News Flash

Longer voyages, aging fleet to boost global tanker freight despite OPEC+ output cuts

Longer voyages are likely to support global tanker freight in the second quarter of 2023 because of a prolonged Russia-Ukraine...
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Government set to tweak captive berth policy for major ports

Cargo berths run by port dependent industries for their captive use at state-owned major ports will be allowed to extend...
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An India-Ukraine Chamber of Commerce will be set up in the coming months

An India-Ukraine Chamber of Commerce will be set up in the coming months in an effort to boost business ties,...
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Sonowal inaugurates infra projects at Chennai and Kamarajar Ports

The Union Minister of Ports, Shipping and Waterways (MoPSW) and AYUSH, Sarbananda Sonowal on 23 April, 2023 inaugurated major infrastructure...
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Baltic index logs weekly gain on capesize demand

The Baltic Exchange’s main sea freight index climbed up for a third session on Friday, ending the week higher on...
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Price cap on Russian crude could soon face its biggest test

Western price caps on Russian exports coincide with steep discounts on Russian crude and diesel — but not because of...
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Bureau Veritas and Kongsberg launch new capability for digitised machinery maintenance

Bureau Veritas, a world leader in testing, inspection, and certification, has taken a significant step forward in the delivery of...
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The Tripartite Table Ends With The Consensus Of The Government, Seafarers And Shipowners

As part of the commitment powered through the Panama Maritime Authority (PMA) with the maritime, port and logistic sectors of...
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First accredited low-carbon ammonia shipment for power generation dispatched from Saudi Arabia to Japan

A first shipment of independently-certified low-carbon ammonia has arrived in Japan for use as fuel in power generation. It represents...
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India’s Adani Ports to consider buyback of debt securities

India’s Adani Ports and Special Economic Zone APSE.NS, a group company of the beleaguered Adani Group, said on Wednesday it...
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Gas, coal demand in focus as India issues heat wave warning

A harsh summer season and above normal maximum temperatures in parts of India has triggered expectations of increased fuel consumption...
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DP World’s Vallarpadam Terminal suffers Volume setbacks

In a major blow to its growth ambitions, DP World’s flagship VallarpadamTerminal in Cochin Port, suffered significant traffic declines in...
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ONE increases sailing frequency for Africa, India and Middle East (AIM) Service

Ocean Network Express (ONE) is pleased to announce that the Africa, India and Middle East (AIM) service will increase its sailing...
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Maersk’s new container protection prices for India

Maersk has informed of an upcoming change in the tariff for its product, Container Protect, effective as of 15th May...
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West Coast port union, employers reach tentative agreement

The International Longshore and Warehouse Union (ILWU) said on Thursday it had reached a tentative agreement with the U.S. West...
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Russian vessels ‘mapping Nordic subsea energy assets’

Russian spy ships have been mapping offshore wind farms, gas pipelines, electricity interconnectors and internet cables in waters around Denmark,...
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Geopolitical tensions and ‘friendshoring’ may redefine global trade patterns, warns Xeneta

Mounting geopolitical tensions, shifting alliances and changes in the flow of foreign investment threaten to gradually remould global trade patterns,...
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Post Panamax Container values soften on MSC’s new purchase

Post Panamax values have softened as a result of MSCs recent purchase of the Lisbon (6,078 TEU, May 2003, Hanjin...
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Baltic index logs best day in over 5 weeks on growing vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, posted its biggest single-day gain...
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More Investment Dripping Through in the Newbuilding and S&P Markets

Activity was rather increased this past week, both in the newbuilding, as well as the S&P markets. In its latest...
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