News Flash

Slow Tonnage Supply Hinders Ship Recycling Market Activity

Tonnage availability has been hard to come by in the ship recycling market. In its latest weekly report, shipbroker Clarkson...
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e1 Marine to build S130 hydrogen generator for Current AG to support carbon capture system development

Global renewable energy company, e1 Marine, has been commissioned to build an S Series 130 methanol to hydrogen generator by...
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Tankers cillided in Great Bitter Lake, Suez Canal

Product tanker ALIGOTE collided with moored Aframax tanker LYRIC MAGNOLIA at around 0515 UTC Apr 4 in Suez Canal, in Great Bitter Lake waiting...
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Experts Predict Global Demand Of Indian Seafarers Will Rise 20% In Next 10 Years

Vinay Singh, Managing Director of Marine HR at the Anglo-Eastern Group, recently announced that they plan to add an additional...
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National Maritime Day 2023: Date, Theme, History & Significance

National Maritime Day is celebrated on 5 April in India. The first event of the National Maritime Day or the...
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Industrial and Logistics sector leasing probably to slow down to 32-35 million square feet (msf) in 2023

The global real estate consultant’s ‘2023 India Market Outlook’ report said that the industrial and logistics ( I&L) supply forecast is expected to exceed...
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FIR filed against 15 after vessel enters prohibited area

The Mumbai police have registered an FIR against 15 crew members of a fishing boat after it allegedly entered a prohibited area...
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LNG tankers heading to Britain, Belgium, the Netherlands and Germany

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium, the Netherlands and Germany in the...
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Air France-KLM and CMA CGM officially launch their long-term strategic air cargo partnership

Air France-KLM and the CMA CGM Group announced today the effective launch of the long-term strategic air cargo partnership they...
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Saverex NV Intends To Launch A Voluntary And Conditional Public Takeover Bid On Exmar NV

Exmar NV has been informed today by Saverex NV (“Saverex”) that Saverex intends to launch a voluntary and conditional public...
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HSFO firms on bidding flurry; bunker demand falters on crude price surge

Asia’s high sulphur fuel oil (HSFO) market firmed on Monday amid a flurry of bids, though downstream bunkering demand was...
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Ship fuel cost way down from war peak, but ‘green’ fallout looms

The price of ship fuel is now down to around half the post-Ukraine-invasion peak. Second-quarter fuel surcharges for containerized cargo...
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Baltic index rises on firm demand for large shipping vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday buoyed by...
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Adani’s Dhamra LNG Terminal Based In Odisha, India Receives Its First Cargo

The newly built, Rs 6,000 crore LNG import facility based in Dhamra on the Odisha coast, owned by the well-known...
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VLCC interrupted voyage to medevac sick crew, South China sea

VLCC C FREEDOM interrupted her voyage from Korea to Singapore on Apr 1, in South China sea, and called Nha Trang anchorage,...
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Global dealmaking sinks to lowest level in over a decade

Global mergers and acquisitions (M&A) activity shrank to its lowest level in more than a decade in the first quarter...
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Hyundai shipbuilding group’s subsidiary wins $183mln product tanker order from Africa

Hyundai Mipo Dockyard, a shipbuilder affiliated with Hyundai shipbuilding group, has sealed a shipbuilding order for vessels capable of carrying...
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Fujian-based ‘Silk Road Maritime’ shipping association operates 100 intl routes ahead of 5th anniversary

East China’s Fujian Province-based international shipping association “Silk Road Maritime” on Thursday unveiled six new international ship routes, bringing the...
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Adani Ports Completes Acquisition of Karaikal Port

Adani Ports and Special Economic Zone Ltd (APSEZ) on Saturday said it has completed the acquisition of Karaikal Port Pvt...
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Port of Rotterdam Authority and APM Terminals sign the agreement for over 1 billion euros for the expansion of Maasvlakte II container terminal

The Port of Rotterdam Authority is now constructing the new quay walls, which will be completed by mid-2024. The expansion...
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