News Flash

BP has started oil production at its Argos offshore platform, the company’s fifth platform in the Gulf of Mexico and...

The global orderbook currently stands equivalent to a “moderate” 10% of fleet capacity, though varies significantly by sector, according to...

The liner service MSC has announced the enhancement of its Australia Express Service (AEX) with a direct call at the...

The Eastern Indian Ocean (EIO) is witnessing the increasing military presence of China. Two recent developments are significant in this...

Vedanta Resources, Safe Sea Services, JM Baxi and Megha Engineering are among firms that are likely to be asked to place bids for...

Elon Musk’s Starlink satellite communications service is attracting a growing list leading names in the maritime world. This week saw announcements...

The first direct mainline vessel “mv Hong An” called at the New Mangalore Port on Thursday, after the port operationalised its dedicated...

A tropical cyclone smashed into Australia’s northwest coast as a category 5 storm, setting new wind speed records, but has...

Retail sales in the United States slowed down in March, but still saw a growth compared to the same period...

A frantic rescue operation was launched early on Friday morning to save 26 fishermen after their fishing vessel caught on...

Danish shipping giant Maersk is celebrating the launch of the world’s first green methanol-powered containership. The vessel, a 2,100 TEU...

The Port of ROTTERDAM has announced that Onyx Power, a German energy provider, plans to construct a low-carbon blue hydrogen production plant...

The extraordinary sums paid for vintage tanker tonnage in the wake of Russia’s war with Ukraine is seeing cash buyers...

LNG carrier and containership ordering continue to create incredible records. The two ship types have dominated yard contracts for the...

International shipping freight rates, which had fallen below break-even levels, have recently shown signs of recovery although they remain at...

Spot container freight indexes are still falling. Cargo shippers are signing annual contracts at sharply lower rates than last year....

Participants in the Atlantic Supramax dry bulk freight market said they expect rate spikes on all routes going into the...

“Despite the collapse in freight rates, shipowners still have an appetite for new container ship orders and the order book...

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, was flat on Thursday as...

The Union Shipping Ministry has plans to boost inland vessel and ship construction, aiming at self-reliance and developing a blue...