News Flash

Navigator Holdings Ltd. announces Accretive Vessel acquisitions through New joint Venture with Greater Bay Gas Company

Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to...
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Maersk to slow pace of Ships to save fuel as demand loses Steam

Maersk will begin to slow the pace of its container ships to lower fuel costs after sailing at full speed...
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Russian oil exports are still blooming and EU is still reliant on Russia

Tanker shipping has already seen a big trade shift in the wake of Russia’s invasion of Ukraine. But it’s nothing...
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Drewry: World Container Index Retreated 10% this Week

Drewry’s composite World Container Index decreased by 10% to $4,014.10 per 40ft container this week. Our detailed assessment for Thursday,...
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IMO update: Sub-committee on carriage of Cargoes and Containers – CCC 8

The 8th session of the IMO Sub-Committee on Carriage of Cargoes and Containers (CCC 8) was held from 14 to...
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Russian Clean Product Exports Down 5.1% During 2022

The product tanker market has enjoyed some positive momentum so far this year, despite the fact that Russian clean product...
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Port of Bhavnagar will play a big role in building self-reliant India, says PM Modi

Prime Minister Narendra Modi said the port of Bhavnagar will play a big role in building a self-reliant India and...
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Tensions rise in West Coast port labor battles, with unions and management trading accusations

Tensions are rising in West Coast port labor battles as unions and port management trade accusations about worker productivity and...
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Nordic American Tankers Ltd Announces Sale of Suezmax tanker (2003 built)

Today we have entered into a sales agreement for a 2003-built suezmax tanker. The price is $21 million net to...
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International Maritime Industries Signs Agreement with Bahri Logistics to Expand its Storage and Logistics Services

International Maritime Industries (IMI), the largest shipyard in the MENA region, has signed a long-term agreement with Bahri Logistics, one...
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International Windship Association and Royal Institution of Naval Architects to host Wind Propulsion Conference at IMO Headquarters

The International Windship Association (IWSA) is asking all industry players with an interest in wind-assisted propulsion solutions to ‘save the...
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New ICMA Chair is CEO of Sailors’ Society

Sailors’ Society CEO Sara Baade will become the new Chair of the International Christian Maritime Association (ICMA) today (Wednesday, September...
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MABUX: Downward Trend to Continue in Bunker Prices

Over the Week 38, MABUX global bunker indices continued moderate sliding downward. The 380 HSFO index fell by another 22.39...
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World Maritime Day Message Must Extend Beyond the Boundaries of Shipping, says INTERCARGO

Never has the theme of this year’s World Maritime Day – ‘New technologies for greener shipping’ – been so in...
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Xeneta: The Slide Begins, As Long-Term Shipping Rates Fall For First Time Since January

The latest data from the Xeneta Shipping Index (XSI®) reveals long-term contracted rates fell by 1.1% in September. This is...
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China Soybean Imports Drop 6.2% y/d, Potential Short-Term Recovery Ahead

On 26 September, soymeal prices in China surged 8% to CNY 5,500 (USD 739) per tonne compared to Monday last...
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The UK P&I Club Supports Seafarers In Crisis

The UK P&I Club, one of the leading providers of P&I insurance and other services to the international shipping community,...
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NYK Obtains AiP For Ammonia Bunkering Vessel From Classification Society ClassNK

On September 27, NYK received approval in principle (AiP) from ClassNK for an ammonia bunkering vessel (ABV) that is currently...
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Bureau Veritas Delivered An Approval In Principle To A LNG Dual Fueled And Ammonia Prepared VLCC

Bureau Veritas (BV), a world leader in testing, inspection and certification, has awarded an Approval in Principle (AIP) for a...
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China Launches New Generation VLCC With Rigid Wing Sails

China Classification Society (CCS) is hailing a major milestone after overseeing the delivery and naming ceremony of the first VLCC...
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