News Flash

Drewry urges shippers to start planning for decarbonisation in shipping, warns of up to $14 billion in extra costs

The imperative to decarbonise the global shipping industry is clear and present, however, many of the world’s largest importers and...
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Baltic index edges lower as smaller vessels weigh

The Baltic Exchange’s dry bulk sea freight index (.BADI) edged down on Thursday to snap a four-session winning streak, as...
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Tanker Market Revival Could Prompt More Ship Acquisitions

Tanker owners could be prompted to sell a part of their fleet in order to take advantage of the existing...
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Energy shipping boom: Propane tankers breach $100,000 a day

Fossil-fuel shipping is going from strength to strength and shows no signs of peaking. Rates for some very large gas...
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Depots to face the brunt of container surplus well into 2023; demand for containers to bounce back in long-term

The industry is witnessing a major slump in the order-to-inventory ratio with high inventories but slower demands. According to the...
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Ship Demolition Continues its Lackluster Trajectory

The ship recycling market has continued to show a lack of activity over the past week. In its latest weekly...
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India: Govt may give time to local vessels before fixing age limits for operation

Even as the government looks to fix age limits for ships operating in Indian waters, to ensure overall safety and...
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Fate of Indian sailors aboard oil carrier seized by Equatorial Guinea Navy hangs in the balance

The fate of Indian sailors of the Norwegian-flagged very large crude oil carrier MT Heroic Idun that was arrested in the Equatorial...
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Ships carrying $2 billion in natural gas are waiting off Europe’s coast for prices to rise so they can cash in, report says

More than 30 tankers carrying liquefied natural gas are idling off Europe’s coast as traders hold out for higher market...
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SHIPPING: Russian oil flow to Asia may not slow on insurance glitch

Asia’s purchase of Russian crude is unlikely to be deterred by issues relating to insurance after the G7 base price...
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Inflation stalks vessel operating costs

Vessel operating cost inflation has accelerated in 2022 on mounting worldwide macroeconomic price pressures, despite some receding of Covid-19 related...
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Baltic index up as capesizes hit one-week high

The Baltic Exchange’s dry bulk sea freight index (.BADI) rose on Monday as higher demand for capesize vessels offset a...
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Iraq approves 2-year funds for Faw port project

Iraq has approved two-year budget allocations for the completion of the multi-billion-dollar Al Faw Grand Port project involving building one...
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Tankers: Diesel Shortages in the EU and the US Could Generate more Cargoes from Asia

One of the main shortages caused by the existing conditions in the energy markets and the looming sanctions, revolves around...
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Sri Lanka, India discuss common maritime challenges

The navies of India and Sri Lanka have discussed ways to strengthen bilateral cooperation and actions to overcome common maritime...
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Opportunities for growth increasing in maritime sector, says Sonowal

Be it Sagaramala, National Logistics Policy or the PM Gati Shakti plan, several important initiatives have been taken by the Centre...
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Container handling at Ctg port sees continuous fall for three months

Revenue collection at Chattogram Customs House has declined as container handling through Chattogram port has been decreasing continuously for the...
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The Liberian Registry signs an MoU with HHI, AVIKUS and DNV to develop autonomous ship technology

The Liberian Registry, the world’s second largest ship registry, signed a memorandum of understanding (MOU) with maritime industry technology leaders...
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“K” LINE enters into Long-Term Time Charter with QatarEnergy for Five Newbuilding LNG vessels

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce the execution of five long-term Time Charter contracts through joint...
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Container shipping giant to set up $2b fund to reduce carbon emissions

French shipping giant CMA CGM will invest US$1.5 billion ($2.12 billion) over the next five years to accelerate its energy...
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