News Flash

New container protection for all ocean imports into United Kingdom, Ireland, Israel, Bulgaria, Romania, Georgia, Armenia, Azerbaijan, Ukraine, Lebanon, Libya and Syria

At Maersk your needs always come first. That’s why we are continuously trying to simplify the way you do business...
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Maersk Expects Logistics Revenues to Exceed Shipping in Coming Years

A.P. Moller-Maersk A/S expects logistics revenue to surpass the ocean business by the middle of the decade as the container...
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EU’s embargo of Russian oil to boost clean tanker demand into 2023

Clean tanker owner and operator Ardmore Shipping expects global product tanker ton-mile demand to increase 7%-8% due to the EU...
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Dry Bulk Market: Pessimism Still the Norm

Capesize Activity in the Capesize market had the 5TC pushing in value over a few days in midweek. However, pessimism...
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Positive Sentiment in the VLCC Tanker Market Should Remain, Even if Some Turbulence Could be Expected

The VLCC tanker market should retain its positive momentum as the year draws to a close and even more so...
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India’s GAIL declines Sefe compensation for cancelled LNG cargoes

GAIL (India) Ltd has turned down a compensation offer for undelivered liquefied natural gas (LNG) from a former unit of...
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India’s Indo-Pacific Economic Framework membership will strengthen region

India’s membership in the Indo-Pacific Economic Framework (IPEF) will make supply chains resilient between the Asian country and the United...
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Indian sailors detained in Equatorial Guinea send SOS

Sixteen Indians, who have been in the custody of Equatorial Guinea’s navy for three months, have appealed to Indian government...
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Baltic index slips as capesizes fall; posts first weekly rise in five

The Baltic Exchange’s dry bulk sea freight index (.BADI) marked its first weekly gain in five, even as it slipped...
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Shipping in COP27’s sights

As world leaders gathered in Sharm el-Sheikh, Egypt, for COP27 on November 7-8, emissions from shipping remained a key focus....
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Russian oil cap doubts spur insurer fears of ships left at sea

Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and...
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USA LPG Exports to Europe Have Grown By 54.8% This Year

The LPG shipping market has experienced considerable growth this year, with global exports growing by 3.8% from January to October....
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DP World launches newest technology innovation centre in India

DP World has opened a new technology centre in Gurgaon, India, its third this year, confirming the company’s commitment to...
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Adani Ports acquires 49.38% stake in Indian Oil tanking Ltd for Rs 1,050 Cr

Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has entered into a definitive agreement...
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A.P. Moller – Maersk to open doors to a new 100,000 sq. ft warehouse at Chattogram, Bangladesh

A.P. Moller – Maersk (Maersk), the integrated logistics company, is expanding its warehousing footprint in Bangladesh with a brand new...
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India’s Petronet runs Dahej terminal at above 80% of capacity

India’s top gas importer, Petronet LNG Ltd, is running its western import terminal of Dahej at more than 80% of...
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Gujarat Pipavav Port consolidated net profit rises 58.37% in the September 2022 quarter

Net profit of Gujarat Pipavav Port rose 58.37% to Rs 72.12 crore in the quarter ended September 2022 as against...
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Industry body MASSA flags training issues for maritime manning sector

Λack of adequate shipboard training berths is a big challenge for the domestic maritime manning sector, according to an industry...
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ICS and ISSA offer a helping hand with recycling regulations

The International Chamber of Shipping (ICS), the International Shipsuppliers & Services Association (ISSA), BIMCO and the International HazMat Association (IHMA)...
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Drewry urges shippers to start planning for decarbonisation in shipping, warns of up to $14 billion in extra costs

The imperative to decarbonise the global shipping industry is clear and present, however, many of the world’s largest importers and...
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