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Shell-backed consortium confirms EU grant deal for hydrogen-fueled tanker project

A consortium comprising Shell, TECO 2030 and some others has finalized a grant agreement with the EU to retrofit a...
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Baltic index posts worst day in five weeks on lower vessel demand

The Baltic Exchange’s dry bulk sea freight index fell on Thursday, marking its biggest one-day percentage loss in five weeks,...
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MCA: New rules to update maritime training

New regulations signed this month will reinforce the Government’s commitment to supporting UK seafarers. The new rules, which come into...
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India’s Coal demand likely to peak between 2030-2035

The demand for coal is continuing and likely to peak between 2030-2035 being an affordable source of energy with substantial...
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Newbuilding Activity Declines as Holiday Season Approaches

The newbuilding ordering activity has been lower over the course of the past week, as is the case, traditionally, during...
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Indian buyers warm up to Mozambique thermal coal on competitive pricing

Indian buyers are increasingly making space for thermal coal sourced from non-traditional destination Mozambique, as prices have been largely competitive...
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Recession, rate hikes seen jamming brakes on global 2023 earnings growth

Corporate earnings growth is expected to slow in the year ahead in many countries as higher inflation and rising interest...
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Mixed signals from the US economy for 2023

The economic, financial, and political chaos of 2022 has exposed the limits of forecasting. Recall the outlook from mid-2021, when...
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Egypt parliament speaker defends Suez Canal authority bid for $4m private fund

Egypt’s parliament speaker on Tuesday defended a draft law submitted by the government seeking to allow the Suez Canal’s authority...
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Turkish Mediterranean Ports’ Expansion May Bring Overcapacity

Fitch Ratings-London-20 December 2022: Some ports in the East Mediterranean region of Turkiye will increase capacity in the coming years,...
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MOL and GAIL to Strengthen Partnership- Sign Time Charter Contract for Newbuilding LNG Carrier and Joint Ownership of Existing LNG Carrier

On December 20th, Mitsui O.S.K. Lines, Ltd.(MOL) and GAIL (India) Limited (GAIL;Headquarters: New Delhi), a central public sector undertaking under...
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Dozens of merchant ships stuck off Iran as payment snags bite

Dozens of merchant ships with grains and sugar are stuck outside Iranian ports after weeks of delays as payments snags...
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PIL makes first CA reefer delivery of fresh avocadoes to Singapore

Pacific International Lines (PIL) is pleased to announce that it has made its first delivery of fresh avocadoes to Singapore...
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Rajya Sabha passes Maritime Anti-Piracy Bill

Rajya Sabha on Wednesday passed a Bill which the government said would provide an effective legal instrument to combat maritime...
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Maritime Employees Threaten Shutting Ports Over IOCs Denial To Employ Dockworkers

The Maritime Workers Union of Nigeria (MWUN) has reportedly called on the Federal Government to compel International Oil Companies (IOCs)...
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India extends halt on futures trade in key farm commodities by a year

India’s market regulator extended the suspension of trading in derivative contracts of key farm commodities by a year as the...
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China tightens verification of ships’ energy consumption data

From 22 December 2022, ships trading to Chinese ports must record their energy consumption data in accordance with the requirements...
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India’s post-COVID spending boom drives two-speed economy

India is set to be the world’s fastest growing major economy in the year ahead, as a post-pandemic retail boom...
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Global economy in steep slowdown: World Bank

After about a year of uncertainty in 2022, global economy is in a steep slowdown, according to the latest report...
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China keeps benchmark lending rates unchanged for 4th consecutive month

China kept its benchmark lending rates unchanged for the fourth consecutive month on Tuesday, matching expectations, but markets increasingly see...
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