News Flash
India needs to grow at 7.6% a year for 25 years to be a developed nation -cenbank bulletin.
India will need to grow at a rate of 7.6% annually for the next 25 years to become a developed...
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Insurers reviewing Black Sea ship cover after Russia suspension – sources.
Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia said on Monday...
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Morgan Stanley’s profit drops 14% as the deal drought persists.
Morgan Stanley’s profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter,...
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The Baltic index extends its decline on weak demand for larger vessels.
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third straight...
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Samsung Heavy Industries celebrates winning a 3.9 trillion KRW shipbuilding contract
Samsung Heavy Industries has signed a large-scale eco-friendly shipbuilding contract worth nearly KRW 4 trillion and is getting closer to...
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Russia’s seaborne oil product exports rose in June -sources and Reuters calculations
Russia’s seaborne oil product exports in June rose by 1.2% month on month to 9.824 million metric tons as seasonal...
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Rain raises Rhine river levels in Germany; north still too shallow
Water levels on the river Rhine in Germany have risen sharply after heavy rain in southern regions but are still...
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World Fuel Services completes first LNG bunkering in China for Hapag-Lloyd
World Fuel Services Corporation has completed a milestone LNG bunkering operation for the refueling of a carrier at a Chinese...
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‘ME-GA-opti’ Optimises Combustion Onboard LNG Carrier Newbuilding
The first LNG carrier in a series currently under construction by Samsung Heavy Industries (SHI) in Korea has completed gas...
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New Unified Container Inspection & Repair Criteria address contaminating pests
The international supply chain is probably one of the most complex networks man has created, carrying 250 million containers every...
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RightShip and Port of London Authority partner to support maritime decarbonization
RightShip, a leading ESG-focused digital maritime platform, has today announced a partnership to collaborate with the Port of London Authority...
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Baltic index slips on weaker vessel demand
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday, pressured by...
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Algeria tenders to buy up to 240,000 metric tons corn – traders
Algerian state agency ONAB has issued an international tender to purchase up to 240,000 metric tons of animal feed corn...
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China’s iron ore imports to rise in 2023 for first time in 3 years -analysts
China’s iron ore imports are set to rise in 2023 for the first time in three years, say analysts, due...
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Last ship leaves Ukraine port ahead of Black Sea grain deal deadline
The last ship to travel under a U.N.-brokered deal that allows the safe Black Sea export of Ukrainian grain left...
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Reed Smith: Approved Ammonia-Fueled Containership – Benefits and Risks
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of...
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US natgas prices hold near a 3-week low on a rise in output, and low LNG feed gas.
U.S. natural gas futures held near a three-week low on Friday on forecasts for less hot weather in the U.S....
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OPEC+ monitoring committee to meet Aug 3 to review oil output cuts: delegates.
The OPEC+ alliance’s key monitoring committee will convene virtually on Aug. 3 to assess the impact of the group’s deep...
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China wheat output falls 0.9% after rain damage ahead of harvest.
China’s summer wheat output fell 0.9% this year, official data showed on Saturday, the first decline in seven years after...
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Saudi Ports post a 6.79% growth in June container volumes.
The Saudi Ports Authority (Mawani) has recorded a 6.79% year-on-year uptick in container numbers across its trade hubs during the...
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