News Flash

Tanker on Fire Off Malaysia; Three Missing

Three crew members of a Gabon-registered tanker were missing after the vessel caught fire on Monday in waters off Malaysia’s...
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Tanker Seized by Iran Carrying Kuwaiti Crude and has Indian Crew

An oil tanker seized by Iran last Thursday was carrying Kuwaiti crude and had a crew of 24 Indians, according to the...
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Seatrium-TCOMS Ocean Lab Established To Advance Design And Operational Performance Of Smart Ocean Systems And Infrastructure

Seatrium Limited (Seatrium) and the Technology Centre for Offshore and Marine, Singapore (TCOMS) announced the establishment of the Seatrium-TCOMS Ocean...
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Fujairah’s HSFO market faces stiff competition as demand shifts to Khor Fakkan

Rising competition from high sulfur fuel oil suppliers at the nearby Sharjah port of Khor Fakkan increasingly attracts buyers’ interests,...
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Soft demand pushes ocean spot rates to ‘their lowest sustainable level’

Weak demand in the three major ocean trades, coupled with the expected flood of new tonnage, will feed declining rates,...
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Baltic index logs third straight monthly rise on strong capesize demand

The Baltic Exchange’s main sea freight index slipped on Friday, but posted its third straight monthly gain, supported by increasing...
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Indian Coast Guard Rescues An Injured Officer From A Merchant Vessel

On Wednesday, the ICG’s Sea Rescue Sub-center stated that it had received a call regarding a medical emergency involving a...
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India’s sea ports surpass USA, Germany & UAE ports in speed of handling ship containers

India’s sea ports have performed better than those of the USA, Germany and the UAE in the efficiency with which...
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Indian Maritime sector leapfrogs to compete with the best in the world

Average Container dwell time for India, as per World Bank’s Logistics Performance Index (I-PI) Report — 2023, has achieved a...
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China and Russia ink maritime cooperation deal in the Arctic

China and Russia signed a memorandum of understanding on strengthening maritime law enforcement cooperation, Chinese state media said on Wednesday....
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Titanium Rods Inserted In His Spine, He’s Dominating World’s Toughest Race

Five years after titanium rods were inserted into his spine and five vertebrae fused into one, Abhilash Tomy, a former...
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Painful death of car carrier

Hapless car carrier DIAMOND HIGH WAY caught fire again on Apr 28, at Lapu-Lapu City, Cebu, Philippines. The ship is...
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Gulf Coast Task Force Cracks Down on Illegal Charter Operations

The Gulf Coast Illegal Charter (GCIC) Task Force, led by the U.S. Coast Guard, has taken action against several voyages...
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US Confiscation of Iranian Oil Cargo Preceded ‘Advantage Sweet’ Tanker Seizure

The U.S. confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources...
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IMRF launches #FutureSAR climate change initiative in collaboration with Lloyd’s Register Foundation

The International Maritime Rescue Federation (IMRF) has launched its #FutureSAR initiative that will look to identify the key challenges the...
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Russia demands full implementation of Black Sea grain deal

Only its full implementation can save the Black Sea grain deal from collapse, Russia’s foreign ministry said on Thursday, reaffirming...
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Tanker shipping stocks sink despite talk of looming rate boom

Listed tanker owners are raking in profits and doling out hefty dividends. The tanker orderbook, despite a flurry of recent...
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New study finds 15 key pain points for women at sea

The new qualitative study from the Global Maritime Forum and the All Aboard Alliance contains a wide spectrum of perspectives...
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Baltic index extends gains on strong capesize demand

The Baltic Exchange’s main sea freight index extended gains for a second-straight session on Thursday, supported by higher rates for...
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High-level delegations from India and EFTA meet to boost bilateral trade and economic partnership

Ministers and high-level representatives from India and the European Free Trade Association (EFTA) States (Iceland, Liechtenstein, Norway, and Switzerland) gathered...
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