News Flash
Container shipping under pressure globally due to high interest rates : S&P Global Commodity Insights
Container shipping, globally, will be “under pressure” because of high interest rates and inflationary pressures across developed economies; which in turn brings in “recessionary...
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DCI gets ₹172 cr dredging order from Paradip Port Authority
Paradip Port Authority’s marine department has awarded Dredging Corporation of India a project worth ₹172 crore to dredge the approach channel, entrance...
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CEPA is the growth engine for India-UAE bilateral trade
On the occasion of the first anniversary of the implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), Commerce Secretary Shri Sunil...
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Asia Poised to Drive Global Economic Growth, Boosted by China’s Reopening
Asia and the Pacific is a relative bright spot amid the more somber context of the global economy’s rocky recovery....
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DSME acquisition could be approved by shipbuilder’s board soon
The board of Daewoo Shipbuilding & Marine Engineering (DSME) will likely approve the acquisition by five Hanwha companies of the...
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HMM, Samsung Heavy Industries, Panasia, and Korea Register of Shipping to collaborate on reducing carbon emissions
On April 28, HMM, Samsung Heavy Industries, Panasia, and the Korean Register of Shipping signed a business agreement for integrated...
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Singapore ammonia bunkering gets reality check from port authority, industry
Top global ship fuelling hub Singapore is unlikely to be ready for ammonia bunkering by the end of this year,...
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VLSFO spec issues in Q1 as Europe weans off Russian feedstocks
Europe’s marine fuel supplies faced quality issues in the first quarter as the industry scrambled to replace Russian blendstocks with...
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Cyprus shipping will continue improving, minister says, as revenues continue recovery
Deputy Minister of Shipping Marina Hadjimanoli this week said that as a leading maritime nation, Cyprus has a duty to...
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Sea bridges gap in digitising freight industry with acquisition of MarDocs
Sea, the intelligent marketplace for fixing freight, has announced the agreed purchase of MarDocs – a recap and charterparty management...
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Crew of VLCC Detained in Nigeria Released After 9 Months
After being detained for almost nine months in Nigeria on charges of attempting to lift oil from an offshore platform,...
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World’s Second Deepest Blue Hole Of 900 ft Found in Mexico
Black holes seem to have cousins that appear in the oceans. They are mostly unexplored and are called blue holes....
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A Berthing Plan Fails
A bulk carrier was approaching its assigned berth under pilotage. The Master and a helmsman were on the bridge. The...
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2 Crew Members Dead, 3 Missing After Ship And Dredger Collides Near Corregidor Island
According to the Philippine Coast Guard, the MV Hong Hai 189 and the MT Petite Soeur crashed near Corregidor Island...
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Tanker on Fire Off Malaysia; Three Missing
Three crew members of a Gabon-registered tanker were missing after the vessel caught fire on Monday in waters off Malaysia’s...
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Tanker Seized by Iran Carrying Kuwaiti Crude and has Indian Crew
An oil tanker seized by Iran last Thursday was carrying Kuwaiti crude and had a crew of 24 Indians, according to the...
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Seatrium-TCOMS Ocean Lab Established To Advance Design And Operational Performance Of Smart Ocean Systems And Infrastructure
Seatrium Limited (Seatrium) and the Technology Centre for Offshore and Marine, Singapore (TCOMS) announced the establishment of the Seatrium-TCOMS Ocean...
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Fujairah’s HSFO market faces stiff competition as demand shifts to Khor Fakkan
Rising competition from high sulfur fuel oil suppliers at the nearby Sharjah port of Khor Fakkan increasingly attracts buyers’ interests,...
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Soft demand pushes ocean spot rates to ‘their lowest sustainable level’
Weak demand in the three major ocean trades, coupled with the expected flood of new tonnage, will feed declining rates,...
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Baltic index logs third straight monthly rise on strong capesize demand
The Baltic Exchange’s main sea freight index slipped on Friday, but posted its third straight monthly gain, supported by increasing...
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