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Oil product stockpiles drop 1.5% after second-highest annual exports

Oil product stockpiles at the UAE’s Port of Fujairah dropped 1.5% in the week ended Jan. 2, after exports for...
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China Shipowners’ Association joins International Chamber of Shipping

The International Chamber of Shipping (ICS) is pleased to welcome the China Shipowners’ Association (CSA) as a Full Member from...
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Crude tanker rates down double digits after Russia sanctions debut

The EU ban on Russian seaborne crude imports went into effect a month ago. This market-altering event was supposed to...
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Chinese export container rates drop 27% as usual Lunar New Year cargo rush fails

The bad news for liner operators appears to have no end. In a normal year, the weeks leading up to...
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Baltic index hits over 1-month low on weak vessel demand

The Baltic Exchange’s dry bulk sea freight index extended its decline to hit an over one-month low on Wednesday, weighed...
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OPEC oil output rises despite production target cuts

OPEC oil output rose in December, a Reuters survey found on Wednesday, despite an agreement by the wider OPEC+ alliance...
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Container line schedule reliability improves in second half 2022

Global container line schedule reliability saw considerable improvement in the second half of 2022 as supply chain congestion started to...
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Port Houston to impose import container dwell fee

The measure that seeks to address the long stay of containers and reduce congestion at the Bayport and Barbours Cut Container...
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India’s services growth at 6-month high on robust demand – PMI

India’s services industry saw activity increase at the fastest pace in six months during the final month of 2022 amid...
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Chinese ports remain globally competitive despite pandemic in 2022

China’s largest sea ports posted strong performance in 2022 braving the negative impact from the COVID-19 pandemic, with Chinese industry...
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Shipping Corporation of India gets govt nod to split core and non-core assets

The Ministry of Corporate Affairs (MCA) has granted permission to a plan to split the core and non-core assets of...
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Vesconite connected to communication satellite launch

Vesconite Bearings is proud to be associated with an exciting communication satellite launch that took place in September 2022. The...
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IMO progress on revised GHG strategy, Mediterranean ECA adopted

The Marine Environment Protection Committee (MEPC 79) of the International Maritime organization (IMO) has made progress towards revising the Initial...
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Baltic index logs worst day in decades as vessel demand wanes

The Baltic Exchange’s dry bulk sea freight index on Tuesday posted its worst decline on record, pressured by waning rates...
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Tsakos Energy Navigation’s Ship Delivers First LNG cargo at Germany’s LNG terminal in Wilhelmshaven

Uniper brought Germany’s first full cargo of liquefied natural gas (LNG) to the new LNG terminal, operated by Uniper, in...
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China’s Crude Oil Imports Retreated During 2022

Crude oil imports into China were down 4.6% year-on-year during the first 11 months of 2022. In its latest weekly...
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MSC to connect India with the East Mediterranean

MSC (Mediterranean Shipping Company) has included JubailCommercial Port in Saudi Arabia in the port rotation of one of its shipping...
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India accelerate plans for shipping hub at Andaman and Nicobar Islands with connections to South East Asia

India is seeking to speed up ambitious plans to convert the strategicallysituated Andaman and Nicobar Islands into a shipping and...
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Ship From The Elizabethan Period Discovered Buried In Quarry

In 2022, workers of CEMEX who had been dredging for aggregates found at a quarry on the Dungeness Headland, Kent,...
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Shipping throughput of Three Gorges Dam hits new record

The shipping throughput of the Three Gorges Dam, the world’s largest hydropower project, hit a new record in 2022, the...
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