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Global freight slump deepens at the start of 2023

Global freight movements continued to dwindle in the first two months of 2023 as manufacturers and distributors struggled to reduce...
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Capt Girish Phadnis appointed as MASSA Chairman

Capt Girish Phadnis, a veteran of the Indian maritime industry and an avid sportsman, has been appointed as the Chairman...
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Top bunkering trader Minerva puts cost of fuel theft as high as $5.2 bil/year

The bunkering industry is losing as much $5.2 billion of fuel annually to quantity shortages because of outdated methods used...
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MOL Selected for ‘Nadeshiko Brand’ for 3rd Consecutive Year, Reflecting Measures to Encourage Women’s Workplace Success

Mitsui O.S.K. Lines, Ltd. announced the company has been selected as a “Nadeshiko Brand” for the third consecutive year under...
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Baltic index logs worst day in five weeks on tepid demand for larger vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Wednesday and...
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Newbuilding Prices Are Still Elevated, But Interest Remains High in the LNG/LPG, Product Tanker and Container Segments

The newbuilding contracting activity has been hampered so far this year, by elevated prices. However, owners are interested in placing...
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Six Cargo Ships Arrive At Odesa Coast Following Extension Of Grain Agreement

The bulk carriers Negmar Cicek, ASL Ileana, Rizabey, and SSI Pride are expected to dock at the port of Chornomorsk,...
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With Arctic Winter Sea Ice at Annual Low, Urgent Need to Slash Shipping Emissions

Responding to reports from the US National Snow and Ice Data Center (NSIDC) that Arctic sea ice has reached its...
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Langh Ship Switches To Biofuel On Its Container Vessel

Earlier this year, the Finnish Shipping company Langh Ship and long-term charterer Samskip began operating their container vessel Edith with...
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Russia ties further extension of grain deal to lifting of restrictions

Russia said on Monday it would not agree in May to the renewal of a deal allowing for the export...
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A. P. Moller – Maersk to divest Maersk Supply Service, a leading provider of global offshore marine services and project solutions for the energy sector

A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller...
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Shipping Corporation fixes March 31 as record date for demerger; stk up 4%

Shares of Shipping Corporation of India (SCI) moved higher by 4 per cent to Rs 134.10 on the BSE in...
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Maharashtra government exploring two new deep water greenfield ports in Konkan region

The Maharashtra government is looking at developing two new deep water greenfield ports in the Konkan region. Greenfield projects are built...
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India says Rosneft requesting to further ties to send more coking coal

India’s steel secretary Nagendra Nath Sinha said on Friday Russian oil company Rosneft had sent a request to further its...
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PM Hasina offers India to use Chittagong, Sylhet ports

Prime Minister Sheikh Hasina on Sunday stressed the need for enhancing regional connectivity for boosting trade and commerce, offering India...
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Largest Capacity Crane In Sri Lanka Unloaded At HIP

Last week, the largest capacity crawler crane in Sri Lanka was unloaded at Hambantota International Port. The crane, with a...
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AD Ports Group signs a 30-year Concession Agreement to Develop and Operate Safaga Port in Egypt

AD Ports Group, the leading facilitator of global trade, logistics, and industry, today announced the signing of a concession agreement...
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Haropa Port On Tour In India To Present Its Green Corridor And Its Opportunities For Real Estate

Back in India for the first time since the Covid pandemic, today in Mumbai HAROPA PORT completes its visit to...
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China rescues foreign cargo ship with 21-member crew in South China Sea

A foreign cargo ship with 21 crew members on board has been towed to safety in the Pearl River estuary...
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ABS and Leading Korean Players Take Aim at Scope 3 Emissions Methodologies

ABS is leading a unique approach to advance the shipbuilding industry’s decarbonization efforts with a joint development project (JDP) involving...
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