News Flash

Gujarat Ports remain as Port leaders of the country

DEENDAYAL PORT AUTHORITY, KANDLA (DPA) in Gujarat has retained the No. 1 position in terms of traffic volume amongst all...
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Syrian crew die as elderly ship sinks off Turkish coast

A 30-year-old Guinea-Bissau flagged general cargo ship with 14 Syrian crew sank off Turkey’s Mediterranean coast early on Wednesday 5...
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Bulgaria Shuts Its River And Sea Ports To Russian Vessels

Bulgaria has made a decision to close its ports to ships that boast a certificate from Russia’s Maritime Register of...
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CMA CGM and CSSC Sign Largest Containership Order Valued at $3B

CMA CGM is reported to have signed the largest container shipbuilding order placed in China for a total of 16...
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Coastal shipping to get infrastructure status: Sonowal

The union ministry for ports, shipping and waterways has proposed giving infrastructure status to coastal shipping, a government priority. The...
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S. Korea releases revised standards for construction of fuel cell-powered vessels

In a bid to gain competitiveness in the global hydrogen fuel cell-powered vessel market, South Korea has revised standards for...
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Adani Ports records largest ever port cargo volumes but misses full year guidance

Adani Ports has recorded its largest port cargo volumes ever in the current financial year. With a total cargo volume...
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Unlocking much greater efficiency improvement is key to aligning shipping to 1.5ºC by 2030

IMO’s GHG debates have centred on the fuel transition, which is key for the ultimate transition to zero emissions, but...
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IMCA appoints new environmental sustainability lead

The International Marine Contractors Association (IMCA) welcomes a new environmental sustainability lead, Mary Ntamark. Mary began her career in the...
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Baltic index rises as larger vessels demand remains firm

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities rose for third-straight session on...
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Russia using ship-to-ship diesel transfers for transatlantic exports

Russia has started to make ship-to-ship (STS) transfers of diesel near African ports as it seeks transatlantic sales, according to...
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Strong Newbuilding Market Underpins Shipowners’ Optimism

The newbuilding market has strengthened considerably over the course of the past week. In its latest weekly report, shipbroker Allied...
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Suez Canal Unaffected by Tanker “Fender Bender” in Great Bitter Lake

Two Greek-managed tankers had what amounts to a “fender bender” in the Suez Canal yesterday with the authorities reporting that...
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Eight Missing After Cargo Ship Bound for Ukraine Sinks off Turkey

Turkish officials are reporting that a search and rescue operation is underway in the Mediterranean after a small, general cargo...
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UK’s Leading Offshore Producer Lays Off 350, Citing Windfall Tax

The UK's largest offshore oil and gas player, Harbour Energy, has announced that it will be laying off up to...
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A.P. Moller – Maersk launches new US-China air cargo link

In an effort to meet its customers’ end-to-end logistics needs, A.P. Moller – Maersk (Maersk) introduces two new air freight...
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Vitol’s V-Bunkers Unveils First Electric-Hybrid Bunker Tanker in Singapore

Vitol’s Singaporean bunker operations company, V-Bunkers, has today announced that they will be taking delivery of its first electric-hybrid bunker...
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LR and ICS enter partnership to invest in crew insight software

Lloyd’s Register has acquired a 50% interest in ISF Watchkeeper, the leading work and rest hours compliance software solution from...
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Ukrainian grain flows stabilize above average amid turbulent trading

As seaborne Ukrainian grain exports via the Black Sea are stabilizing at above-average levels and shipment size exhibits positive momentum,...
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Capesize second-hand prices surge 22% m/m as rates rebound

In March 2023 China’s economic recovery caused a pick-up in capesize freight rates and in sale and purchase activity for...
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