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BMS United, Bunkernet, and SBI Sign Definitive Merger Agreement to form Baseblue Company

BMS United Bunkers, Bunkernet, and SBI bunkering BV, leading marine fuel supply companies, today announced that they have entered into...
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Ship Recycling Market Looking for Letter of Credits Relief

After months of financial constraints, things could soon start improving for ship recyclers in Bangladesh and Pakistan. In its latest...
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Bahri Line launches new liner service between Asia and Europe

Bahri Line, a business unit under Bahri Logistics, has officially established a new pendulum service line between the Asian and...
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MOL Decides to Merge Two Group Companies for Ferry and Coastal RORO Vessel Business- Japan’s Largest Ferry and Coastal RORO Vessel Company Launch

Mitsui O.S.K. Lines, Ltd. announced its decision to integrate two wholly owned ferry and coastal RORO vessel operating companies, MOL...
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The Signing Ceremony of Long-Term Contracts for Two Liquefied CO2 Carriers between “K” LINE and Northern Lights JV DA~World’s first full scale CCS project

The signing ceremony for bare boat charter and time charter contracts for two 7,500m3 liquefied CO2 ships between Kawasaki Kisen...
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RINA and ABB Sign MoU to Cooperate in Shipping Decarbonization

RINA, the international classification society, has today announced the signing of a Memorandum of Understanding (MoU) with ABB. The MoU...
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Spain denies entry to tanker carrying Russian-origin diesel

Spain has denied entry into Tarragona port to the Maersk Magellan, a Singapore-flagged vessel, due to it transporting oil products...
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Asian shipping lines are reporting steep revenue declines

New operating results from four Asian shipping lines were released Friday, pointing to steep performance declines in the fourth quarter...
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Container shipping stock prices resilient despite falling spot rates

In our recently published addendum to Financial Health Check, we have reassessed container industry prospects and profitability in view of...
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IFSCA lays foundation to strengthen ship financing, leasing in India

In a bid to boost maritime trade, International Financial Services Centres Authority is taking steps to strengthen ship acquisition, financing...
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Baltic Index Gains As Capesize Sees Best Day In Nearly Two Months

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a one-week high...
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Product Tankers: Mixed Fortunes for MRs and LR2s

There could be a shift in fortunes in completely opposite directions for various parts of the product tanker market in...
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Recession alarm bells are ringing, but (much) less loudly than before

The rapid reopening of China’s economy, plunging European gas prices and cooling U.S. inflation suggest a global recession may not...
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China’s Beibu Gulf Port sees cargo throughput rise in 2022

Beibu Gulf Port in south China’s Guangxi Zhuang Autonomous Region saw its cargo throughput reach 370 million tonnes in 2022,...
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San Pedro Bay Ports Release Final Drayage Truck Feasibility Assessment

The ports of Long Beach and Los Angeles have released a final report on the current state and overall feasibility...
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Georgia port gets big delivery in 4 towering new cranes

The Port of Savannah received a massive delivery Thursday: four towering ship-to-shore cranes built to load and unload larger classes...
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Port Of Long Beach Sees Reduced Cargo

Softened consumer spending, increased prices driven by inflation and a shift in trade routes contributed to a dip in shipments...
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USDOT Announces More Than $660 Million Available Through the Port Infrastructure Development Program

The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced a Notice of Funding Opportunity (NOFO) making available more than...
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ARA gasoil stocks swell on Asian and US inflows as Russian imports are phased out

The ARA’s independent gasoil stocks – which include diesel and heating oil – have averaged 13% higher so far this...
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Ukraine seeks higher tonnage ships to boost exports under grain deal

Ukraine’s agriculture ministry has proposed increasing the minimal tonnage of ships which carry grain and vegetable oil from the country...
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