News Flash

“K” Line Expects Improved Dry Bulk Market Due To Lower Tonnage Supply and an Increase in Coal Demand

1. Qualitative Information and Financial Statement (1) Qualitative Information about the Consolidated Operating Result Due to significant business performance improvement...
Read More

MOL Becomes World’s First Company to Earn AiP for Vessel Cyber Resilience

Mitsui O.S.K. Lines, Ltd. announced that it has obtained Approval in Principle (AiP) from Bureau Veritas, a French classification society...
Read More

HSFO spot market extends slide as supplies weigh

The spot market for high sulphur fuel oil (HSFO) remained under pressure on Thursday as Russian supplies continued to flood...
Read More

‘Party is over’: Hapag Lloyd CEO says freight rates to keep declining

Container freight rates will keep declining in the current realignment of shipping demand and supply, said the chief executive of...
Read More

Soaring Data Demand Calls For Advanced Connectivity Solutions

Accelerating digital development and evolving expectations are driving rapidly rising demand for maritime connectivity, presenting both challenges and opportunities for...
Read More

Baltic index hits over 2-year trough on waning demand for larger vessels

The Baltic Exchange’s dry bulk sea freight index dropped to its lowest level in more than two years on Thursday,...
Read More

China Return to Action Could Trigger a Freight Market Rebound

China’s reopening after the Lunar New Year celebrations, is expected to offer a boost in the freight rate market. In...
Read More

India’s Cochin shipyard commences construction process for 2 ships for Germany

The ceremonial 'steel cutting' was performed for two 7000-ton vessels being built by India's government-run Cochin Shipyard Limited (CSL), for...
Read More

India Seeks Public-Private Partnership (PPP) In Coastal Shipping

On February 1, the Indian government announced its plan to invest in coastal shipping. As per the latest budget allocations,...
Read More

India export prices stay high on strong demand, limited supply

Rice export prices from India rose to their highest level since April 2021 this week, aided by firm demand and...
Read More

Dredging Corporation of India signs historic agreement with IWAI

Dredging Corporation of India (DCI) signed a historic agreement with Inland Waterways Authority of India (IWAI) today. The deal was...
Read More

0.5% VLSFO premium spikes to six-month high

The spot cash premium for 0.5% very low sulphur fuel oil (VLSFO) surged to a six-month high on Wednesday as...
Read More

Argus launches world’s first biofuel blended ship bunker price

Global energy and commodity price reporting agency Argus today launched the world’s first independently assessed price for ship fuel that...
Read More

Great Eastern Shipping Company consolidated net profit rises 205.52% in the December 2022 quarter

Net profit of Great Eastern Shipping Company rose 205.52% to Rs 627.20 crore in the quarter ended December 2022 as...
Read More

Baltic index falls to over 2-year low as larger vessel rates slide

he Baltic Exchange’s dry bulk sea freight index fell to its lowest since June 2020, weighed by weaker demand for...
Read More

Wartsila sees energy transition ramp up in shipping amid wider energy shifts

The shift to greener fuels in shipping is gathering pace, with a almost a third of orders reflecting that, amid...
Read More

Western tankers ramp up Russian oil shipments under price cap

Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held...
Read More

Significant Fall in Ships Sold for Scrap During 2022

According to new data released today by the NGO Shipbreaking Platform, 443 ocean-going commercial ships and offshore units were sold...
Read More

India to remain fastest growing major economy at above 6% growth

The Indian economy is expected to grow in the range of six per cent to 6.8 per cent in the...
Read More

Economic Survey 2023 pushes for cargo movement through water bodies, ports

Expansion of port capacity and development of inland waterways in India over the next few years will be key to...
Read More
1 202 203 204 205 206 474