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Seven Islands Shipping expands fleet with a medium range oil tanker

Seven Islands shipping Ltd, backed by Indian born Canadian businessman Prem Watsa – led Fairfax India holdings. In 2022, U.S....
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Indian Register of Shipping (IRS) undertakes classification services for Floating Dock and New Generation OPVs at Goa Shipyard

The leading classification society, Indian Register of Shipping (IRS), is providing classification services for two major new construction ‘naval’ projects...
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Wilhelmsen enters into agreement to acquire Navadan, to join forces and grow further within tank and cargo hold cleaning

Throughout the last 25 years, Navadan have built themselves into a strong player within tank and cargo hold cleaning in...
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Crude oil tanker rates cool off as Chinese imports rise

As China eases COVID restrictions and opens up its economy, new trends are emerging in the shipping industry. The Chinese...
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VLSFO premium rises for fifth straight session

The spot cash premium for 0.5% very low sulphur fuel oil (VLSFO) rose for a fifth consecutive day on Monday,...
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New advisory committee launched to address major maritime issues impacting Filipino seafarers

Global leaders from organisations representing seafarers, shipowners and other maritime employers signed a memorandum of understanding with the Philippines’s Department...
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Cyprus floats automatic ship tonnage tax renewal to buffer sector

Cyprus has suggested automatic renewals of tonnage tax systems as one of a series of measures to halt defections and...
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Ample supply likely to weigh on Asian HSFO market

The Asian high sulfur fuel oil market is likely to be bogged down for most part of 2023 by ample...
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Baltic index near multi-year low; capesize and panamax rates edge up

The Baltic Exchange’s main sea freight index was unchanged on Monday, languishing near the multi-year low touched last week, as...
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Asian Markets Are Dominating Russian Crude Trades

The tanker market is expected to continue being influenced by the structural shift of seaborne oil flows. In its latest...
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Pacific Basin Shipping Purchases Six Second-hand Vessels as Part of On-going Fleet Renewal and Growth Strategy

Pacific Basin Shipping Limited (“Pacific Basin” or the “Company”, 2343.HK), one of the world’s leading dry bulk shipping companies, is...
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Singapore 2022 bunker fuel sales dip 4.3% y/y to 47.9 mln tonnes

Sales of marine fuel in Singapore, including sales of liquefied natural gas and biofuels, fell 4.3% year-on-year to 47.9 million...
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Asia-US container rates stable this week as ocean freight begins to normalize

Rates for shipping containers from east Asia and China to the US were largely stable this week, an indication that...
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Dry Bulk Market: Capesizes Endure Significant Losses

Capesize The Capesize market had a positive opening on Monday followed by consecutive declines on the timecharter routes. The Cape5TC...
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Russian oil shipped to Asia in Chinese supertankers amid ship shortage

At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trading sources and tracking data, as...
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Revised IMO GHG Reduction Strategy Could Be Coming Sooner, Rather Than Later

Regulatory pressure on shipping to further move towards emissions reduction, is only going to get higher as months go by,...
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India’s trade deficit with China breaches $100 billion first time

India’s trade deficit with China breaching $100 billion for the first time in2022 according to the latest data released by...
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Ctg port to start handling 10m-draught vessels tomorrow

The Chattogram port is now equipped to handle large container vessels, featuring 10-metre-drought and 200-metre-length, as the country’s principal port...
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Tankers: VLCCs Continue Trending Downwards

Clean The CPP tanker market remained mostly under pressure this week and this was reflected in the BCTI dropping by...
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India’s major ports see 9 per cent increase in traffic handled in April-Dec period

India’s 12 major ports have seen a 9 per cent increase in traffichandled, y-o-y, for the April – December period....
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