News Flash

Maersk: accelerating the transition from fossil fuel follower to green industry leader

Sustainability underpins A.P. Møller-Maersk’s pledge to be the responsible logistics partner of choice for the chemical industry. Global Vertical Head...
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Tanker rates for refined petroleum products reach multiyear highs during 2022

Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel,...
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Baltic index scales over one-month peak on capesize demand

The Baltic Exchange’s dry bulk sea freight index rose on Wednesday to its highest level in more than a month,...
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Newbuilding Ordering Activity Picks Up Pace

The newbuilding market has picked up pace this week, with more orders being reported. In its latest weekly report, shipbroker...
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Container demand eases in November

The Georgia Ports Authority moved 464,883 twenty-foot equivalent container units in November, a decrease of 6.2 percent or 30,866 TEUs...
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Oil product stocks rise 6.6% on week led by middle distillates

Oil product stockpiles at the UAE’s Port of Fujairah climbed 6.6% to a three-week high in the seven days ended...
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Ascenz to provide its state-of-the-art “smart bunkering” solution for the first time in Europe

Ascenz, a GTT Digital company, has been selected by a major European ferry owner to equip two vessels with its...
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India-UK negotiations on free trade agreement to continue – Indian trade ministry

– Negotiations on a Free Trade Agreement between India and Britain will continue, India’s trade ministry said on Tuesday, following...
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India’s industrial output drops to 26-month low as rate hike hits demand

India’s annual industrial output contracted 4% in October, its weakest performance in 26 months, after revised growth of 3.5% in...
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German investor morale rebounds to highest since Ukraine war

German investor sentiment staged another recovery in December, reaching its highest level since the war began in Ukraine, as inflation...
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MPC Container Ships executes further portfolio optimization measures

MPC Container Ships ASA is pleased to announce new measures for portfolio optimization and capital allocation. The Company has entered...
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Hapag-Lloyd CEO sees bounce in shipping demand as short-lived

Germany’s Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company...
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Cargo Solutions doubles its operations in its second year

Following the new framework established by the Union Customs Code (UCC) in January 2021 Hutchison Ports BEST has gone on...
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Turkey reaches deal over new crude tanker insurance regulations

Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude...
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Baltic index hits one-week low as larger vessel rates slide

The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday to its lowest level in a week, weighed down...
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Margin pressure looms for container terminal operators

Despite the challenges of Covid-19 and port congestion, container terminal operators were successful in improving their profit margins in 2021...
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Ship Recycling: Small Container Ships Sold for Scrap

The ship recycling market has had a positive week after a long time, thanks to a renewed supply of vintage...
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The UAE President inaugurates Khalifa Port expansion

His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, inaugurated Khalifa Port’s expansion – a major development...
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Maritime protection strengthened through alliance

Courts have stepped up efforts to safeguard national marine rights and interests, protect the marine ecology and environment and promote...
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NYK Holds Training Program for Nominated Staff from around the World

From 5th to 9th December, NYK held “Global NYK Group Week 2022,” a training program for nominated locally hired staff...
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