News Flash

Spot market steady to firmer; more June tenders underway

Asia’s spot fuel oil market was steady to firmer on Wednesday as market backwardation firmed, while more tenders for June...
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China’s imports of major commodities lose steam in April

China’s imports of major commodities lost momentum in April as the strong start to the year faded amid uncertainty about...
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Shipping stock sell-off: Shares down double digits since March

Look at virtually any stock chart in any ocean shipping sector and you’ll see a similar pattern. Sometime around late...
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Enterprise ‘shippers’ seek help with supply chain digital transformation, have budget to spend

Shippers — often called beneficial cargo owners or BCOs — are eager to outsource their supply chain and logistics technology...
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Baltic index rises on strong capesize, supramax demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, aided by...
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Ship Recycling Prices Continue to Slide

Ship recycling prices have kept on falling over the course of the past week. In its latest weekly report, shipbroker...
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MariApps and zero44 announce partnership to enable shipping companies to comply with the EU Emissions Trading System

zero44, a digital solutions provider focused on carbon regulation, and MariApps Marine Solutions, one of the leading providers of digital...
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Panama maintains its place in the “White List” due to the effective compliance of the STCW´78

The Republic of Panama remains in the well-known «White List», as per the International Maritime Organization (IMO) Circular MSC.1 /...
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Trade talks between India and Canada inconclusive

India and Canada discussed the possibility of forging an Early Progress Trade Agreement pending a full-fledged free trade agreement. Commerce...
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BALMER LAWRIE & CO LTD IN JOINT VENTURE WITH VIZAG PORT

To formally commence the Container Freight Station operations within the Multi Modal Logistics Park of Visakhapatnam Port Logistics Park Ltd....
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Indian shipping firm transporting Russian oil is now global news. Here’s why

A lesser-known Indian shipping company - Gatik Shipping Management - has suddenly grabbed international attention for an exponential rise in...
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Two crude oil tankers collided with two fv in Japan sea

Two crude oil tankers collided with fishing vessels 20-25 nm east off Ulsan, Korea, Japan sea, in the morning May 9.Crude...
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UN Urges Action On Global Blue Deal To Safeguard Oceans And Marine Life

The ocean can offer vast and unique opportunities for developing nations to build more resilient and innovative economies; however, climate...
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The happiness of seafarers down on last year according to survey

Acharity supporting seafarers has called for industry-wide collaboration to improve welfare in shipping after a survey found that seafarers have...
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VLSFO extends decline on lower spot offers

The market for very low sulphur fuel oil (VLSFO) softened in Asia for a third straight session on Monday, as...
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Ukraine says Russia has effectively stopped Black Sea grain deal

Russia has effectively stopped the Black sea grain deal by refusing to register incoming vessels, Ukraine’s reconstruction ministry said on...
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Shipping needs strict deadlines to boost decarbonization, says PSL MD

Expediting shipping industry’s decarbonization pathway warrants harsh regulatory intervention, uniform global rules with strict deadlines, and an entire eco-chain that...
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Implementation of time limit on reporting old e-invoices under GST deferred

Government has deferred implementation of time limit on reporting old e-invoices for big assesses under GST by three months. It...
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An interim free trade agreement with Canada on the cards

India and Canada are all set to sign an interim free trade agreement as the commerce minister PiyushGoyal has reached...
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Zim invests in refrigerated container fleet

ZIM has made an order of 1,000 Star Cool reefers with Sekstant door sensors and a similar volume for retrofitting...
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