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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More