News Flash
EU gas price cap could tighten LNG supplies into Europe as Asia reassesses favorable markets
The EU’s Eur180/MWh gas price cap would not impact Asian LNG trade flow in the near term but could tighten...
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Rising supply from Kuwait, Russia to weigh on Asia fuel oil in 2023
Asia is expected to be flooded with more fuel oil supplies in 2023 as Kuwait’s new Al-Zour refinery ramps up...
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India may review stance on Chinese investments to help firms relocate
The Indian government may review its stance on Chinese investments to help global firms looking to relocate to the country,...
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Korean shipbuilders outpace Chinese in LNG carrier orders
South Korea’s three biggest shipbuilders lost their world’s No. 1 title in ship orders for the second consecutive year but...
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India supports UAE’s maritime initiatives: Indian Ministry of Shipping
The UAE and India have opened up a new vista for bilateral cooperation in the maritime industry. Dr. Sanjeev Ranjan,...
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Singapore fuel oil stocks dip amid steady bunkering uptake
Residual fuel oil stocks at key trading hub Singapore dipped from the previous week, official data showed on Thursday, as...
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Revisit maritime policy to increase India’s shipping revenues, EXIM trade
Post-COVID-19, global trade has been on a resurgence. From a quarterly low of $4.9 trillion in the second quarter (Q2)...
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Chance that container ship arrives on time is still a coin toss
A year ago, fear was a big driver of the supply chain crunch: fear that goods wouldn’t arrive on time,...
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Euroseas Ltd. Announces the Sale of 5,610 teu Container Vessel, built in 2001
Euroseas Ltd., an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that...
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Global Fleet Growth Points Towards Different Fortunes for Various Shipping Markets
The global fleet has grown this year, but at various speeds for different ship markets, while the main differentiating factor...
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Multiple objections filed on SCI demerger scheme ahead of crucial MCA hearing to clear the plan
At least a dozen objections have been filed till Monday before the Ministry of Corporate Affairs by vendors and stakeholders,...
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Some Ocean-Going Ships To Sail Without Insurance As Insurers Back Out From 1st Jan 2023
Per reports, Ship reinsurers have faced huge losses, and hence the insurers of ships have decided to cancel covering war...
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Chinese shipbuilding sector tops world market in 2022
China’s shipbuilding sector topped the global market in 2022 in terms of orders and vessel completion, according to industry data...
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China to lift anti-COVID measures for all imported cold-chain foods, non-cold-chain items
Chinese customs announced on Wednesday that it would revoke anti-COVID-19 measures, including nucleic acid testing, at ports of entry for...
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China Ports Container volume rises 4.2% in from January to November 2022,Ningbo Containerized Freight Index decease significantly in December 2022
From January to November of 2022, the cargo volume of Chinese ports was 14313.1million tons, a year-on-year increase of 0.7%;...
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Oil product stocks climb 7% on week, capping record annual gain
Oil product stockpiles at the UAE’s Port of Fujairah rose 7.1% in the week ended Dec. 26, capping a record...
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Philippines: 400,000 seafarers at risk of sailing ban
More than 400,000 Filipino seafarers have been on edge since an audit conducted by the European Maritime Safety Agency, or...
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China: Legislators look to reduce emissions in shipping industry
The national legislature plans to add clauses about reducing carbon emissions in the shipping industry to the Marine Environment Protection...
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Tonnage dislocation to prolong freight volatility to Americas clean tankers
The Americas clean tanker market is poised for an uncertain 2023, with freight volatility exacerbated by the ongoing displacement of...
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Ship Values For Tankers and Bulkers Reverse Fortunes During 2022
As the freight markets shifted tides during 2022, so did ship values. In its latest weekly report, shipbroker Allied Shipbroking...
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