News Flash

China’s Economy is Rebounding, But Reforms Are Still Needed

China’s economy is set to rebound this year as mobility and activity pick up after the lifting of pandemic restrictions,...
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NYK’s Financial Performance Propelled By ONE Earnings

In the first nine months of the fiscal year ending March 31, 2023 (April 1, 2022 to December 31, 2022),...
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0.5% VLSFO rally cools on flurry of offers

Asia’s spot premium for 0.5% very low sulphur fuel oil (VLSFO) eased on Friday amid a flurry of spot offers,...
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India Signals Change Through Vessel Age Limits

India is taking further steps to lower the footprint that their Shipping trade leaves. It is understood that a number...
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Baltic index logs fifth straight weekly drop on weaker vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fifth straight...
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‘Russia has become India’s largest oil supplier’: Russian Envoy

Russia has become India’s largest oil supplier and significantly contributed to the country’s energy security, said Russian Ambassador to India...
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DP World unit bags $519mln contract for container terminal in India

Hindustan Ports Private Limited, the Indian arm of Dubai-based DP World, has won the contract to develop a Rs 42.43-billion...
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Panama Recovers 15.7 Million Dollars Through The Amp In Wages Owed To Seafarers

During the current administration of the Panama Maritime Authority (AMP), through the General Directorate of Seafarers (DGGM), the historic recovery...
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PIL strengthens SEA linkages with new Thailand Philippines Straits Service (TPS)

Pacific International Lines (PIL) is pleased to introduce a new weekly direct service connecting the key ports of Thailand, Philippines...
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“K” Line Expects Improved Dry Bulk Market Due To Lower Tonnage Supply and an Increase in Coal Demand

1. Qualitative Information and Financial Statement (1) Qualitative Information about the Consolidated Operating Result Due to significant business performance improvement...
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MOL Becomes World’s First Company to Earn AiP for Vessel Cyber Resilience

Mitsui O.S.K. Lines, Ltd. announced that it has obtained Approval in Principle (AiP) from Bureau Veritas, a French classification society...
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HSFO spot market extends slide as supplies weigh

The spot market for high sulphur fuel oil (HSFO) remained under pressure on Thursday as Russian supplies continued to flood...
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‘Party is over’: Hapag Lloyd CEO says freight rates to keep declining

Container freight rates will keep declining in the current realignment of shipping demand and supply, said the chief executive of...
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Soaring Data Demand Calls For Advanced Connectivity Solutions

Accelerating digital development and evolving expectations are driving rapidly rising demand for maritime connectivity, presenting both challenges and opportunities for...
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Baltic index hits over 2-year trough on waning demand for larger vessels

The Baltic Exchange’s dry bulk sea freight index dropped to its lowest level in more than two years on Thursday,...
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China Return to Action Could Trigger a Freight Market Rebound

China’s reopening after the Lunar New Year celebrations, is expected to offer a boost in the freight rate market. In...
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India’s Cochin shipyard commences construction process for 2 ships for Germany

The ceremonial 'steel cutting' was performed for two 7000-ton vessels being built by India's government-run Cochin Shipyard Limited (CSL), for...
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India Seeks Public-Private Partnership (PPP) In Coastal Shipping

On February 1, the Indian government announced its plan to invest in coastal shipping. As per the latest budget allocations,...
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India export prices stay high on strong demand, limited supply

Rice export prices from India rose to their highest level since April 2021 this week, aided by firm demand and...
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Dredging Corporation of India signs historic agreement with IWAI

Dredging Corporation of India (DCI) signed a historic agreement with Inland Waterways Authority of India (IWAI) today. The deal was...
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