News Flash

PetroChina Explores South Asia Market, Supplies First Gasoil Cargo To Pakistan

PetroChina Explores South Asia Market, Supplies First Gasoil Cargo To Pakistan

PetroChina International delivered its first gasoil cargo to Pakistan recently, signaling the company’s breakthrough in the South Asia product market,...
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Nippon Paint Marine Introduces New Pspc-Compliant Universal Primer For Newbuilds

Nippon Paint Marine Introduces New Pspc-Compliant Universal Primer For Newbuilds

Global coatings pioneer Nippon Paint Marine has added a new anti-corrosive universal primer to its E-Marine range of paints. E-Marine...
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China In Risky Bet To Test Its Power In Iron Ore Markets

China In Risky Bet To Test Its Power In Iron Ore Markets

Iron ore prices are swinging between optimism and pessimism over the economic outlook in top importer China, but beyond the...
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India Seen Overtaking China As Biggest Importer Of Seaborne Russian Crude

India Seen Overtaking China As Biggest Importer Of Seaborne Russian Crude

India, fuelled by its appetite for discounted Ural grades, is understood to have overtaken China as the top destination for...
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KDB May Break Up DSME In Next Attempt To Privatize The Shipbuilder

KDB May Break Up DSME In Next Attempt To Privatize The Shipbuilder

State lender Korea Development Bank (KDB) has outsourced a scheme to privatize deficit-ridden Daewoo Shipbuilding &Marine Engineering (DSME) and could...
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Peak Shipping Season Ahead Of The Holidays Is About To Begin For A Volatile Supply Chain

Peak Shipping Season Ahead Of The Holidays Is About To Begin For A Volatile Supply Chain

A decline that shippers were seeing in ocean spot rates and in premium surcharges across many trade routes as demand...
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BRI Projects At Port Of Gwadar Sea And Piraeus Create New Momentum For Regional Development And Connectivity Under A Shared Future

BRI Projects At Port Of Gwadar Sea And Piraeus Create New Momentum For Regional Development And Connectivity Under A Shared Future

In 2013, Chinese President Xi Jinping put forward the “Belt and Road Initiative” (BRI), aiming at building a new platform...
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Seafarer Shortage Stands In Way Of Ukraine Grain Corridor

Seafarer Shortage Stands In Way Of Ukraine Grain Corridor

Finding enough seafarers willing to sail ships stuck inside Ukraine’s ports is set to pose a major challenge to the...
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Record Container Ship Traffic Jam As Backlog Continues To Build

Record Container Ship Traffic Jam As Backlog Continues To Build

If you only look at Los Angeles and Long Beach — the largest container import gateway in America — you’d...
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Europe’s new trade flows for coal shaping up as import ban on Russia looms

Europe’s new trade flows for coal shaping up as import ban on Russia looms

With the flow of Russian coal to Europe coming to a final end, buyers jostling for alternatives are increasingly in...
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Coast Guard Investigating Laser Strikes During Buffalo Rescue Missions

Coast Guard Investigating Laser Strikes During Buffalo Rescue Missions

Two recent incidents of lasers being pointed at U.S. Coast Guard boats while in operation on the Great Lakes are...
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Brazil Clear To Export Soymeal To China, Government Confirms

Brazil Clear To Export Soymeal To China, Government Confirms

The Brazilian government confirmed that China has opened its market to soybean meal produced in the South American country, adding...
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Iron Ore Retreats As China’s Zero-COVID Policy Clouds Demand

Iron Ore Retreats As China’s Zero-COVID Policy Clouds Demand

Iron ore futures retreated on Friday as China indicated controlling COVID-19 outbreaks was still a priority, although the steelmaking ingredient...
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Salalah Set To Become One Of The Leading Bunkering Hubs In The Region

Salalah Set To Become One Of The Leading Bunkering Hubs In The Region

Port of Salalah and FECO of Salalah – Oman, signed an agreement recently to pave the way for Salalah to...
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GC CORPORATION And Kawasaki Kisen Kaisha, Ltd. Joins CCS Study In Malaysia ~ Aiming For Joint Contribution To CO2 Reduction In Malaysia And Asia

GC CORPORATION And Kawasaki Kisen Kaisha, Ltd. Joins CCS Study In Malaysia ~ Aiming For Joint Contribution To CO2 Reduction In Malaysia And Asia

Japan Petroleum Exploration Co., Ltd. (JAPEX) has signed an MOU with JGC CORPORATION (JGC), and Kawasaki Kisen Kaisha, Ltd. (“K”...
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Ukraine Ready To Ship Grain, Awaits Signal For First Shipment

Ukraine Ready To Ship Grain, Awaits Signal For First Shipment

Ukraine is ready to start shipping grain from two Black Sea ports under a U.N.-brokered agreement but no date has...
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Rhine Level In Germany Falls Again, Vessels Only Part-Loaded

Rhine Level In Germany Falls Again, Vessels Only Part-Loaded

Water levels on the Rhine in Germany have fallen again with vessels often sailing only half full and prices for...
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Pacific Basin Says Handysize And Supramax TCE Earnings Increased 83% and 85% Respectively During 2022 Interim Results

Pacific Basin Says Handysize And Supramax TCE Earnings Increased 83% and 85% Respectively During 2022 Interim Results

Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, today announced the results of the Company...
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Container Shipping Boom Continues: Hapag-Lloyd Hikes Outlook (Again)

Container Shipping Boom Continues: Hapag-Lloyd Hikes Outlook (Again)

As great as 2021 was for container shipping lines, this year is turning out better. Germany’s Hapag-Lloyd has just raised...
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Vessels Of Ukrainian Danube Shipping Company Carrying Smaller Cargoes Due To Low Water Levels

Vessels Of Ukrainian Danube Shipping Company Carrying Smaller Cargoes Due To Low Water Levels

The middle and lower parts of the Danube River have been closed to navigation since July 25 due to a...
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