News Flash

Product Tankers: Mixed Fortunes for MRs and LR2s

There could be a shift in fortunes in completely opposite directions for various parts of the product tanker market in...
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Recession alarm bells are ringing, but (much) less loudly than before

The rapid reopening of China’s economy, plunging European gas prices and cooling U.S. inflation suggest a global recession may not...
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China’s Beibu Gulf Port sees cargo throughput rise in 2022

Beibu Gulf Port in south China’s Guangxi Zhuang Autonomous Region saw its cargo throughput reach 370 million tonnes in 2022,...
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San Pedro Bay Ports Release Final Drayage Truck Feasibility Assessment

The ports of Long Beach and Los Angeles have released a final report on the current state and overall feasibility...
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Georgia port gets big delivery in 4 towering new cranes

The Port of Savannah received a massive delivery Thursday: four towering ship-to-shore cranes built to load and unload larger classes...
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Port Of Long Beach Sees Reduced Cargo

Softened consumer spending, increased prices driven by inflation and a shift in trade routes contributed to a dip in shipments...
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USDOT Announces More Than $660 Million Available Through the Port Infrastructure Development Program

The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced a Notice of Funding Opportunity (NOFO) making available more than...
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ARA gasoil stocks swell on Asian and US inflows as Russian imports are phased out

The ARA’s independent gasoil stocks – which include diesel and heating oil – have averaged 13% higher so far this...
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Ukraine seeks higher tonnage ships to boost exports under grain deal

Ukraine’s agriculture ministry has proposed increasing the minimal tonnage of ships which carry grain and vegetable oil from the country...
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China, Greece sign strategic cooperation agreement on shipping finance

The Lujiazui Financial City Council in Shanghai, China, and the Association of Banking and Financial Executives of Hellenic Shipping signed...
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West Africa Oil and Products Imports Facing Structural Shifts

The looming completion of West Africa’s Dangote refinery is expected to have a significant impact on crude and product tanker...
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Adani Gangavaram Port inducts a new loco at the port

Adani Gangavaram Port the deepest and the most modern port in the country today inducted a new Loco Train to...
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Droughts leave cargo riverboats high and dry

Increased droughts are forcing shipping companies to abandon some of the world’s main river cargo routes, warns Ann Christina Sloek-Andersen....
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Korea’s shipping service exports hit record $38bn in 2022

South Korea’s shipping service exports reached an all-time high of $38.3 billion in 2022, breaking the previous record in 14...
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Seafarers wages bill positive step but won’t close loopholes exploited by P&O ferries

The UK government is yet to close the legal loopholes that allowed P&O Ferries and its chief executive Peter Hebblethwaite...
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Maersk to recruit South African cadets for its global fleet

Following an extensive review process, South Africa has been identified as a high potential crew sourcing destination for the A.P....
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DNV awards Michelin first AiP for WISAMO inflatable wing sail

Classification society DNV has awarded an AiP to Michelin for their WISAMO wing sail system. This is the first AiP...
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MOL to Provide Aid to Victims of Earthquake in Turkey and Syria

Mitsui O.S.K. Lines, Ltd. has decided to donate 5 million yen to the Japanese Red Cross Society and 38,000 US...
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Regional regulations bring benefits

Regional regulation has, in the past, been criticised for unfairly skewing a global market, but localised shipping rules can also...
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Baltic index logs sixth straight weekly fall

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth straight...
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