News Flash

All administration tasks in OpenDXM GlobalX 9.4 now in the web

PROSTEP AG’s maintenance customers can now download the new version 9.4 of the OpenDXM GlobalX data exchange platform via the...
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Hapag-Lloyd and CMA CGM Add a New Service to Jeddah Islamic Port

The Saudi Ports Authority (Mawani) has today announced the addition of the Indamex 2 (IN2) shipping service, a route jointly...
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KARMOL Secure $71 Million Loan From Japanese Banks for SENEGAL FSRU

Karpower International B.V. (Karpowership) and Mitsui O.S.K. Lines, Ltd. have reached a deal with Japan Bank for International Cooperation (JBIC)...
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Baltic index extends fall as vessel rates falter

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Wednesday, pulled...
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Newbuilding Orders for Chinese-Built Dry Bulk Carriers On the Rise

Newbuilding activity for 2023 has began to pick up the pace, with the main focus, so far, being orders on...
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U.S. Coast Guard responds to spill in Mississippi River after vessel capsizes

The U.S. Coast Guard said it was responding to an oil spill in the Mississippi River after a dredging vessel...
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Kazakhstan recruits Abu Dhabi Ports to develop Caspian tanker fleet

United Arab Emirates’ Abu Dhabi Ports will help Kazakhstan to build a tanker fleet in the Caspian Sea, reducing the...
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Asyad Shipping to bolster its fleet with two new LNG carriers

Asyad Shipping – the shipping arm of Oman’s global integrated logistics service provider Asyad Group – signed an agreement with...
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FSO Safer: Plans to salvage rusting oil tanker delayed by rising shipping costs

A rusting oil tanker that has been described as a “floating time bomb” moored in the Red Sea is still...
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India’s Russian oil binge drags down OPEC’s share to lowest in 2022

Russia became the third-largest oil supplier to India in 2022, making up about 15% of total purchases, dragging down OPEC’s...
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Naphtha margin down, but China optimism cushions fall

Asia’s naphtha refining profit margin inched lower on Wednesday as crude prices jumped about 1%, but the drop was limited...
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Government set to ban 25-year-old oil tankers, bulk carriers and other ships calling Indian Ports

The government is set to ban 25-year-old oil tankers, bulk carriers and general cargo vessels, both Indian registered and foreign...
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Exports slide 12% on recession fears; trade deficit widens to $23.76 bn

India’s merchandise exports contracted 12.2 per cent year-on-year (YoY) in December to $34.48 billion as slowing external demand amid recession...
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Containers stuck at ports despite SBP order: KATI

President of the Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman has expressed concerns that containers are still stuck at...
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Electricity constraints force Canada’s first LNG terminal to delay renewable shift

Shell PLC’s LNG Canada export project in British Columbia plans to start building its proposed second phase with natural gas-powered...
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Ascenz secures a first contract in Mexico for its electronic fuel monitoring system solution

Ascenz, a GTT Digital company, has been selected by a major Mexican ship-owner to equip a tanker with its Electronic...
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Spot 380-cst HSFO extends gain on stronger bidding

Asia’s spot cash differential for 380-cst high sulphur fuel oil (HSFO) extended gains to a second straight session on Tuesday...
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The BMA launches comprehensive online reporting tool for use by managers and owners

In line with The Bahamas Maritime Authority’s (BMA) commitment to consistently high standards and exceptional service, it is pleased to...
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Baltic index falls to fresh multi-year lows on lower capesize rates

The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities, fell to fresh multi-year lows...
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Indian, European oil firms evaluating bids for Guyana blocks

Guyana’s upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according...
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