News Flash

India: Exports rise marginally to $32 bn in Nov; trade deficit lowest in 7 months

India’s merchandise exports grew just 0.59 per cent year-on-year in November at $31.99 billion, as tepid external demand and fears...
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Carriers look to be on back foot for eastbound Pacific contract negotiations as market weakens

Next year’s containerized freight contracts for the eastbound trans-Pacific lane are likely to settle at steep discounts to 2022 as...
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Oil Tanker Day Rates To Be Supported By The EU’s Ban On Russian Crude

Over the past 12 months, global container shipping rates have steadily declined to their long-term averages as supply chain snarls...
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Decarbonization in the grain shipping sector is not all about increased costs

Climate change and its deadly consequences from drought, rising sea levels, and the increased frequency of extreme weather events and...
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IMO to bring carbon intensity rules online despite ongoing CII controversies

The International Maritime Organization, UN’s global regulatory body for shipping, will soon introduce its first set of emission regulations despite...
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Dry Bulk Market: Capesizes Surge Forward

Capesize The Capesize sector saw a surge, especially in the Atlantic since midweek. More cargo from West Africa came to...
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247 Greek-Owned Shipping Companies And Their 1,976 Vessels Honored For Rescuing Ships In Distress

Hundreds of Greek shipping companies were recognized for their participation at the AMVER program last year, during the 30th anniversary...
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Tankers To Stay the Course During 2023

The tanker market is expected to stay firm during 2023, with both demand and supply fundamentals expected to help the...
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IMO MEPC 79: promising development towards effective global climate regulations for shipping

In its first in-person session in three years, the IMO Marine Environment Protection Committee 79 (MEPC 79) addressed a broad...
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Ever-lengthening list of ‘unprecedented crises’

2022 was supposed to be the year of post-pandemic and post-lockdown re-openings, but – as ING’s global head of macro,...
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Baltic index logs best week in 12 on capesize demand

The Baltic Exchange’s dry bulk sea freight index rose on Friday and posted its biggest weekly percentage gain since late-September,...
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IMO: As Momentum Builds, NGOs Call for Concrete Proposals To Reduce Black Carbon Impact on Arctic

As a meeting of the International Maritime Organization’s Marine Environment Protection Committee closed Friday in London (MEPC 79), the Clean...
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MEPC 79: Belgium and Namibia join forces in green hydrogen production to hasten shipping Decarbonisation

On behalf both countries, the Ambassador of Belgium, Bruno van der Pluijm and the High Commissioner of Namibia, Linda Scott,...
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iTerminals Project Tests Standard Digital Language For Container Terminals In Real Operations

On 13 December, the European consortium of the iTerminals4.0 project, an initiative led by Fundación Valenciaport and co-financed by the...
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Sanction-Busting Russia’s Vessels Consistently Going Under The Radar

Wherever sanctions on smugglers, trade, and Western restrictions on Russia are no exception, smuggling takes on dangerous forms on a...
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ECB to start offloading bond holdings in March

The European Central Bank said it would start reducing its 5 trillion euros’ ($5.3 trillion) worth of bond holdings from...
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New international medical app available for all seafarers

Τhe Mariners Medico Guide is a unique app, designed and tailored for seafarers. It provides step-by-step guidance for treating crew...
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Seafarers detained in Egypt for carrying prohibited items

Our local correspondent in Egypt reports an increase in cases where seafarers have been detained for carrying prohibited items, such...
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Cold comfort for carriers, as resilient reefer spot rates finally fall

One of the most steady performers in the ocean freight spot market has finally begun to follow the wider industry...
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Reduced Ice, Increased Shipping Noise Impacts Arctic Marine Life

The newly released Arctic Report Card 2022 received from the National Oceanic and Atmospheric Administration (NOAA) in the US includes...
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