News Flash

Baltic index slips on weak capesize, panamax demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a four-session winning streak...
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Demolition Market Quietens As Tonnage Supply Is Scarce

Anoticeable lack of tonnage supply is keeping the ship recycling industry quiet. In its latest weekly report, shipbroker Clarkson Platou...
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India Sends Ship For Evacuation From Port Sudan Under “Operation Kaveri”

According to S. Jaishankar, the Indian External Affairs Minister, 500 Indians have arrived to board the INS Sumedha in Port...
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UN to Pump Out Oil From Decaying Oil Tanker off the Yemen Coast

Dutch dredging and heavy-lift company Boskalis, through its subsidiary SMIT Salvage, has reached an agreement with the United Nations Development...
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UK-flagged Capesize bulk carrier aground, breached. Company Statement

The Zodiac Maritime operated vessel INDIAN PARTNERSHIP, in the Ceram Sea, while on course to China carrying bauxite ore, hit an...
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Global Shipping Companies Reduced Speeds Off California Coast To Protect Blue Whales And Blue Skies

Twenty three shipping companies participated in Protecting Blue Whales & Blue Skies vessel speed reduction program in 2022, contributing to cleaner air,...
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New Report Provides IMO with a Following Wind for Reducing GHG Emissions from Ships

In anticipation of the upcoming Marine Environment Protection Committee (MEPC) 80 meeting of the International Maritime Organization (IMO) in early...
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Yacht with Five Aboard Goes Missing in Red Sea

A private yacht with three Russians and two Egyptians on board has been reported missing in the Red Sea near the coast of...
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BW LPG signs first deal to fully support female cadets in India

Singapore shipowner BW LPG’s Indian joint veture is claiming a first after meeting the study costs of female cadets. BW...
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Marlink signs strategic partnership with NORMA Cyber to further enhance cyber protection of maritime industry

Marlink, the smart network and ICT solutions company, has signed a strategic agreement with NORMA Cyber to strengthen the cyber...
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World’s Largest Methanol Engine Marks “Unbelievable Achievement”

HHI-EMD – an MAN Energy Solutions two-stroke licensee – marks milestones in Korea with successful FAT of world’s largest methanol-powered,...
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First shipping contract with freight earnings linked to carbon dioxide emission reduction

KCC Chartering AS (“KCCC”), a subsidiary of Klaveness Combination Carriers ASA (“KCC”) and South32 Marketing Pte Ltd, a subsidiary of...
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Baltic index ticks up on firm capesize, supramax demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Monday, aided...
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Indian, Russian Companies Sign Pact on Seaborne Transportation

D “The parties have plans to organize direct marine services from Mundra and Nhava Sheva ports to Novorossiysk and St....
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ONE CEO Says US-China Tensions Add to Global Trade Shifts

Political tensions between the US and China are contributing to lower container shipments between the world’s two largest economies, on...
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Hapag-Lloyd concludes acquisition of Indian terminal operator stake

The acquisition deal was inked in January 2023 when Hapag-Lloyd had made an agreement with an affiliate of Bain Capital...
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Filipino Sailors Can Serve On Canadian-Flagged Ships For The First Time Ever

The Philippines and Canada have reportedly signed a deal that has cleared the way for sailors from the Philippines to...
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Laker aground at the same spot she grounded year ago

Self-discharging bulk carrier KAYE E. BARKER ran aground at around 0950 LT Apr 24 at Muskegon Lake entrance fairway, Great...
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China, Philippines pledge to resolve maritime differences in South China Sea

1 / 6Chinese Foreign Minister Qin Gang, (right) and Philippine Foreign Affairs Secretary Enrique Manalo shake hands during the welcome ceremony...
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Maritime SaaS Platform Selects Spire Global as AIS Data Provider

Spire Global, Inc., a leading global provider of space-based data, analytics and space services, has been selected by Enqlare, a...
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