News Flash

Baltic index eases as capesize rates slip

The Baltic Exchange’s dry bulk sea freight index slipped from a near three-week peak on Thursday, as a drop in...
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Tanker Rates at 20-year Highs as Ton-Mile Demand Grows

The tanker market is experiencing some of its best days of the past couple of decades, as ton-mile trading has...
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Govt aims to begin Shipping Corp divestment roadshows in January, demeger to be completed in the next few weeks

The government is doubling down on its disinvestment programme before the end of 2022-23 and is now looking to start roadshows...
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DSME Taking a Big Bath Ahead of Acquisition by Hanwha Group

Daewoo Shipbuilding & Marine Engineering (DSME) is working to remove potential risk factors ahead of the main acquisition contract with...
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3 Shipbuilders of HHI Group to Go on Joint Strike

Unionized workers at the three shipbuilders of Hyundai Heavy Industries Group (Hyundai Heavy Industries, Hyundai Samho Heavy Industries and Hyundai...
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High Speed Transfers signs contracts with Damen for 3 x hybrid Fast Crew Supplier 2710 vessels

At the annual Damen Maritime Festival held in Gorinchem at Damen’s headquarters, offshore services provider High Speed Transfers (HST) Marine...
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Annual Stats Report: Another positive year for marine insurers

Yesterday – 01 December 2022 – the International Union of Marine Insurance (IUMI) releases its 2022 global marine insurance market...
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Russia seeks to boost acceptance of its shipping insurance to dodge oil cap

Moscow is seeking to bolster the recognition of Russian maritime cargo insurance to allow it to ship oil and related...
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India: Govt readies ambitious plan to lift sagging exports

The commerce ministry has devised a multi-pronged plan that includes offering incentives and exploring new markets to revive outbound shipments...
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China’s iron ore traders seek low-cost Indian supplies as steel margins slump

China is set to snap up significant volumes of low-grade Indian iron ore in coming weeks, as Chinese steelmakers seek...
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Black Sea Region Could Add Further Support to the Dry Bulk Market in the Coming Months

The dry bulk market could receive a boost from the existing condition in the Black Sea grain market. In its...
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Shipbuilders vie to dominate autonomous navigation market

Competition is heating up among Korea’s three largest shipbuilders to dominate the rapidly growing market for autonomous ships, according to...
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Jinhui Expects Low Dry Bulk Vessel Orders, as Regulatory Environment Remains Uncertain

INTERIM DIVIDEND The Board has resolved not to recommend the payment of any interim dividend for the quarter ended 30...
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Russia oil turmoil seen driving tanker market higher

Tough new sanctions on Russian oil shipments taking effect from December are likely to boost already high tanker rates as...
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InterManager welcomes IMO commitment to address enclosed space risks

InterManager has welcomed a commitment by the International Maritime Organization (IMO) to review guidance governing safe working in enclosed spaces...
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Baltic index hits over 2-week peak on firm demand for larger vessels

The Baltic Exchange’s dry bulk sea freight index rose to a more than two-week high on Monday, supported by higher...
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Across China: Captains set sail on upper section of Yangtze with upgraded facilities

As a child, Liu Jie was already acquainted with life on the Jinsha River, the upper section of the Yangtze,...
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Ammonia Fueled Bulk Carrier Obtained AiP from Classification Society ClassNK

Kawasaki Kisen Kaisha, Ltd. (“K” Line) announced today that, together with ITOCHU Corporation, Nihon Shipyard Co., Ltd., Mitsui E&S Machinery...
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Tankers: VLCCs Down, but Product Tankers Up This Week

Clean The market has generally seen improvements all round this week. This was reflected in the BCTI climbing 277 points...
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China and India easing away from Russian crude oil may be temporary

There are signs that China and India are pulling back from buying Russian crude oil ahead of the Group of...
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