News Flash

India Working On Plan To Encourage Construction Of Inland Vessels To Develop Blue Economy

The Union Shipping Ministry has plans to boost inland vessel and ship construction, aiming at self-reliance and developing a blue...
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Indian exports up 6% in year to end-March, Russian imports surge

India’s exports of merchandise and services rose by 6% in the fiscal year to March 31, Indian government data released...
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Germany to review China stake in Hamburg port terminal

Germany is reviewing its decision to allow China’s Cosco to take a stake in one of logistics company HHLA’s three...
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Bangladesh deep-sea port ‘Matarbari’ promises strategic anchor for Japan, India

A deep-sea port under construction in southern Bangladesh is shapingup to be a strategic linchpin for Japan and India as...
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SAFEEN POWER on her maiden call at Kandla

Safeen Power with her capacity of 3500 TEUs is the largest UAEINDIA GULF (UIG) service vessel to call Kandla, according...
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No ships inspected on Tuesday under Ukraine Black Sea grain deal, UN says

No ships were inspected on Tuesday under the Ukraine Black Sea grain deal “as the parties needed more time to...
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Klaveness Combination Carriers signs on as the latest Sustainable Shipping Initiative member

Klaveness Combination Carriers (KCC) announces today that it has become the latest shipowner to join the Sustainable Shipping Initiative (SSI)....
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HSFO eases, but steady feedstock demand limits declines

Asia’s high sulphur fuel oil (HSFO) market eased on Wednesday, though expectations of steady feedstock demand this quarter limited declines....
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KNUD E HANSEN Announces Development of CO2 Tanker

According to the Paris Agreement CO2 emissions shall be reduced as to limit the global warming to well below 2°C,...
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Baltic index falls on lower vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday, pressured by...
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Cyclone in Western Australia weighs on Capesize freight rates; threatens cargo loadings

The intensification of Tropical Cyclone Ilsa into a Category 4 storm off the coast of Western Australia has kept market...
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Demand for Newbuildings Increases, Despite Higher Prices

Higher prices and lower earnings haven’t deterred ship owners from investing in the newbuilding market. In its latest weekly report,...
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UK parliamentary delegation to discuss trade, research ties in India

A British parliamentary delegation made up of the India (Trade &Investment) All Party Parliamentary Group (APPG) to arrive in New...
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Govt to invite financial bids for Shipping Corp of India in May

The Indian government plans to invite financial bids for the privatisationof Shipping Corp of India Ltd (SCI) next month, as...
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India likely to list Shipping Corporation of India Land and Assets by April end

The Indian government expects to list the state-owned Shipping Corporation of India Land and Assets Ltd (SCILAL) by the end...
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IMO LEG supports revised guidelines for places of refuge

The 110th meeting of the IMO Legal Committee (LEG 110) took place last week from 27 to 31 March and...
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Chinese ports see fewer empty containers as exports on recovery trend despite global inflation

Major ports across China have reported a drop of empty containers, which industry insiders said is a sign of an...
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Bintulu Port on expansion mode

Bintulu Port Holdings Bhd (BPHB) will expand its debonded area at Bintulu Port to increase capacity for additional petroleum arrangement...
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Important news for all DP Operators and DPVMs: The requirements for revalidation of certificates are changing in 2024

From the beginning of 2024, The Nautical Institute will require that all Dynamic Positioning Operators (DPO) and Dynamic Positioning Vessel...
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Veson Nautical Announces Intent to Acquire Market-Leading Valuation and Data Provider VesselsValue

Veson Nautical (Veson), the global leader of maritime freight management solutions yesterday announced its intent to acquire vessel valuation provider...
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