News Flash

Saudi Ports Meet Economic Development Demands With Increased Throughput Volumes

Saudi ports have played a significant part in boosting the competitiveness of the Kingdom’s economy, providing an array of growth...
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US Ports Face Empty Container “Pile-Up” As Supply Chains Recover

Analysts are warning that ports in North America could become overwhelmed by a build-up of empty containers, as trans-Pacific supply...
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IUMI Reports Rising Cargo Insurance Premiums

The International Union of Marine Insurance (IUMI) reports an increase in the 2021 cargo insurance premium base (from 2020) of...
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EU Sanctions – Clarification Published On The Carriage Of Certain Russian Cargoes Including Coal And Fertilisers

On 19 September 2022 the EU further amended its FAQS clarifying the application of provisions relating to the carriage of...
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Langh Tech BWMS Becomes The First UV-Based System In The World To Receive US Coast Guard Type Approval For One-Way Treatment

Just four months after successfully completing IMO type approval, the Finnish marine technology manufacturer Langh Tech Oy Ab receives US...
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GTT Receives An Order From Hudong-Zhonghua Shipbuilding For The Tank Design Of Two New LNG Carriers

GTT announces that it has received an order from its partner the Chinese shipyard Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. for...
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Asyad Group Launches Second Ship Made In Duqm Drydock

Oman’s Asyad Group, a provider of integrated logistics solutions, has announced the inauguration of the second ship built at Asyad...
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Marine Insurance Adapting To A World In Transition, Says IUMI President

Opening this year’s IUMI (International Union of Marine Insurance) annual conference in Chicago, President Richard Turner introduced “Adapting to a...
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Yacht Builder Baglietto And Bio-Uv Group Ink Deal For Ten Bio-Sea Ballast Water Treatment Systems

French UV water treatment specialist BIO-UV Group has signed a major supply deal with luxury yacht builder Baglietto for several...
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Shipping Industry Slowing Down

The shipping industry is shrinking fast after its boom in the pandemic period as the ongoing global economic recession is...
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Nautilus Demands Action From The Government Six Months On From P&O Ferries Scandal

Saturday 17th September marked six months on from the scandalous decision by P&O Ferries to unlawfully dismiss 786 British seafarers...
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Americas East-Facing VLCC Freight Climbs 39% Amid Altered Trade Flows

VLCC freight rates for hauling crude from the US Gulf Coast to China have hit a two-year high at lump...
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NGO Report On LNG Pathway Makes Flawed Assumptions Based On Outdated Data

SEA-LNG responds to International Council on Clean Transportation (ICCT) report: Comparing the Future Demand for, Supply of, and Life-Cycle Emissions...
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Baltic Index Scales 1-1/2-Month Peak On Strong Demand Across Segments

The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, rose to more than...
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Indian Rice Shipments Stuck At Ports, Traders Seek Government Help

At least 20 ships are waiting to load around 600,000 tonnes of rice at Indian ports as New Delhi’s surprise...
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Shipping Containers, Made In India — How Modi Govt Aims To Cut Dependence On China ‘Monopoly’

To cut down its dependence on China, the Modi government is working on a comprehensive plan for manufacture of shipping...
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KSOE Wins 525 Billion Won Of Orders For Eight Ships

Korea Shipbuilding & Offshore Engineering (KSOE) has received a 525 billion won ($378 million) of orders from two African shippers...
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China’s Shipbuilding Sector Continues To Top World Market

China remained the world’s leading shipbuilder in the first eight months of the year, industrial data showed. According to the...
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India: Shipping Minister Launches Multiple Development Projects In Assam

Union minister for ports, shipping and waterways, Sarbananda Sonowal on Monday launched multiple projects for the development of Bogibeel region...
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Korean Sea Flag Carrier HMM Shares Slide As Shipping Rates Fall To Lowest In Two Years

Container shipping rates extended losses for 14 consecutive weeks and plunged to the lowest of the year, putting an end...
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