News Flash

India: Government To Monetize 9 Majors Ports Between FY22-25 Under NMP

The Government of India is prioritizing maritime development to enable ports to identify and resolve bottlenecks in enhancing multimodal connectivity,...
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Visakha Container Terminal sets new record in productivity

Visakha Container Terminal set a record on November 17, 2022, where its highest productivity to date was achieved on the...
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UAE set sights on 50mln containers by 2032

The UAE will continue to promote its shipping sector as it recognising the critical role of the maritime sector in...
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Enagas says LNG backlog at Spanish ports has eased

Spanish gas grid operator Enagas said on Friday a backlog at its terminals that had forced it to warn it...
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Russia denies slowing inspections for Ukraine grain ships

Russia’s ambassador to Turkey said on Friday that Moscow sends its representatives to more ship inspections in Istanbul per day...
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Robust Aframax rates lure LR2 tankers into dirty market

Strong Aframax freight rates for hauling crude and fuel oil are luring clean Long Range II, or LR2, product ships...
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Methanol as an alternative fuel for container vessels

Methanol holds significant potential as a future ship fuel and has recently emerged as a major topic in the discussion...
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Older Tankers in High Demand

Demand for tankers aged from 15-years and older have been in high demand in the secondhand market. In its latest...
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Newbuilding Activity Picks Up

Newbuilding ordering activity kept up its rising trend over the course of the previous week. In its latest weekly report,...
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HHI Group’s 3 Shipbuilding Affiliates to Go on Strike in December

The labor unions of HHI Group’s three shipbuilding companies — Hyundai Heavy Industries, Hyundai Mipo Dockyard, and Hyundai Samho Heavy...
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Indian Tycoon Adani’s Mega Port Hangs In The Balance As A Fishing Community Protests

On the main road to billionaire Gautam Adani’s planned Vizhinjam mega port on the southern tip of India, a shelter...
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OC1 Schedule adjustment Olga Maersk 247N Port Chalmers Port Omission

Due to operational delays, it has been confirmed that OLGA MAERSK 247N will omit Port Chalmers for schedule recovery purposes...
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Southern California’s Container Ship Backup Ends

Officials declared an end to the backup of ships at Southern California’s ports more than two years after vessels began...
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S. Korea: Transport Workers to Support Truckers’ Walkout by Not Offering Shipping Alternative

A transport workers’ union of the Korean Confederation of Trade Unions has decided to support the general strike by the...
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The Role of Methanol in Shipping’s Energy Transition Explored at First London Methanol Summit

Leading players in the maritime industry joined ABS and the Methanol Institute (MI) for a deep dive into the potential...
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Russian oil moving to Asia on older vessels elevates shipping risks: Trafigura CEO

The global oil market has witnessed the mushrooming of smaller trading firms who are moving Russian oil much longer distances...
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Momentous changes in the cargo ship fleet

Asteady growth trend has evolved in the world merchant ship fleet during the past few years. But this broad view...
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Baltic index snaps 9-day losing streak on capesize gains

The Baltic Exchange’s dry bulk sea freight index rose on Wednesday for the first time in ten sessions, helped by...
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A.P. Moller – Maersk adds Khazaen Dry Port to its global network of port calls

A.P. Moller – Maersk (Maersk) has added Khazaen Dry port (KDP), part of Asyad Group, to its extensive ‘Port of...
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Bureau Veritas to certify major commercial floating wind project in Korea

Bureau Veritas a world leader in testing, inspection and certification, in partnership with the Korean Register (KR), has been appointed...
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