News Flash
Ctg port asks importers to take quick delivery of dangerous goods
The Chattogram port authorities have called upon importers to take quick delivery of dangerous goods in order to keep port...
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Direct shipping line launched between Iran, Cuba
Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari said a direct shipping line has been launched between Iran and...
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ABS and HD Hyundai Sign Landmark Agreement on Broad-Reaching Autonomous Projects
ABS and HD Hyundai signed a comprehensive memorandum of understanding (MoU) to continue working together on industry-leading autonomous projects. Building...
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Baltic index snaps 6-session losing streak on higher capesize rates
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, ended a six-session losing streak...
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Multipurpose shipping to outgun competing sectors
While multipurpose vessel (MPV) rates are expected to soften through 2023, the rate of decline is expected to be less...
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Some ocean shipping rates collapsing, but real price relief is months away
Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmart and Home Depot should...
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Decisions, Decisions, Decisions: Asset Plays Are Getting Trickier For Shipowners
Investment strategies involving a shipping company’s assets are always a tricky proposition, but nevertheless an integral part of each ship...
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New trade corridor to connect Jeddah Islamic Port to India and West Mediterranean
The Saudi Ports Authority (Mawani) revealed on Monday that liner operator MSC (Mediterranean Shipping Company) will start a new shipping...
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PM Modi to lay foundation of ship repair facility, inaugurate Maritime Skill Centre in Guwahati
With the aim to ramp up capacity in Pandu port in Guwahati, Prime Minister Narendra Modi will unveil the foundation...
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Fall in India nominal GDP growth in FY24 to challenge fiscal math
India’s nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the federal government...
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Ship capsizes at Indian port
A general cargo ship, Sea Express, lost stability during cargo operations at Mundra Port in India over the weekend. The 17,500...
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Corporate buyers club aiming to slash climate impact of heavy industry picks up steam
While there was frustration that governments failed to raise the bar on climate action at COP27, some key announcements made...
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Shenzhen ports ramping up preparation for border reopening with HK
In preparation for border reopening with the Hong Kong Special Administrative Region (HKSAR) since January 8, ports in neighboring Shenzhen...
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CMA CGM completes Russia exit with terminal stakes sale
French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an...
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Tehran mulling over launching direct shipping line to Brasilia
Head of the Iran-Brazil Joint Chamber of Commerce has announced the possibility of launching a direct shipping line between the...
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Parties Obtain World’s First AiP for Ammonia Floating Storage and Regasification Barge
NYK Line, Nihon Shipyard Co., Ltd. (NSY), and IHI Corporation (IHI) received an Approval in Principle (AiP) on December 26,...
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Signing LNG Supply Basic Agreement for 2 New LNG-Fueled Ferries on Oarai-Tomakomai Route
Mitsui O.S.K. Lines, Ltd. (MOL), MOL Ferry Co., Ltd. (MOL Ferry), Japan Petroleum Exploration Co., Ltd. (JAPEX) and Hokkaido Gas...
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New DNV Deck Carrier notation supports emerging ship type
Climate change and energy uncertainty in the face of political conflict have brought new urgency to the energy transition, and...
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Black Sea shipping rates rise as reinsurers cut cover
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the...
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Indian economy in a relative ‘bright spot’, must leverage exports: IMF official
India is in a relative “bright spot” in the world economy, but needs to leverage its existing strength in services...
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