News Flash

NYK and Ghelia Form Business and Capital Alliance Establishing a Strategic Partnership to Promote the Creation and Utilization of AI Services in the Shipping Industry

Nippon Yusen Kaisha (NYK) and GHELIA INC. (Ghelia) have entered into a business and capital alliance agreement that comes with...
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Chinese cargo ship sinks off the coast of Japan

A cargo ship that sank off the coast of Japan on Tuesday, amid poor weather conditions, has left eight people...
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SEDNA advances all-in-one email solution with new AI features to reduce manual and repetitive work processes

SEDNA, the innovative email solution designed to enhance business operations, has rolled out new updates to its all-in-one digital platform....
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ClassNK issues approval in principle (AiP) for large ammonia fueled BC jointly developed by MOL and MITSUI

ClassNK has issued an Approval in Principle (AiP) for a large ammonia fueled 210,000 DWT bulk carrier jointly developed by...
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Cyprus shipping making waves

Cyprus shipping, the steady driver of the economy, is sailing for better times, having survived the war in Ukraine almost...
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MOL and Mitsui Acquire AiP for Large Ammonia-powered Bulk Carrier

Mitsui O.S.K. Lines, Ltd. and Mitsui & Co., Ltd. announced that they have received Approval in Principle (AiP) from the...
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Dry Bulk Market: Capesizes Down More Than 50% in the Space of 10 Days

Capesize The Capesize timecharter average (5TC) lost more than 50% of its value since the middle of last week. The...
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Surging European ton-mile demand fails to lift inbound Panamax coal freight

Vessel oversupply in the Atlantic Basin has pushed Panamax freight rates to multiyear lows in January, despite robust growth in...
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AG&P speeding Philippines, India LNG terminals development

Global LNG logistics company Atlantic Gulf & Pacific International Holdings hopes to start operations at its first Philippines LNG import...
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Upstart Indian Shipper Helps Get Russian Oil to Market

Russia has managed to keep its oil moving to world markets, defying fears that sanctions imposed last month would lead...
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Indian Shipping Ministry launches marine logistics portal to smoothen sea trade

The Ministry of Ports, Shipping and Waterways on Friday launched the national logistics portal–marine (NLP-M), which is a single-window platform...
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Greece approves construction of FSRU off Athens

Greece has approved the construction of a floating gas and regasification unit (FSRU) off Athens after a fast-track process, its...
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NYK to Build Its Fifth LPG Dual-Fuel Very Large LPG / Ammonia Carrier

NYK is delighted to announce the order of its fifth liquefied petroleum gas (LPG) dual-fuel very large LPG / liquefied...
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MOL is the First Japanese Company to Join First Movers Coalition’s Shipping Sector- Toward the Decarbonization of the Ocean Shipping Industry

Mitsui O.S.K. Lines, Ltd. announced that it joined the Shipping Sector of the First Movers Coalition (FMC) during the World...
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Progress on Shipping’s Underwater Noise Impact Welcomed, but IMO Falls Short of Immediate Action

The Clean Arctic Alliance today welcomed progress made this week by the International Maritime Organization (IMO) to address the impact...
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VLSFO crack logs weekly gains of over 25%

Asia’s refining cracks for very low sulphur fuel oil (VLSFO) posted weekly gains of more than 25% on Friday, led...
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Dry Bulk Market Rebound Expected on Pro-Growth China Policies and Increased Grain Exports

Taylor Maritime Investments Limited, the specialist dry bulk shipping company, announced that as at 31 December 2022 its unaudited NAV...
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Baltic index records fourth consecutive weekly drop on capesize dip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its fourth consecutive weekly...
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“Shipping Digest”: Ships Over 25 Year Old Banned From Indian Waters, Two Tier Market in the Tanker Segment

Shipping is always full of developments and this past week is no different. In its latest weekly report, shipbroker Xclusiv...
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India is a true bright spot in the midst of a global downturn, top execs and policymakers say

With 2023′s World Economic Forum in Davos dominated by discussions of economic growth, or a lack of in most developed...
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