News Flash

India is eyeing on ₹35KCr investments by 2047 to create a network of waterways

Sanjay Bandopadhyaya, Chairman of the Inland WaterwaysAuthority of India (IWAI), said that India is eyeing an investment of ₹35,000 crore...
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Spot 380-cst HSFO market slips into discount

The spot cash differential for 380-cst high sulphur fuel oil (HSFO) slipped into discounts on Friday, as ample supplies continued...
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Singapore 2022 bunker sales down 4.2% on year, lowest since 2019

Bunker fuel sales in Singapore in 2022 fell 4.2% to 47.88 million mt, the lowest in three years and reversing...
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Global oil demand returns to growth trajectory

Record global petroleum consumption is on the cards for 2024, according to the U.S. Energy Information Administration’s first forecast for...
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Baltic index hits over 2-1/2-year low on weak vessel demand

The Baltic Exchange’s main sea freight index on Friday fell to its lowest since June 2020 as demand across all...
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Indonesia Coal Finds Its Way to the EU and Indian Markets

Indonesia’s coal exports surged during 2022, with the EU and India receiving the lion’s share of these increases. In its...
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From importer, India can be exporter of energy, says Nitin Gadkari at Auto Expo 2023

Greater Noida (Uttar Pradesh) , January 12 (ANI): India is seriously thinking about alternative fuel and the country needs leadership...
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India to seek easing of EU steel quotas, tarrifs in trade talks

India will seek an easing of European Union steel import quotas and tarrifs in talks for a new trade deal...
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Danica Crewing Specialists adds Indian seafarers to its international crew pool

International crewing expert Danica Crewing Specialists now has a presence in Mumbai, boosting its recruitment and crew supply operation with...
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Saudi Arabia Boosts its Maritime Connectivity with LSCI Jump

The Kingdom of Saudi Arabia has registered a significant improvement in the UNCTAD’s Liner Shipping Connectivity Index (LSCI) for Q4...
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Waning vessel demand drags Baltic index lower

The Baltic Exchange’s main sea freight index on Thursday posted its worst day since the start of this year on...
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LNG Tankers Most Popular Among Newbuilding Orders

The popularity of LNG tankers among newbuilding orders is rather evident over the past few weeks. In its latest weekly...
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IMB Calls for Vigilance While Highlighting Drop in Piracy in 2022

The ICC International Maritime Bureau (IMB) is once again highlighting the continuing decline in global piracy incidents against vessels while...
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EoI for Rs 17,000cr transhipment port in Nicobar Islands by Jan-end

The Kolkata port on Thursday said an Expression of Interest (EoI) for the country's first mega container transhipment port at...
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Sea-Intelligence reports volume shrinking in North America West Coast

Sea-Intelligence noted in its latest report that when annualised against 2019, volume growth on the North America West Coast (NAWC) stagnated during the...
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VLSFO premium rises as inventories fall

Asia’s very low sulphur fuel oil (VLSFO) market gained on Thursday after stocks at Singapore trading hub declined to a...
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New Mangalore Port Authority first new member of 2023

We are pleased to announce that New Mangalore Port Authority has joined IAPH as our first new regular member of...
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Damen, NAPA and Bureau Veritas successfully deploy 3D classification approvals for first ship design

Damen Engineering has announced the completion of its first vessel design to be entirely created, reviewed and class-approved using 3D...
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Baltic index hits over 4-month low as vessel demand wanes

The Baltic Exchange’s main sea freight index dropped to a more than four-month low on Wednesday, pressured by weaker demand...
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Ship Recycling: Bigger but Fewer Ships Were Sent to India in 2022, as Bangladesh Rec

The ship recycling market in 2022, wasn’t that much different to 2021, in terms of the level of activity. In...
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