News Flash

Brazil’s largest port privatization clears the decisive Audits Court

The privatization of Brazil’s largest and busiest sea terminal, the Port of Santos clears another barrier. In effect the final...
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Sonowal launches India’s first Centre of Excellence for Green Port & Shipping

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal on Saturday announced India’s first National Centre of Excellence for Green...
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Shipping sector sets sail into ‘greener waters’ with wind energy

The shipping industry, lagging far behind other sectors in global decarbonisation goals, is returning to one of the oldest marine...
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MNWB initiates the implementation of seafarers’ welfare activities MLC2006 worldwide

Dr. N. Reuben Paul Chairman of Merchant Navy Welfare Board (India) conducted seafarers welfare conference. The members of MNWB Advisory...
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Tankers and COP27: Will the Existing Financial Conditions Prolong Oil Demand Growth?

The current energy crisis and cost of living conditions could hinder climate goals in favor of fossil fuels. This, in...
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U.S. container freight is shrinking

Container freight volumes at the largest U.S. ports were down 3.8% in September compared with the same month a year...
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Tankers: VLCC Market on “Rally” Mode

Clean The Middle East Gulf has been relatively static this week on the LRs. The TC1 index has held in...
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Sanctions could lift already booming product tankers to new heights

What if country A needs diesel, and country B, located right next door, has that diesel, which it refines from...
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The global shipping industry is facing a new problem — too many containers

While there was a shortage of containers at the height of the pandemic, the global economy is now facing the...
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MISC Group Expects Strong LNG Market in the Short-Term

MISC is pleased to announce its financial results for the third quarter ended 30 September 2022. Financial Highlights: •Group revenue...
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Texas Freeport LNG restart delay causes vessels to seek other ports

A few liquefied natural gas (LNG) vessels have turned away from the Freeport LNG export plant in Texas over the...
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Bulk carrier deliveries could hit 19-year low in 2024, boosting contracting

Contracting of bulk carriers spiked in 2021 and reached 48.4 million DWT, driven by a positive congestion driven cycle which...
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Baltic Extends Losing Streak To Sixth Session On Capesize Retreat

The Baltic Exchange’s dry bulk sea freight index extended its losing streak to a sixth consecutive session on Thursday, pressured...
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China’s Real Estate Slump is Hitting the Dry Bulk Shipping Market

The demise of the Chinese real estate market has caused a ripple effect in the dry bulk shipping market. In...
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New LNG battery hybrid vessel in traffic at the Port of Gothenburg

The short sea shipping line UECC started a new service to the Port of Gothenburg in April, in the light...
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Polluting shipbreaking practices threaten Ghanian shores

In light of the recent infrastructure developments taking place at its main ports of Tema and Takoradi, Ghana is aiming...
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Debt Surges; Worst May Be Behind for Indian Downstream Firms

The worst may be over for Indian oil marketing companies (OMCs) after a significant debt increase in the second quarter...
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India’s unwavering appetite for Russian crude lifts Oct inflows to multiyear highs

India’s appetite for Russian crudes in October rose to levels not seen in recent years and surpassed volumes shipped by...
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IRISL Opens Offices in India

The Islamic Republic of Iran Shipping Lines has opened offices in different parts of India to boost its activities in...
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China Wins More Shipbuilding Orders than Korea in October

Korean shipbuilders fell behind their Chinese rivals in order intake in October. Global ship orders in October amounted to 3.41...
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