News Flash

Turkey, Ukraine, UN say Black Sea grain deal extended

The Black Sea Grain Initiative, which covers exports of agricultural products from Ukrainian Black Sea ports has been extended, representatives...
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Easing supply chains likely to keep downward pressure on freight rates

Rates for transporting chemicals on various modes of transportation continue to face downward pressure as reduced demand has helped ease...
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Container prices in Asia take a hit in March 2023 on low demand, higher inventory

Container prices fell in March 2023 due to sluggish consumer demand and excess inventory in Asia, online container logistics company...
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Product Tankers in Asia to Keep Benefitting From Australian Demand

Product tankers and more specifically, MRs are to keep benefitting from increasing demand from Australia. In its latest weekly report,...
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Dry Bulk Market: Capesize Market Keeps Improving, Albeit at a Slower Pace

Capesize The Capesize lifted $2,401 for its time charter average on Tuesday, but failed to keep up the uprising trend...
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HD Hyundai builds industrial alliance for carbon neutrality

South Korea’s HD Hyundai, the world’s largest shipbuilding group, said Friday it is forming the industry’s first alliance for carbon...
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Net-Zero Industry Act must recognize strategic role of shipping for Europe’s security

European shipowners today welcome the EU’s proposed Net-Zero Industry Act. The Act can be step-change in efforts to enhance Europe’s...
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Clean Shipping Coalition: UN at defining moment for 2030 and 2040 climate action on shipping

The International Maritime Organization (IMO) has a historic opportunity in the next three months to put the global shipping industry...
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Baltic index logs fourth straight weekly rise

The Baltic Exchange’s main sea freight index dipped on Friday on weaker demand for capesize and panamax vessels, although gained...
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Diana Shipping Inc. Announces Time Charter Contract for m/v Leonidas P. C. With Cargill

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that,...
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Dynagas LNG Partners LP Retains Positive LNG Shipping Outlook

Dynagas LNG Partners LP, an owner and operator of liquefied natural gas (“LNG”) carriers, today announced its results for the...
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India’s port sector is growing rapidly and contributing to economic progress: PM Modi

he Prime Minister, Shri Narendra Modi has lauded the achievements of Tuticorin VOC port a Y-o-Y growth of 11.35%. The...
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Adani Ports, Mundra has docked its first LNG fueled powered Crude oil Tanker

Adani Ports, Mundra has docked its First LNG fueled powered  Aframax Crude oil Tanker at its SPM (Single Point Mooring)...
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PSA Mumbai dismisses congestion, productivity slowdown reports

PSA Mumbai (BMCT), the new terminal operator at India’s Nhava Sheva Port (JNPT), has denied reports that it is operating...
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Concession Agreement For Vizag Multipurpose Terminal Signed

Visakhapatnam Port Authority has entered into a 30 years concession with Vizag Multipurpose Terminal, an equal joint venture between J...
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TORM purchases three fuel-efficient MR product tankers in a partly share-based transaction

TORM has today entered into an agreement to purchase three 2013-built MR eco product tanker vessels for a total cash...
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MSC as the newest Impact Partner strengthens GCMD’s efforts to help shipping decarbonize

As the world’s largest shipping line, MSC has 730 vessels and the industry’s largest newbuilding orderbook of energy-efficient container ships....
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Fichte & Co. initiates dialogue on emerging legal challenges in maritime and its solutions at FUJCON 2023

Fichte and Co Legal, the UAE’s leading law firm, participated in the 2023 edition of The International Fujairah Bunkering &...
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Marlink and ABS Wavesight™ Partner to Accelerate Maritime Clients’ Digital Transformation

Marlink, the smart network and ICT solutions company, and ABS Wavesight™, the ABS-affiliated maritime software as a service (SaaS) company,...
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ARA gasoil stocks continue to drop, but still near 2-yr high

Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area fell for the third week in...
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