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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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