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Roads for port connectivity: Project awards gather pace

The ministry of road transport and highways will award 15 port connectivity projects with total length of 352 km in...
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A. P. Moller – Maersk completes acquisition of project logistics specialist Martin Bencher Group

A.P. Moller – Maersk (Maersk) announces the completion of its acquisition of Martin Bencher Group, a Danish Project Logistics expert...
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Castor Maritime Inc. Announces Filing of a Revised Registration Statement for the Proposed Spin-Off of its Tanker Fleet

Castor Maritime Inc, a diversified global shipping company, announced today that its Board of Directors, consisting of its independent disinterested...
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New shipping regulation to combat global warming is under fire

The ocean shipping industry is just days away from the debut of the Carbon Intensity Indicator (CII), a new regulation...
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Decarbonization Panama and the Ship Registry’s commitment

Currently the Panama Registry, through its incentive program for shipowners and companies, promotes the construction of efficient ships that generate...
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Maritime and data: Seven predictions for the year ahead

As the worst stages of the COVID-19 pandemic receded in 2022, maritime businesses may have expected a return to normality....
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Two-tier freight market may keep global tanker rates firm

Global tankers freight across clean and dirty products segments will likely be firm in 2023 but unlike the spectacular gains...
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Ship Recycling Starts 2023 Looking for More Activity

The ship recycling market has had a challenging 2022, with a general lack of activity. In its latest weekly report,...
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Dynagas LNG Partners seals new Equinor charter deal

New York-listed Dynagas LNG Partners has struck a new time charter deal with Equinor for the ice-class LNG carrier Arctic Aurora. ...
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Ecuador Reports 400% Rise In Drug Trafficking Via Shipping Containers

By Yury Garcia (Reuters) Insecurity in Ecuador is hurting the Andean country’s exports of products like bananas and shrimp, an...
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Euroseas Boxship Sold for Scrap as Environmental Regulations Loom

Just weeks after admitting that the age profile of its fleet that is tilted towards older vessels is expected to...
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Armed Pirates Rob Two Offshore Vessels in Bay of Campeche

The offshore oil and gas sector in Mexico's Bay of Campeche is a longtime hotspot for armed robbery, often linked...
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China’s Lockdowns are Over, but its Shipping Outlook is Still Mixed

Beijing’s on-and-off COVID lockdowns created serious challenges for shipping in 2022, and even though pandemic-era controls have eased, the trade outlook...
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Indian Coast Guard Rescues 12 Members Of Sinking Vessel Off Gujarat Coast

The Indian Coast Guard (ICG) rescued 12 crew members of a sinking supply vessel in the Arabian sea off the...
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Cruise passengers stranded after marine growth halts ship

Hundreds of passengers have been stranded on a cruise ship off the Australian coast after a potentially harmful growth was...
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Third of world in recession this year, IMF head warns

A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF)...
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India can be among top 10 countries in global maritime trade ranking: Union Minister Sarbananda Sonowal

Union Minister Sarbananda Sonowal on December 31 said India can be among the top ten countries in the global ranking...
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Love them or hate them, the IMO’s new global carbon regulations start this weekend

The International Maritime Organisation’s new carbon regulations are just two days away from implementation. The measures include the Carbon Intensity...
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EU gas price cap could tighten LNG supplies into Europe as Asia reassesses favorable markets

The EU’s Eur180/MWh gas price cap would not impact Asian LNG trade flow in the near term but could tighten...
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Rising supply from Kuwait, Russia to weigh on Asia fuel oil in 2023

Asia is expected to be flooded with more fuel oil supplies in 2023 as Kuwait’s new Al-Zour refinery ramps up...
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