News Flash

India will do better than most of its Asian peers in 2023

India: At a glanceIndia’s economy is bucking the global trend, showing signs of strength in the third quarter of 2022...
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Paradip Port enters 100-MMT cargo handling ‘exclusive club’

Paradip Port Authority (PPA), Odisha’s lone major port, has achieved yetanother 100 million metric tonnes (MMT) cargo handling milestone for...
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Rise in ship anchorages in Strait of Georgia has some communities worried about environmental impacts

Days after a bulk freighter lost power and had to be towed to the coast of Greater Victoria, the incident...
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Adani Group completes purchase of Israel’s Haifa Port

A consortium led by India’s Adani Group has completed the purchase of Haifa Port in northern Israel for 4 billion shekels ($1.15 billion), Israel’s...
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China’s reopening could boost Australia’s economy by 1%, JPMorgan says

Australia’s economy could be no small beneficiary of an end to China’s zero-Covid policy over the next two years, according...
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Some shipping firms face hardship, some gain

In the context of rising interest rates and the US dollar, many port and shipping companies are confronting difficulties, but...
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Shipowner Pleads Guilty to Violating U.S. Sanctions on Iranian Oil

A naturalized U.S. citizen who was illicitly involved in oil trading with Iran is facing a maximum of 10 years...
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Scorpio’s first-quarter rates liftoff comes in face of twin headwinds

If a $14,000 per day improvement from already-strong fourth-quarter rates does not excite you, maybe wait a few weeks. That...
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Baku International Sea Trade Port continues operating normally despite snowy weather

Baku International Sea Trade Port (Port of Baku) continues to operate normally despite heavy snow, Spokesperson for the Port of...
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Container shipping stocks decline on lower freight rates

South Korean container shipping stocks, which surged after the Covid-19 pandemic, are falling amid concerns about an economic downturn and...
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Shipping companies need to allow more time for crew changes as the industry sees more workers from non-traditional seafaring countries, says leading specialists

Shipping companies should allow at least three months for crew changes due to the recent rise in seafarers from South...
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Baltic index falls, panamax hits lowest in two years

The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities, slipped on Tuesday, on lower...
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Cyber-attack on ShipManager, a DNV software

DNV confirms its ShipManager software was victim of a cyber-attack on the evening of Saturday 7 January. DNV experts have...
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China cancels crew change quarantine against Covid

China’s Ministry of Transport, Ministry of Foreign Affairs, National Health Commission, General Administration of Customs, National Immigration Administration and National Bureau of Disease...
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Release deal sought as judge sets oil ‘theft’ trial for VLCC crew

A judge on Tuesday ordered that 26 crew members of a VLCC should stand trial next month in a controversial...
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IMO, IAPH and BIMCO look forward to Hybrid Maritime Single Window 2024 Symposium 18-19/01/23

IMO, IAPH and BIMCO have announced the agenda of the upcoming symposium which will be taking place at the iconic...
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Early Year Dry Bulk Demand Could Favor an Increase in Freight Rates

China and India appear to be ramping up their import “engines”. China recently agreed to boost iron ore imports from...
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World’s biggest ship skips India in blow to its trade goals

Prime Minister Narendra Modi’s goal of making India the world’s factory risks being held back by the country’s inability to...
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Ctg port asks importers to take quick delivery of dangerous goods

The Chattogram port authorities have called upon importers to take quick delivery of dangerous goods in order to keep port...
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Direct shipping line launched between Iran, Cuba

Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari said a direct shipping line has been launched between Iran and...
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