News Flash

China and India easing away from Russian crude oil may be temporary

There are signs that China and India are pulling back from buying Russian crude oil ahead of the Group of...
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India: Government To Monetize 9 Majors Ports Between FY22-25 Under NMP

The Government of India is prioritizing maritime development to enable ports to identify and resolve bottlenecks in enhancing multimodal connectivity,...
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Visakha Container Terminal sets new record in productivity

Visakha Container Terminal set a record on November 17, 2022, where its highest productivity to date was achieved on the...
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UAE set sights on 50mln containers by 2032

The UAE will continue to promote its shipping sector as it recognising the critical role of the maritime sector in...
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Enagas says LNG backlog at Spanish ports has eased

Spanish gas grid operator Enagas said on Friday a backlog at its terminals that had forced it to warn it...
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Russia denies slowing inspections for Ukraine grain ships

Russia’s ambassador to Turkey said on Friday that Moscow sends its representatives to more ship inspections in Istanbul per day...
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Robust Aframax rates lure LR2 tankers into dirty market

Strong Aframax freight rates for hauling crude and fuel oil are luring clean Long Range II, or LR2, product ships...
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Methanol as an alternative fuel for container vessels

Methanol holds significant potential as a future ship fuel and has recently emerged as a major topic in the discussion...
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Older Tankers in High Demand

Demand for tankers aged from 15-years and older have been in high demand in the secondhand market. In its latest...
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Newbuilding Activity Picks Up

Newbuilding ordering activity kept up its rising trend over the course of the previous week. In its latest weekly report,...
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HHI Group’s 3 Shipbuilding Affiliates to Go on Strike in December

The labor unions of HHI Group’s three shipbuilding companies — Hyundai Heavy Industries, Hyundai Mipo Dockyard, and Hyundai Samho Heavy...
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Indian Tycoon Adani’s Mega Port Hangs In The Balance As A Fishing Community Protests

On the main road to billionaire Gautam Adani’s planned Vizhinjam mega port on the southern tip of India, a shelter...
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OC1 Schedule adjustment Olga Maersk 247N Port Chalmers Port Omission

Due to operational delays, it has been confirmed that OLGA MAERSK 247N will omit Port Chalmers for schedule recovery purposes...
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Southern California’s Container Ship Backup Ends

Officials declared an end to the backup of ships at Southern California’s ports more than two years after vessels began...
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S. Korea: Transport Workers to Support Truckers’ Walkout by Not Offering Shipping Alternative

A transport workers’ union of the Korean Confederation of Trade Unions has decided to support the general strike by the...
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The Role of Methanol in Shipping’s Energy Transition Explored at First London Methanol Summit

Leading players in the maritime industry joined ABS and the Methanol Institute (MI) for a deep dive into the potential...
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Russian oil moving to Asia on older vessels elevates shipping risks: Trafigura CEO

The global oil market has witnessed the mushrooming of smaller trading firms who are moving Russian oil much longer distances...
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Momentous changes in the cargo ship fleet

Asteady growth trend has evolved in the world merchant ship fleet during the past few years. But this broad view...
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Baltic index snaps 9-day losing streak on capesize gains

The Baltic Exchange’s dry bulk sea freight index rose on Wednesday for the first time in ten sessions, helped by...
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A.P. Moller – Maersk adds Khazaen Dry Port to its global network of port calls

A.P. Moller – Maersk (Maersk) has added Khazaen Dry port (KDP), part of Asyad Group, to its extensive ‘Port of...
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