News Flash

Strong Newbuilding Market Underpins Shipowners’ Optimism

The newbuilding market has strengthened considerably over the course of the past week. In its latest weekly report, shipbroker Allied...
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Suez Canal Unaffected by Tanker “Fender Bender” in Great Bitter Lake

Two Greek-managed tankers had what amounts to a “fender bender” in the Suez Canal yesterday with the authorities reporting that...
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Eight Missing After Cargo Ship Bound for Ukraine Sinks off Turkey

Turkish officials are reporting that a search and rescue operation is underway in the Mediterranean after a small, general cargo...
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UK’s Leading Offshore Producer Lays Off 350, Citing Windfall Tax

The UK's largest offshore oil and gas player, Harbour Energy, has announced that it will be laying off up to...
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A.P. Moller – Maersk launches new US-China air cargo link

In an effort to meet its customers’ end-to-end logistics needs, A.P. Moller – Maersk (Maersk) introduces two new air freight...
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Vitol’s V-Bunkers Unveils First Electric-Hybrid Bunker Tanker in Singapore

Vitol’s Singaporean bunker operations company, V-Bunkers, has today announced that they will be taking delivery of its first electric-hybrid bunker...
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LR and ICS enter partnership to invest in crew insight software

Lloyd’s Register has acquired a 50% interest in ISF Watchkeeper, the leading work and rest hours compliance software solution from...
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Ukrainian grain flows stabilize above average amid turbulent trading

As seaborne Ukrainian grain exports via the Black Sea are stabilizing at above-average levels and shipment size exhibits positive momentum,...
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Capesize second-hand prices surge 22% m/m as rates rebound

In March 2023 China’s economic recovery caused a pick-up in capesize freight rates and in sale and purchase activity for...
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Slow Tonnage Supply Hinders Ship Recycling Market Activity

Tonnage availability has been hard to come by in the ship recycling market. In its latest weekly report, shipbroker Clarkson...
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e1 Marine to build S130 hydrogen generator for Current AG to support carbon capture system development

Global renewable energy company, e1 Marine, has been commissioned to build an S Series 130 methanol to hydrogen generator by...
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Tankers cillided in Great Bitter Lake, Suez Canal

Product tanker ALIGOTE collided with moored Aframax tanker LYRIC MAGNOLIA at around 0515 UTC Apr 4 in Suez Canal, in Great Bitter Lake waiting...
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Experts Predict Global Demand Of Indian Seafarers Will Rise 20% In Next 10 Years

Vinay Singh, Managing Director of Marine HR at the Anglo-Eastern Group, recently announced that they plan to add an additional...
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National Maritime Day 2023: Date, Theme, History & Significance

National Maritime Day is celebrated on 5 April in India. The first event of the National Maritime Day or the...
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Industrial and Logistics sector leasing probably to slow down to 32-35 million square feet (msf) in 2023

The global real estate consultant’s ‘2023 India Market Outlook’ report said that the industrial and logistics ( I&L) supply forecast is expected to exceed...
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FIR filed against 15 after vessel enters prohibited area

The Mumbai police have registered an FIR against 15 crew members of a fishing boat after it allegedly entered a prohibited area...
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LNG tankers heading to Britain, Belgium, the Netherlands and Germany

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium, the Netherlands and Germany in the...
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Air France-KLM and CMA CGM officially launch their long-term strategic air cargo partnership

Air France-KLM and the CMA CGM Group announced today the effective launch of the long-term strategic air cargo partnership they...
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Saverex NV Intends To Launch A Voluntary And Conditional Public Takeover Bid On Exmar NV

Exmar NV has been informed today by Saverex NV (“Saverex”) that Saverex intends to launch a voluntary and conditional public...
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HSFO firms on bidding flurry; bunker demand falters on crude price surge

Asia’s high sulphur fuel oil (HSFO) market firmed on Monday amid a flurry of bids, though downstream bunkering demand was...
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