News Flash
Gulf ceasefire ‘fundamental’ to global shipping: FM spokeswoman
A ceasefire, as well as peace and stability, in the Gulf region are the fundamental prerequisites for keeping the international...
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Columbia Group CEO questions whether shipping is heading for a wider crewing shortage
Mark O’Neil, CEO of Columbia Group, has questioned whether the shipping industry is heading for a wider crewing shortage as...
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Drewry: World Container Index Unchanged
Drewry’s World Container Index was unchanged at $2,287 per 40ft container this week. The Drewry World Container Index (WCI) remained...
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BlackRock Buys 5% Stakes of Samsung Heavy Industries
Global asset manager BlackRock has become a major shareholder in Samsung Heavy Industries by raising its stake above 5%. Although...
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Scorpio Tankers Inc. Announces Strategic Collaboration with AMPERA, Inc. to Develop & Commercialize Micronuclear Solutions for Global Marine and Shipping Markets
Scorpio Tankers Inc. announced that it has entered into a strategic collaboration with AMPERA, Inc. (“AMPERA”) to jointly develop and...
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Guinea’s Simandou to become largest driver of seaborne iron ore supply growth, Wood Mackenzie says
The emergence of Guinea’s Simandou as a large-scale, high-grade iron ore supplier signifies a significant change in the global seaborne...
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US supply chains intact but fuel costs rise amid Middle East tensions
Bunker fuel used by container vessels has doubled over the past three weeks, increasing costs across supply chains. There is...
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Crude exports to Japan, South Korea & Taiwan fall 50% y-o-y
Crude/condensates exports pointed toward Japan, South Korea and Taiwan are down ~50% y-o-y in March (days 1-29), to just 3.1mbd,...
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Kalyan cyclist’s death sparks outrage, raises road safety concerns
The death of Kalyan-based businessman and cycling enthusiast Shrinivas Tandle, who was allegedly hit by a speeding car driven by...
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Iran endgame, fuel shock, Strait of Hormuz tensions & more: Key takeaways from Donald Trump’s address
US President Donald Trump on Thursday shared fresh updates on the Iran conflict, saying Operation Epic Fury is “nearing completion”...
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NYK Bulkship Partners Sets Sail
With the aim of further strengthening the competitiveness of the NYK Group’s dry bulk business, NYK Bulkship Partners Co., Ltd....
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MOL Group Unveils Phase 2 of its Management Plan ‘BLUE ACTION 2035’- Advancing to the Next Stage Toward ‘Value Realization’
Mitsui O.S.K. Lines, Ltd. announced that it will launch Phase 2 of its group management plan, “BLUE ACTION 2035,” effective...
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Beyond oil: Strait of Hormuz power struggle threatens fertilizer and ammonia trade
The trade of global fertilizer and ammonia faces intense pressure due to the effective closure of the Strait of Hormuz...
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Cape detour boosts South Africa as shipping reroutes from Hormuz risk
With war between the United States and Israel and Iran effectively paralyzing Middle East routes, the global shipping network is...
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Turkish ships seek passage through Strait of Hormuz amid blockade
Turkey is seeking Iranian permission for 11 Turkish-owned vessels to pass through the Strait of Hormuz, state-run Anadolu news agency...
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European Shipowners and European Transport Workers’ Federation (ETF) reaffirm commitment to upskilling and reskilling of seafarers
The European Maritime Skills Forum held its second plenary session in Brussels, reaffirming the shared commitment of European Shipowners and...
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One Month of War in the Gulf: Mapping the Global Maritime Disruption
The First Month of the Iran War at Sea One month after the launch of Operation Epic Fury, the maritime...
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Shale Oil Components Detected in Marine Fuels in Singapore
VPS has seen an increase in the levels of shale oil components in marine fuels bunkered recently in Singapore. Although...
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Shift in transport fuel flows amid lower exports in the East
Global transport fuel exports defined as gasoline, jet/kero and diesel fell by 1mbd y-o-y in March. This decline was driven...
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UN: ‘No precedent’ for seafarers caught in war zone in post-WW2 era
The seafarers are working on some 2,000 ships including oil and gas tankers, bulk carriers, cargo ships as well as...
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Recent News
Marine cargo insurance market continues to soften, reports IUMI 
Saudi Aramco boosts crude loadings after pipeline disruption
India’s crude import bill rises 48% to $74.8 bn in Apr-Aug amid high costs:
“ValenciaportPCS” launches a new feature to facilitate interaction between shippers and carriers
Coal Eases from 3-Month High