management trading accusations

Tensions are rising in West Coast port labor battles as unions and port management trade accusations about worker productivity and...
Read More
Nordic American Tankers Ltd Announces Sale of Suezmax tanker (2003 built)

Nordic American Tankers Ltd Announces Sale of Suezmax tanker (2003 built)

Today we have entered into a sales agreement for a 2003-built suezmax tanker. The price is $21 million net to...
Read More