News Flash

Ukraine grain backlog prompts U.N. call for faster ship checks

With nearly 100 grain-laden ships reaching towards the horizon off Istanbul, the U.N. official overseeing exports from Ukraine is asking...
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MENAS awarded a project to survey important Aids to Navigation in Bahrani waters

The Middle East Navigation Aids Service (MENAS) has signed an agreement with the Bahrain Ports and Maritime Affairs (PMA) to...
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Container Slowdown Has Low Impact on Chinese Lessors’ Ship-Leasing Business

Falling container freight rates may pose near-term asset quality and residual value risk to some Chinese leasing companies that have...
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Dumping of sewage sludge at sea to be prohibited worldwide

Parties to the treaties which regulate the dumping of wastes at sea have adopted an amendment to ensure that the...
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Ship Owners “Stock Up” on More Second Hand Vessels

Ship owners’ “appetite” for more second hand vessels continued unabated during the past week. In its latest weekly report, shipbroker...
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India’s Adani in talks with investors to raise $10 billion

Indian billionaire Gautam Adani and his family are in early discussions with investors, including Singapore investment firms Temasek and GIC,...
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Iran’s Revolutionary Guards maritime forces seize foreign ‘fuel-smuggling ship’ in Gulf, says state media

Iranian naval forces on Saturday seized a foreign ship for allegedly smuggling fuel in the Gulf. The ship’s crew members...
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ShipMoney and V.Group form strategic partnership to digitalise crew and corporate payments

ShipMoney has announced a new long-term strategic partnership with V. Group to digitalize its seafarers’ payroll system, ensuring a more...
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On ‘World Mental Health Day’ Hanseaticsoft calls for shipping companies to help break the stigma of mental health

Following World Mental Health Day (10th October) Alexander Buchmann, Managing Director at Hanseaticsoft GmbH, part of Lloyd’s Register’s Maritime Performance...
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Project Zero wins funding in Clean Maritime Demonstration Competition Round 2

A research and development project to demonstrate the technical and economic feasibility of achieving zero emission operations in offshore survey...
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Mediterranean markets face ‘potential feeder containership shortage’

Dedicated newbuild contracting by regional Mediterranean owners will have to increase in the coming years to replace ageing vessels removed...
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Tidal wave of new container ships: 2023-24 deliveries to break record

Shipping adheres to a time-honored tradition: When shipowners make exceptionally high profits, they order a lot of new vessels. When...
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Asia freight rates seen firmer in Q4 despite OPEC+ output cut

Dirty and clean tanker freight rates are expected to be firm in the October-December quarter amid higher seasonal demand, alternative...
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Worldwide industrial price pressures rise as higher energy costs and strong dollar offset impact of cooling supply chains

The global manufacturing PMI survey found average input costs rising at an increased rate for the first time in five...
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Indian exporters keeping fingers crossed as recession clouds loom over EU

Exporters are keeping their fingers crossed due to “visible” recessionary trends in the European Union (EU) as it could affect...
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New shipping service connects Gulf-India

A circular service connecting Hamad Port with India, Gulf–India Express 2 (GIX2), has started operations, a move that ought to...
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Suez Canal revenues hit $2.1bn in Q3, highest quarter in history: Egypt Cabinet

Suez Canal revenues increased in the third quarter of this year by 23.5 percent year-on-year to hit $2.1 billion —...
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Paperless Electronic Trading Systems: Update to TradeLens Terms and Conditions

Version dated 24 February 2021 – Previously Approved The International Group had previously approved TradeLens’ RuleBook and Service Description version...
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Privatization of HMM depends on market, industry situations: ocean minister

The possible privatization of HMM Co. will depend on the stock market and situations in the shipping sector, the country’s...
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China’s cargo rates fall to ‘reasonable level,’ buoying export business

Sea freight rates in China have returned to a reasonable level after reaching record highs last year and early this...
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