News Flash
China in Hot Pursuit of South Korea in LNG Carrier Market
China is rising fast in the liquefied natural gas (LNG) carrier market, which is dominated by Korean shipbuilders. As dockyards...
Read More
Lower commodity prices to shrink India’s trade deficit and help rupee
The fall in commodity prices could help narrow India’s trade deficit in the coming months, aiding the rupee, analysts said...
Read More
India: Exports rise marginally to $32 bn in Nov; trade deficit lowest in 7 months
India’s merchandise exports grew just 0.59 per cent year-on-year in November at $31.99 billion, as tepid external demand and fears...
Read More
Carriers look to be on back foot for eastbound Pacific contract negotiations as market weakens
Next year’s containerized freight contracts for the eastbound trans-Pacific lane are likely to settle at steep discounts to 2022 as...
Read More
Oil Tanker Day Rates To Be Supported By The EU’s Ban On Russian Crude
Over the past 12 months, global container shipping rates have steadily declined to their long-term averages as supply chain snarls...
Read More
Decarbonization in the grain shipping sector is not all about increased costs
Climate change and its deadly consequences from drought, rising sea levels, and the increased frequency of extreme weather events and...
Read More
IMO to bring carbon intensity rules online despite ongoing CII controversies
The International Maritime Organization, UN’s global regulatory body for shipping, will soon introduce its first set of emission regulations despite...
Read More
Dry Bulk Market: Capesizes Surge Forward
Capesize The Capesize sector saw a surge, especially in the Atlantic since midweek. More cargo from West Africa came to...
Read More
247 Greek-Owned Shipping Companies And Their 1,976 Vessels Honored For Rescuing Ships In Distress
Hundreds of Greek shipping companies were recognized for their participation at the AMVER program last year, during the 30th anniversary...
Read More
Tankers To Stay the Course During 2023
The tanker market is expected to stay firm during 2023, with both demand and supply fundamentals expected to help the...
Read More
IMO MEPC 79: promising development towards effective global climate regulations for shipping
In its first in-person session in three years, the IMO Marine Environment Protection Committee 79 (MEPC 79) addressed a broad...
Read More
Ever-lengthening list of ‘unprecedented crises’
2022 was supposed to be the year of post-pandemic and post-lockdown re-openings, but – as ING’s global head of macro,...
Read More
Baltic index logs best week in 12 on capesize demand
The Baltic Exchange’s dry bulk sea freight index rose on Friday and posted its biggest weekly percentage gain since late-September,...
Read More
IMO: As Momentum Builds, NGOs Call for Concrete Proposals To Reduce Black Carbon Impact on Arctic
As a meeting of the International Maritime Organization’s Marine Environment Protection Committee closed Friday in London (MEPC 79), the Clean...
Read More
MEPC 79: Belgium and Namibia join forces in green hydrogen production to hasten shipping Decarbonisation
On behalf both countries, the Ambassador of Belgium, Bruno van der Pluijm and the High Commissioner of Namibia, Linda Scott,...
Read More
iTerminals Project Tests Standard Digital Language For Container Terminals In Real Operations
On 13 December, the European consortium of the iTerminals4.0 project, an initiative led by Fundación Valenciaport and co-financed by the...
Read More
Sanction-Busting Russia’s Vessels Consistently Going Under The Radar
Wherever sanctions on smugglers, trade, and Western restrictions on Russia are no exception, smuggling takes on dangerous forms on a...
Read More
ECB to start offloading bond holdings in March
The European Central Bank said it would start reducing its 5 trillion euros’ ($5.3 trillion) worth of bond holdings from...
Read More
New international medical app available for all seafarers
Τhe Mariners Medico Guide is a unique app, designed and tailored for seafarers. It provides step-by-step guidance for treating crew...
Read More
Seafarers detained in Egypt for carrying prohibited items
Our local correspondent in Egypt reports an increase in cases where seafarers have been detained for carrying prohibited items, such...
Read More