News Flash

Asia is expected to be flooded with more fuel oil supplies in 2023 as Kuwait’s new Al-Zour refinery ramps up...

The Indian government may review its stance on Chinese investments to help global firms looking to relocate to the country,...

South Korea’s three biggest shipbuilders lost their world’s No. 1 title in ship orders for the second consecutive year but...

The UAE and India have opened up a new vista for bilateral cooperation in the maritime industry. Dr. Sanjeev Ranjan,...

Residual fuel oil stocks at key trading hub Singapore dipped from the previous week, official data showed on Thursday, as...

Post-COVID-19, global trade has been on a resurgence. From a quarterly low of $4.9 trillion in the second quarter (Q2)...

A year ago, fear was a big driver of the supply chain crunch: fear that goods wouldn’t arrive on time,...

Euroseas Ltd., an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that...

The global fleet has grown this year, but at various speeds for different ship markets, while the main differentiating factor...

At least a dozen objections have been filed till Monday before the Ministry of Corporate Affairs by vendors and stakeholders,...

Per reports, Ship reinsurers have faced huge losses, and hence the insurers of ships have decided to cancel covering war...

China’s shipbuilding sector topped the global market in 2022 in terms of orders and vessel completion, according to industry data...

Chinese customs announced on Wednesday that it would revoke anti-COVID-19 measures, including nucleic acid testing, at ports of entry for...

From January to November of 2022, the cargo volume of Chinese ports was 14313.1million tons, a year-on-year increase of 0.7%;...

Oil product stockpiles at the UAE’s Port of Fujairah rose 7.1% in the week ended Dec. 26, capping a record...

More than 400,000 Filipino seafarers have been on edge since an audit conducted by the European Maritime Safety Agency, or...

The national legislature plans to add clauses about reducing carbon emissions in the shipping industry to the Marine Environment Protection...

The Americas clean tanker market is poised for an uncertain 2023, with freight volatility exacerbated by the ongoing displacement of...

As the freight markets shifted tides during 2022, so did ship values. In its latest weekly report, shipbroker Allied Shipbroking...

Indian shoppers walk through a mall in New Delhi. CEBR has suggested that in the current fiscal, India’s growth is...