News Flash

Container Shipping Companies Splurge on Newbuildings

The newbuilding market has been lit on fire as major container liners have moved forward with their newbuilding plans. In...
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Columbia Group unveils ambitious plans for ground-breaking new digital platform to boost vessel performance

The operational performance of a vessel is set to be boosted with an innovative new digital solution designed to provide...
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Wärtsilä and Berge Bulk complete maritime industry’s first inline shaft generator retrofit

The technology group Wärtsilä has successfully retrofitted an inline shaft generator system on the ‘Berge Toubkal’, a cape-size bulk carrier...
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VLSFO market steadies; regional supplies ease

The 0.5% very low sulphur fuel oil market in Asia held steady on Tuesday as expectations of lower regional supplies...
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Wilhelmsen Ship Management and Affinity Shipping team up to launch full EU emissions reporting and trading services

Wilhelmsen Ship Management (WSM) and Affinity Shipping have signed a Memorandum of Understanding (MOU) to jointly establish an independent company...
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We Can Stop Duplicating Financing Fraud This Year, Says International Chamber Of Commerce United Kingdom As New Initiative Launched

The International Chamber of Commerce United Kingdom (ICC United Kingdom) has announced a new initiative to strengthen the UK finance...
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Ship-to-ship loadings of Russian Urals oil hit record in Med. in January

Ship-to-ship (STS) loadings of Russian Urals blend crude oil hit a record high in January in the Mediterranean as traders...
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New wave of sanctions to hit Clean Tanker market

A fresh round of EU sanctions on Russia that will include refined petroleum products are set to come into force...
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RightShip: Climbing cases of seafarer abandonment places profits above people as $40 million is lost in unpaid crew wages

Reported rates of seafarer abandonment show no signs of slowing, with current figures listing 9,925 men and women cast adrift...
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Baltic Index Extends Fall On Lower Rates For Panamax, Supramax

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fifth straight...
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Ship Recycling: Positive Steps Made for the Industry

The ship recycling industry is undergoing significant changes in various countries. In its latest weekly report, shipbroker Clarkson Platou Hellas...
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Directorate General of Shipping criticizes ports banning scrubbers

 Directorate General of Shipping published a circular, noting that some of the country’s ports are currently not permitting the use of...
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World’s latest container ship EVER ACME transits Suez Canal on 1st sea voyage

The World’s latest giant container ship, EVER ACME, crossed the new navigational channel of the Suez Canal on its first-ever...
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Global container port congestion to decline through 2023

Pre-berth waiting times showed clear signs of improvement towards the end of 2022 despite, increasing disruption due to transport sector...
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Car carriers booked solid, container ships being considered

The Ministry of Oceans and Fisheries proposed the use of container ships to export new cars in order to support...
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Tankers International launches a new CII feature for popular VLCC fixture app

Tankers International, the world’s leading shipping pool for VLCCs, today announced the launch of a new CII feature for its...
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UK government missing out on nearly £2bn a year by not taxing shipping pollution

Cash-strapped Britain could benefit from an additional £1.8 billion a year if it were to tax shipping emissions, a new...
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Baltic index hits nearly three-year low on weaker vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to the lowest in...
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NIMASA Successfully Rescues Seven Distressed Workers On A Vessel In Lagos

A team of coastguards who were associated with the Deep Blue Project, a maritime security outfit that has been funded...
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India’s growth needs deep analysis, not constant trumpeting

Although India is among the world’s fastest growing major economies, there is still confusion over how to interpret India’s growth...
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