News Flash
China, Greece sign strategic cooperation agreement on shipping finance
The Lujiazui Financial City Council in Shanghai, China, and the Association of Banking and Financial Executives of Hellenic Shipping signed...
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West Africa Oil and Products Imports Facing Structural Shifts
The looming completion of West Africa’s Dangote refinery is expected to have a significant impact on crude and product tanker...
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Adani Gangavaram Port inducts a new loco at the port
Adani Gangavaram Port the deepest and the most modern port in the country today inducted a new Loco Train to...
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Droughts leave cargo riverboats high and dry
Increased droughts are forcing shipping companies to abandon some of the world’s main river cargo routes, warns Ann Christina Sloek-Andersen....
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Korea’s shipping service exports hit record $38bn in 2022
South Korea’s shipping service exports reached an all-time high of $38.3 billion in 2022, breaking the previous record in 14...
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Seafarers wages bill positive step but won’t close loopholes exploited by P&O ferries
The UK government is yet to close the legal loopholes that allowed P&O Ferries and its chief executive Peter Hebblethwaite...
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Maersk to recruit South African cadets for its global fleet
Following an extensive review process, South Africa has been identified as a high potential crew sourcing destination for the A.P....
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DNV awards Michelin first AiP for WISAMO inflatable wing sail
Classification society DNV has awarded an AiP to Michelin for their WISAMO wing sail system. This is the first AiP...
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MOL to Provide Aid to Victims of Earthquake in Turkey and Syria
Mitsui O.S.K. Lines, Ltd. has decided to donate 5 million yen to the Japanese Red Cross Society and 38,000 US...
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Regional regulations bring benefits
Regional regulation has, in the past, been criticised for unfairly skewing a global market, but localised shipping rules can also...
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Baltic index logs sixth straight weekly fall
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth straight...
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India’s Coal Imports From Russia Pick up Pace
India has been increasingly looking to Russia, to cover its energy and raw materials needs, with coal being no exception....
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Dry Bulk Market: Capesize Market’s Weakness Still Evident
Capesize - As China returned from their Lunar New Year holidays there was hope in some quarters that the market...
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Tankers: Higher Crude Production Would be Welcome, But It’s Not Looking Likely At the Moment
The tanker market and most notably the larger sizes could benefit from higher production figures, but at things stand no...
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Start thinking about carbon strategies today
Shipping companies should be looking at carbon strategies – both compulsory and voluntary – today as impactful legislation is fast...
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Drewry: Despite strong long-term investment case, looming uncertainties dampen our near-term outlook
After a slow start in 1Q22, stocks prices slumped for two consecutive quarters – 2Q22 and 3Q22. This further eroded...
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LNG Shipping Primed for a Stellar 2023
The LNG shipping market is about to experience a great year earnings-wise, at least according to existing fundamentals projections. In...
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RightShip: Climbing cases of seafarer abandonment places profits above people as $40 million is lost in unpaid crew wages
Reported rates of seafarer abandonment show no signs of slowing, with current figures listing 9,925 men and women cast adrift...
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Record 112m tonnes Indian wheat harvest not seen benefitting global supplies
India is heading for the highest wheat harvest on record of 112 million tonnes this spring. However, exports will likely...
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Leveraging Technology and Communication in the Shipping Industry: The Key to Streamlining Operations
The shipping industry is adjusting to the modern trend with smart ship technologies to enhance marine operations as the world...
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