News Flash

Trade union protests lack of growth at ICTT

The joint body of Cochin Port trade union is going to intensify its stir, demanding the state and Union government...
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Ships To Be Retrofitted With Carbon Capture And Other Innovative Technologies To Reduce CO2 Emissions And Fuel Consumption

A joint UK-EU project to develop retrofit carbon capture solutions and other technologies for ships to reduce their emissions and...
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Future Maritime Environment May Be More Challenging, Says Navy Chief

Indian Navy chief Admiral R Hari Kumar on Thursday said that the future of the maritime environment will be equally...
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Iran Seizes Second Oil Tanker In A Week Amidst US Tensions

Iran has seized an oil tanker in the waters of the Strait of Hormuz in what is the second such...
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India and China to contribute half of global growth : IMF

India’s economic growth in the current financial year is resilient and, together with the recovery in China, will power a 4.6%...
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Liner supply falls as operators reduce average sailing speed by 4% : BIMCO

“During the COVID-19 pandemic liner operators increased the average sailing speed by up to 4% due to strong demand and...
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Hapag-Lloyd Annual General Meeting approves all proposed resolutions

Hapag-Lloyd AG shareholders approved today with the required majority all items on the agenda put to the vote at the Annual...
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Deepwater drillers see bright outlook in next few years, citing high rig demand, scarce supply

Deepwater drillers Transocean and Valaris see a bright outlook for rig assets in global markets over the next few years,...
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India’s Urals oil imports dip in April as China ups competition

India slightly decreased its Urals oil buying in April compared to record imports in March, while China increased its share...
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US response under watch for shipping after tanker seizure by Iran

Washington’s response to the recent seizure of a US-bound oil tanker by Tehran will determine whether regional trade flows will...
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Ships to be retrofitted with carbon capture and other innovative technologies to reduce CO2 emissions and fuel consumption

A joint UK-EU project to develop retrofit carbon capture solutions and other technologies for ships to reduce their emissions and...
Read More

Liner supply falls as operators reduce average sailing speed by 4%

During the COVID-19 pandemic, liner operators increased the average sailing speed by up to 4% due to strong demand and...
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Asia’s LNG imports slip as soft China, Japan outweigh stronger India

Asia’s imports of liquefied natural gas (LNG) fell in April as major buyers China and Japan trimmed purchases, offsetting small...
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Baltic index ticks up on jump in capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged up on Wednesday,...
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Scorpio Tankers doubles Q1 revenue

Scorpio Tankers announced a strong set of first quarter results, doubling its revenue and returning to profit in the first three...
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Experts see more opportunities than risks for breakbulk in 2023/24

“In 2022, demand growth for multipurpose vessels slowed significantly, while fleet capacity increased,” Susan Oatway says when summarising the breakbulk and project...
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Chinese state-owned firm to build major Sri Lanka port complex

A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by building a...
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Container shipping under pressure globally due to high interest rates : S&P Global Commodity Insights

Container shipping, globally, will be “under pressure” because of high interest rates and inflationary pressures across developed economies; which in turn brings in “recessionary...
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DCI gets ₹172 cr dredging order from Paradip Port Authority

Paradip Port Authority’s marine department has awarded Dredging Corporation of India a project worth ₹172 crore to dredge the approach channel, entrance...
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CEPA is the growth engine for India-UAE bilateral trade

On the occasion of the first anniversary of the implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), Commerce Secretary Shri Sunil...
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