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Navios Maritime Partners L.P. Reports 2022 Net Income of $579.2 Million

Navios Maritime Partners L.P., an international owner and operator of dry cargo and tanker vessels, today reported its financial results...
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Global Sustainability Standards Chief Expects Strong Take Up Of Climate Rules

The head of a global standard setter for corporate sustainability disclosures said he expected more than 40 countries to adopt...
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Vopak Agencies now a Wilhelmsen company

Wilhelmsen Port Services has completed its acquisition of Vopak Agencies which was first announced on 13 October 2022. Vopak Agencies,...
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Sri Lanka to spend 132 mln USD on port development projects

Sri Lankan Minister of Ports, Shipping and Aviation Nimal Siripala de Silva has said the government will spend around 132...
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Seacoast Shipping gains on signing contract with Dubai firm

Seacoast Shipping Services surged 4.40% to Rs 3.56 after the company signed contract with Dubai’s Maria Shipping for providing shipping...
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Joint investment in methanol conversion kits for diesel engines paves the way for fossil-free shipping

Marine design and engine developer ScandiNAOS AB, Chalmers University of Technology and the Swedish Maritime Administration (SMA) have launched a...
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Spot 180-cst HSFO flips into premium

The spot cash differential for 180-cst high sulphur fuel oil (HSFO) flipped into a premium on Monday as the supply...
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DNV: IMO Sub-Committee On Human Element, Training And Watchkeeping (HTW 9)

The 9th session of the IMO’s Sub-Committee on Human Element, Training and Watchkeeping (HTW 9) was held from 6 to...
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Renewable methanol drives maritime industry decarbonization: institute CEO

Renewable methanol is seen as a viable fuel option in accelerating the decarbonization of maritime industries, Methanol Institute CEO Greg...
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Baltic index logs best day in 2 months

The Baltic Exchange’s main sea freight index, logged its best day in nearly two months on Monday on gains in...
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Adani Ports halts non-group loans, to cut debt instead

Adani Ports and Special Economic Zone Ltd will discontinue lending money to non-group companies after having lent at least ₹12,687...
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Empty containers pile up at global ports as trade slows

Empty containers are piling up at major ports around the world as slowing economies weigh on shipping demand. In the...
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COSCO Shipping expects to report net loss with ‘significant deterioration’ in profit for FY2022

COSCO Shipping International F83 0.55% is expecting to report a net loss in the FY2022 ended December with a “significant...
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Kpler deepens maritime focus with ship tracking company acquisitions

Brussels-headquartered data and analytics group Kpler has bolstered its presence in the maritime space with the acquisition of ship tracking...
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Cyprus Rallies EU Partners to Get Shipping Sector Support

Cyprus is speaking to other European Union member states to shore up support for the shipping industry hit by sanctions...
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Product tanker market ‘evolving’ after start of price cap for Russian diesel: Ardmore

Russian diesel is still in play along various trade routes despite G7 and EU price caps that started Feb. 5,...
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Tankers: LR2s Lead the Market Higher, VLCCs on the Rise as Well

Clean In the Middle East Gulf, LR2s have been leading the charge this week with consistently firming sentiment throughout. TC1...
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Dry Bulk Market: Capesizes Still In Dire Straits

Capesize There was an overriding negative sentiment in the sector this week as the Cape 5TC average fell from $4,432...
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Asia Container Trade: China container trade market struggles with slow market pickup

The current situation in the global shipping industry is complex, as container rates are experiencing a significant decline, with contract...
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Tankers: China’s Oil Demand Could Benefit VLCC Trades

The VLCC tanker market could see an upward trend, thanks to increased demand from China. In its latest weekly report,...
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