News Flash
MOL and Mitsubishi Gas Chemical Sign Basic Agreement on Long-term Charter for Newbuilding Dual-fuel Methanol Carrier
Mitsui O.S.K. Lines, Ltd. Friday announced the signing of basic agreement with Mitsubishi Gas Chemical Company, Inc. (President: Masashi Fujii;...
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LR, SDARI and MAN ES join forces on ammonia dual-fuel containership for MSC
Lloyd’s Register (LR), Mediterranean Shipping Company (MSC), Shanghai Merchant Ship Design & Research Institute (SDARI) and MAN Energy Solutions (MAN-ES)...
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U.S. West Coast ports regain lost volume as competitive pressure mounts
Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that labor contract talks...
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ADB warns China it risks wasting money on state-led growth
China needs to level the playing field between private and state owned firms, the Asian Development Bank’s chief economist said...
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Is India the new China?
With over 1.4 billion people, India officially became the world’s most populous nation in April this year. This development has...
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AD Ports Group and Karachi Port Trust (KPT) Sign a Strategic MoU to Develop Advanced Port and Terminal Infrastructure in Karachi Port
A senior delegation from United Arab Emirates (UAE) visited Karachi and met with H.E. Faisal Sabzwari, Federal Minister For Maritime...
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Stream Marine Group celebrates importance of diversity and equality on IMO’s International Day for Women in Maritime
Leading safety training provider Stream Marine Group (SMG) will be shining a spotlight on encouraging females into the shipping industry...
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New Collaboration to Improve Leadership at Sea
The Nautical Institute is delighted to announce a new collaboration with The Seafarers’ Charity to develop a new range of...
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Russia and Iran sign rail deal for corridor intended to rival Suez Canal
Russian President Vladimir Putin and his Iranian counterpart Ebrahim Raisi on Wednesday oversaw, via video-link, the signing of a deal...
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Saudi Arabia crude exports edge higher in March
Saudi Arabia’s crude oil exports rose marginally in March from the previous month, data from the Joint Organisations Data Initiative...
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MABUX: Bunker Prices Could Retreat Further Next Week
In Week 20, the global MABUX bunker indices declined moderately. The 380 HSFO index dropped by 1.48 USD to 477.66...
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US, UK, others seek to target illicit oil shipping transfers at sea
The U.S., UK, Denmark and other countries have called for more action, including increased surveillance, over the booming practice of...
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Women in Maritime day: networks for gender equality
The second International Day for Women in Maritime, on 18 May 2023, seeks to highlight the importance of collaboration and...
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MSC Aurelia Concludes Its Humanitarian Mission, Captain Given Recognition Award
After a pair of earthquakes in southeastern Turkey caused extensive destruction and left millions of individuals needing temporary shelters, several...
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Chinese Fishing Vessel Capsizes In Indian Ocean, 39 Missing
About 39 seamen, including five Filipinos, have been missing since their Chinese fishing vessel submerged in the Indian Ocean, per...
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More liner newcomers quit long-haul box lanes as rates tumble
According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker China International Marine Containers (CIMC), which started a...
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MSC and CMA CGM Out in Front in Box Fleet-Building Race
MSC’s phenomenal growth over the past two years has largely been driven by acquisition of second-hand containerships, while rival CMA CGM is...
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BIMCO Predicts Unprecedented Surge in Ship Recycling
The global maritime industry is set to witness an extraordinary surge in ship recycling activities over the course of the...
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Multinational Search for 39 Missing Crew on Capsized Chinese Longliner
A multinational search is underway in the Indian Ocean for the crew of a Chinese longliner that capsized with a...
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US supply chain woes shift and persist in 2023
The U.S. supply chain is healing from early pandemic shocks that sent shipping costs sky rocketing and squeezed supplies of...
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