News Flash

Union Risk Looming Large Again at Korean Shipbuilders

Union risk is looming large again in the Korean shipbuilding industry, as the unionists at the three affiliates of Hyundai...
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BRICS need to consider instituting common rating regime: expert

The members of the BRICS (Brazil, Russia, India, China and South Africa) need to explore the feasibility of jointly building...
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Women In Maritime Have Shown Leadership During The Pandemic Crisis, 61% Of Participants Of A Covid Survey Believe

WISTA International (Women’s International Shipping and Trading Association) and the researchers from the Espirito Santo Federal University in Brazil (UFES)...
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Britain prioritising India trade deal but can’t give timeline, minister says

Britain is prioritising reaching a free-trade agreement with India, its foreign minister told Reuters on Saturday in his first visit...
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VesselsValue: Handysize values moving up in October, While LNG Values Skyrocket

Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old...
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DCT Gdansk becomes ‘Baltic Hub’

DCT Gdansk, the largest and fastest-growing container complex in the Baltic Sea region has a new name: ‘Baltic Hub’. The...
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V.O. Chidambaranar Port handles record volume of windmill blades

V.O. Chidambaranar Port in Tuticorin, Tamil Nadu handled 120 number of imported windmill blades, the highest volume in a single...
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Panama Canal Readies to Accommodate Peak Season Fluctuations

October typically marks the start of peak season at the Panama Canal, as the global shipping industry and supply chains...
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PIL introduces intermodal services to strengthen connectivity

In line with its drive to enhance connectivity for customers, Pacific International Lines (PIL) is pleased to introduce the PIL...
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MOL concludes charter agreement for LNG Carrier with an Energy Major

In 3Q 2022, Mitsui O.S.K. Lines, Ltd.(“MOL”) and an Energy Major (“Charterer”) signed a multi-year contract to charter a newbuild...
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Pacific Basin Shipping : Chooses Methanol as Preferred Fuel for Commercially Viable Zero-Emission Vessels

Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, wishes to update its stakeholders on progress...
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Retreat in larger vessel rates drags Baltic index to worst week in 3 months

The Baltic Exchange’s dry bulk sea freight index (.BADI) on Friday marked its worst week since early August, primarily weighed...
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US Crude Oil Exports to Europe Have Risen by 52.2% So Far This Year

The rerouting of seaborne crude oil trade is in full swing, as evidenced by the fact that the EU is...
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India’s Russian oil binge sends Middle East imports to 19-mth low -trade

India’s oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining...
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COP27: World on track to increase emissions 10.6% by 2030 – UN report

If countries fulfill their current climate commitments, global greenhouse gas emissions will rise by 10.6% by 2030 compared to 2010...
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Silverstream Technologies helps drive Carnival Corporation’s decarbonisation ambitions with air lubrication technology

British clean technology company Silverstream Technologies has today announced that it has signed an agreement with Carnival Corporation to implement...
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Baltic index extends losses to seventh day on waning vessel demand

The Baltic Exchange’s dry bulk sea freight index (.BADI), which tracks prices for ships carrying dry bulk commodities, fell for...
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LNG ships play waiting game off Spain’s coast as higher prices eyed

Several ships carrying liquefied natural gas (LNG) anchored off Spain’s Bay of Cadiz are likely to stay there until late...
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World Container Index Down by 7% This Week, 35th in a Row

Drewry’s composite World Container Index decreased by 7% to $3,145.11 per 40ft container this week. Our detailed assessment for Thursday,...
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Tankers at Sea Insight: VLCC segment breaks out of rut as higher employment in summer buoys earnings

More VLCCs managed to secure employment in August, as higher demand for crude spurred by stronger refinery processing and robust...
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