News Flash

War on the Black Sea Enters its Second Year

When Russia invaded Ukraine early on February 24, 2022, many predicted a short conflict. Russia drove on the Ukrainian capital of Kyiv...
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Chevron Announces Lower Carbon LNG Fleet Modification Project With Sembcorp Marine

Chevron Corporation (NYSE: CVX), through its subsidiary Chevron Shipping Company LLC, announced entrance into an agreement with Sembcorp Marine Repairs...
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A Bangladeshi Vessel Sinks In The Hooghly River

A part of a Bangladesh-bound general cargo vessel loaded with fly ash reportedly collided with one more vessel. It submerged...
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US West Coast ports, dockworkers continue negotiations; Asia-US container rates steady to lower

West Coast dockworkers and ports are continuing to negotiate on a new contract, Asia-US rates for shipping containers were steady...
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Black Sea agriculture trade tilts in Russia’s favor after one year of war in Ukraine

Russia’s share of trade in the international agriculture markets has risen one year after it invaded Ukraine, with the country’s...
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Dry Bulk Market: Capesize Market Finds Its Footing, as Demand Increases

Capesize Results from Rio Tinto and BHP disappointed this week, but there was hope that with China reopening it would...
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Cargo ship grounded by storm, Philippines

Cargo ship MANFEL CARRIER V was pushed aground by rough weather in the morning Feb 25, after her engine broke...
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Adani Total to start operations at Indian LNG terminal by mid-June

Adani Total Private Ltd will receive its first liquefied natural gas (LNG) cargo at the Dhamra terminal on India’s east...
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Migrant shipwreck in Italy kills at least 59, including 12 children

At least 59 people died, including 12 children, when a wooden sailing boat carrying migrants to Europe crashed against rocks...
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Ports of Halifax and Hamburg sign agreement to develop “Open Innovation Platform”

The two port authorities of Hamburg and Halifax have officially inked a memorandum of understanding (MoU) to set up a joint...
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Insurers count the cost of ships snagged in Ukraine crisis

Insurers are facing half a billion dollars in claims for up to 60 commercial ships still stuck in Ukraine a...
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Largest wind-assisted shortsea roro returns to service

Luxembourg-headquartered CLdN is bringing back its roro Delphine into service following a successful retrofit of two tilting rotor sails. The 2018-built vessel...
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Canada tightens ballast water regulations

Canada’s Minister of Transport Omar Alghabra last week announced funding of C$12.5m ($9.2m) to launch the Ballast Water Innovation Program,...
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Shipping Industry Urges UN to Help Free Seafarers Trapped in Ukraine

The maritime industry is urging the United Nations to help free hundreds of seafarers and dozens of ships that remain...
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Hong Kong To Become An International Maritime Centre With $2.5 Million Budget

On Wednesday, February 22, Paul Chan, the Hong Kong Financial Secretary, revealed that the country is trying to boost regional...
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MCA approves demerger of core and non-core assets of Shipping Corp

The Ministry of Corporate Affairs (MCA) on Thursday issued an official order approving the proposed demerger of the core and...
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General cargo ship broke in two, sank, 11 crew missing, Russia

General cargo ship SEAMARK loaded with some 3,000 tons of marble chips broke in two and either sinking or already sank, at Novorossiysk...
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Possible Fake ITCO Membership Invoices: Be very careful

This is Kate from ITCO. Please read this email carefully, as it contains important information. We have discovered that, once...
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Shreyas Shipping signs MoU to acquire one container vessel

The leading player in the container feeder operations segment posted a 24.48 percent decline in its net profit for the...
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LR and Icebreaker One announce a research programme to drive investment in net-zero shipping

Lloyd’s Register (LR) has announced a new research project with Icebreaker One, an independent, non-profit organisation which aims to support...
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