News Flash

North America container import rates plummet from record highs amid peak season flop

Container shipping rates for North American imports have plummeted since the start of the year, with box volumes on the...
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China slowdown sounds alarm bells for dry bulk market

Stormy seas lie ahead for the dry bulk market as the shipping industry comes to terms with the new environmental...
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UN shipping agency inches towards 2030 emission reduction goal

This week’s round of technical talks at the UN’s maritime regulator showed countries are prepared to phase out shipping emissions...
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Dry Bulk Market: Capesizes Rise Again

Capesize The Capesize market was positive over the week, rising in excess of $1,200 to close at $13,957. In the...
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Product Tankers: Middle East and US to the EU Will be a Dominant Trade Route Moving Forward

The product tanker market is expected to benefit significantly from the sanctions imposed on Russian crude and products, like diesel...
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India Nov thermal coal imports at 10 month-low as local output soars

India’s thermal coal imports fell to the lowest levels in 10 months during November, data from consultancy Coalmint showed, mainly...
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S. Korea: More LNG Carrier Orders Anticipated Next Year

Mozambique is resuming its LNG development project and contracts of Hyundai Samho Heavy Industries and Samsung Heavy Industries are expected...
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G7 Russian oil price cap evolves from revenue squeeze to market anchor

When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo...
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Shipowner Decarbonisation Survey Identifies ‘Collaboration Crisis’

A survey of shipowners conducted by design and engineering consultancy, Houlder, has highlighted that reliance on ad hoc collaboration between...
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Turkey says will hold tankers for checks despite queue to pass Bosphorus

Turkey’s maritime authority said on Thursday it would continue to block oil tankers without appropriate insurance letters from its waters...
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Dry bulk market seen set to remain invested in traditional bunker fuels for next 5 years

Despite the push for decarbonization and alternative carbon-neutral fuels in the maritime sector, only a third of dry bulk shipping...
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Spot rates out of Far East almost 2000 USD cheaper per FEU than long-term rates in dramatic turnaround

The ocean freight rates landscape in the Far East has been completely redrawn since the start of the year, with...
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PPA S.A.: Infrastructure upgrade and reconstruction works at the Perama Ship Repair Zone successfully completed

PPA S.A. announces the successful completion of large-scale infrastructure upgrade works at the Eastern side of Pier II at the...
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India Debates Specific Law For Maritime Piracy

A bill that seeks to come up with a law to adequately deal with piracy in international waters was reportedly...
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AD Ports Group signs partnership agreement with Agthia Group

Agthia Group, one of the region’s leading food and beverage companies, today announced that it has signed a Memorandum of...
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Harbor Lab secures €6.1 million in seed funding to help shipping companies better manage port expenses

Maritime tech startup, Harbor Lab, has secured €6.1 million in funding to further develop its shipping disbursement analysis software program....
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Marlow Strengthens Offshore Division

The latest initiative gathers all offshore related ship management activities from within the Group, establishing a competent service provider catering...
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Nor-Shipping targets renewable potential with first Norwegian Offshore Wind pavilion

Nor-Shipping has announced that its 2023 event, taking place in Oslo and Lillestrøm, 6-9 June, will feature a dedicated offshore...
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Coast Guard faults pilot in Chesapeake Bay ship grounding

A Coast Guard investigation into the grounding in March of a cargo ship in the Chesapeake Bay faulted the pilot...
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Shipping industry and unions sign MOU to preserve cooperative spirit of pandemic

Unions representing seafarers and maritime employer groups have come together to sign a new memorandum of understanding (MOU) to take...
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