News Flash
Dry bulk market seen set to remain invested in traditional bunker fuels for next 5 years
Despite the push for decarbonization and alternative carbon-neutral fuels in the maritime sector, only a third of dry bulk shipping...
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Spot rates out of Far East almost 2000 USD cheaper per FEU than long-term rates in dramatic turnaround
The ocean freight rates landscape in the Far East has been completely redrawn since the start of the year, with...
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PPA S.A.: Infrastructure upgrade and reconstruction works at the Perama Ship Repair Zone successfully completed
PPA S.A. announces the successful completion of large-scale infrastructure upgrade works at the Eastern side of Pier II at the...
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India Debates Specific Law For Maritime Piracy
A bill that seeks to come up with a law to adequately deal with piracy in international waters was reportedly...
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AD Ports Group signs partnership agreement with Agthia Group
Agthia Group, one of the region’s leading food and beverage companies, today announced that it has signed a Memorandum of...
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Harbor Lab secures €6.1 million in seed funding to help shipping companies better manage port expenses
Maritime tech startup, Harbor Lab, has secured €6.1 million in funding to further develop its shipping disbursement analysis software program....
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Marlow Strengthens Offshore Division
The latest initiative gathers all offshore related ship management activities from within the Group, establishing a competent service provider catering...
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Nor-Shipping targets renewable potential with first Norwegian Offshore Wind pavilion
Nor-Shipping has announced that its 2023 event, taking place in Oslo and Lillestrøm, 6-9 June, will feature a dedicated offshore...
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Coast Guard faults pilot in Chesapeake Bay ship grounding
A Coast Guard investigation into the grounding in March of a cargo ship in the Chesapeake Bay faulted the pilot...
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Shipping industry and unions sign MOU to preserve cooperative spirit of pandemic
Unions representing seafarers and maritime employer groups have come together to sign a new memorandum of understanding (MOU) to take...
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INTERCARGO Statement on IMO Decarbonisation Ambitions, Medium-Term Measures and Carbon Intensity Indicators
INTERCARGO continues to fully support the ambition to achieve net zero emission shipping by 2050. It is important to stress,...
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Russia is concerned over oil tankers build-up in Bosphorus
Russia is concerned about a build-up of oil tankers in the Bosphorus Strait and is discussing the issue with insurance...
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Global Maritime Forum report lays out action plan for shipping’s long-term challenges and opportunities
The key message that echoed across the discussions was that the maritime sector must not lose the determination to face...
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Global container volumes fall 9.3% y/y as historic growth cycle ends
From mid-2020, global container export volumes saw strong growth, and combined with increasing port congestion it caused supply chain challenges...
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Baltic index at near one-month high on firm capesize demand
The Baltic Exchange’s dry bulk sea freight index rose to its highest level in almost a month on Wednesday, helped...
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Diana Shipping Inc. Announces Sale And Leaseback of m/v DSI Andromeda and Time Charter Contract for m/v DSI Pegasus With Reachy
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced...
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Tankers Changing Hands Left, Right and Center
Sanctions on Russian oil have triggered major moves in the tanker market, with Russia and its allies proceeding with mass...
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Lok Sabha takes up debate on Anti-Maritime Piracy Bill
THE LOK Sabha on Wednesday took up for the second time in three years a Bill to make a law...
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Request from the Turkish authorities for confirmatory letters of P&I cover for ships entering international straits and Turkish waters, ports and terminals
The Government of Turkey issued a notice dated 16 November 2022 which requires all ships transiting or entering Turkish waters...
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Sohar Port and Freezone reports strong results for 2022 third quarter
Sohar Port and Freezone has announced strong results for the third quarter of 2022 as the Port throughput (export &...
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