News Flash

2030 And 2040 Climate Action Shipping Hangs In The Balance At The UN, Following A Week Of Talks

Countries must keep the pressure on the UN to commit to reducing emissions from global shipping before 2030, in the...
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Bearish container shipping demand hits container prices and leasing rates across Europe

Excess containers stranded across Europe are causing congestion bottlenecks and space shortages at ports, warehouses, and storage yards, according to...
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India: Manned Submersible For 6000 Meter Deep Ocean Mission Will Be Ready By 2026

The Earth Sciences and Science and Technology minister of India, Dr. Jitendra Singh mentioned that the Deep Ocean Mission has...
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Various Initiatives And Projects Undertaken Under Sagarmala Programme To Facilitate Shifting Of Cargo From Conventional Land-Based Transportation To Coastal Shipping Mode

Under Sagarmala Programme, various initiatives and projects have been undertaken to facilitate shifting of cargo from conventional land-based transportation to...
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Bulk carrier detained, drug search under way

Bulk carrier FRIENDLY ISLANDS was berthed at Maceio, Brazil, in the morning Mar 24, to undergo a thorough drug search by jointly...
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Teekay Corporation Completes $30 Million Share Repurchase Program and Announces New Share Repurchase Program

Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that the Company has completed its previously-announced $30 million share repurchase...
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Standard Chartered signs agreement to provide digital solutions to shipping industry

Standard Chartered Bangladesh and Mediterranean Shipping Company Bangladesh Ltd (MSC) have recently signed an agreement. According to the agreement, MSC’s...
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Six Companies Team up to Build, Operate Japan’s 1st Methanol-fueled Coastal Tanker

Mitsui O.S.K. Lines, Ltd., MOL Coastal Shipping, Ltd., Tabuchi Kaiun Co., Ltd., Niihama Kaiun Co., Ltd., Murakami Hide Shipbuilding Co.,...
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US-led alliance launches drone patrols to monitor Gulf energy shipping lanes

The latest ship attack around the Arabian Sea shows that even with a reopening of diplomatic relations between Saudi Arabia...
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Oil spills and near misses: more ghost tankers ship sanctioned fuel

An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near...
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European Green Deal: Agreement reached on cutting maritime transport emissions by promoting sustainable fuels for shipping

The Commission welcomes the political agreement reached between the European Parliament and the Council that increases the maritime transport sector’s...
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Baltic index gains as capesize rates rebound

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday buoyed by...
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Shipping ministry to establish three Indian Ports as Hydrogen Hubs

The Ministry of Ports, Shipping, and Waterways (MoPSW) will develop two ports on India's east coast and one port on...
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Massive Strike in Germany Forces Closure of Hamburg Port

A strike organized by public employees has forced the Port of HAMBURG to close down for more than 48 hours. As the...
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Port of Montreal to Implement AI System to Reduce Vessels’ Carbon Footprint

Montreal Port Authority and Global Spatial Technology Solutions (GSTS) have announced a new project aimed at reducing the carbon footprint...
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India: Coal, crude oil spike lead port cargo charge in FY23, shows govt data

India’s state-owned ports have registered a strong growth during the 11 months of the ongoing financial year due to enhanced...
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Supply chain innovation central to LISW23 as DP World comes onboard as exclusive International Logistics Sponsor

The smooth flow of world trade will be a central topic at this September’s London International Shipping Week 2023 (LISW23)...
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Crew Transfer Vessel for Ishikari Bay New Port Offshore Wind Farm Named “Rera As” The NYK Group’s First Domestic CTV Operation

On March 15, NYK announced the name of a crew transfer vessel (CTV)* for the Ishikari Bay New Port offshore...
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Shipping Corporation of India share jumps as PSU fixes record date for demerger

Shipping Corporation of India demerger: Shipping Corporation of India (SCI) share price today ascended in early morning deals. In opening...
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Global freight slump deepens at the start of 2023

Global freight movements continued to dwindle in the first two months of 2023 as manufacturers and distributors struggled to reduce...
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