News Flash

Over 17.4m tons of basic goods unloaded in ports in 9 month

As reported by Iran’s Ports and Maritime Organization (PMO), 17,449,670 tons of basic commodities were unloaded in the ports of...
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Infrastructure hurdles loom as North American manufacturers eye diversifying supply chains

North American importers are reevaluating their dependence on Chinese goods after the pandemic revealed the value of a diversified supply...
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Second LPG Dual-Fuel VLGC for Astomos Named “Lantana Planet”

On September 16, a naming ceremony was held at Sakaide Works of Kawasaki Heavy Industries Ltd. for a new VLGC...
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Japan’s First: MOL Concludes Global Commitment Line Agreement through Transition Linked Loan- Expanding Financing Base and Promoting Environmental Strategies

Mitsui O.S.K. Lines, Ltd. announced that it concluded a commitment line agreement through a transition-linked loan with Sumitomo Mitsui Banking...
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380-cst HSFO dips on selling interest; Fujairah stocks extend slide

Singapore’s 380-cst high sulphur fuel oil (HSFO) market softened on Wednesday as selling interest emerged, while landed stocks at Fujairah...
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Container shipping’s ‘big unwind’: Spot rates near pre-COVID levels

The billion-dollar question for container shipping markets at the beginning of 2022 was: “Party on or the big unwind?” It...
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Faster inventory replenishment cycles expected in 2023; depot space to remain tight and operational costs to remain elevated

The holiday season, now at its peak, is going to trigger an early burn-out of inventories in the US, which...
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Macroeconomic, China real estate woes may pressure dry bulk market

Bleak global macroeconomic indicators, coupled with uncertainty in the Chinese real estate sector, are expected to keep the dry bulk...
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Newbuilding Activity Rather Firm Despite Holiday Season

The newbuilding market has seen its fair share of activity, despite the Holiday season. In its latest weekly report, shipbroker...
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Vitality under COVID-19: China’s smart ports aid increased throughput

China’s Qingdao Port, a subsidiary of Shandong Port Group and the second-largest foreign trade port in east China’s Shandong Province,...
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Retailers Pull Back From Using Chartered Cargo Ships

Retailers are moving away from using chartered ships to get around pandemic-triggered disruptions now that congestion at ports has cleared...
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Oman inks deal for two new LNG carriers worth over $500mln

Asyad Shipping – part of Asyad Group, the Sultanate of Oman’s global integrated logistics service provider – has signed an...
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S. Korea foresees recession in falling freight prices, wages

Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourth-largest economy heavily depends on...
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Rates to stay flat for Ukraine grain cargo insurance

A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate...
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Russian sanctions, demand uncertainty create conflicting crude tanker environment

The Americas dirty tanker markets will continue to face a bullish yet uncertain 2023 as increased ton-mile demand induced by...
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Indian Register Of Shipping Completes Prototype Testing Of Indigenously Manufactured ISO Containers

Indian Register of Shipping (IRS), the leading international ship classification society, has completed prototype testing of indigenously manufactured containers in...
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UP to develop dry ports, freight container stations to boost exports

Land-locked Uttar Pradesh, which is aiming to become a trillion-dollar economy by 2027, will develop a network of dry ports...
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New service links Hamad Port with other major ports

QTerminals has announced the commencement of India to East MED (Mediterranean) service, which connects Hamad Port with other major ports....
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Import storage costs settlement process for port of Gwangyang

We would like hereby to announce the important change in storage costs settlement process applicable to import cargoes to Gwangyang...
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Product Tanker Sinks in Bangladesh’s Meghna River, Spilling Fuel

A tanker full of diesel has gone down in Bangladesh's Meghna river after colliding with another vessel, spilling a large...
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