News Flash

Cyprus Working To Protect Shipping From EU Sanctions On Russia

The EU needs to ensure that its Russia sanctions do not negatively impact the bloc or individual member states, especially...
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Typhoon Nanmadol Makes Landfall In Japan, Flooding Advisory Issued For Tokyo

Typhoon Nanmadol made landfall on Japan’s southernmost island of Kyushu on Sunday, bringing torrential rains and strong winds as it...
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Asia-US Pacific Coast Container Rates Continue To Plummet

Transpacific rates for shipping containers continue to plummet – dropping below $4,000/FEU (40-foot equivalent unit) – as consumer demand for...
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LNG Tankers Key To Smooth Imports, Energy Security

Efforts to increase the number of China’s liquefied natural gas carriers will deepen the country’s ability to transport LNG independently...
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Global Supply Chains Poised For Relief As Ship Congestion Eases

Shipping container traffic that had been severely congested during the pandemic is clearing and shipping prices are falling by a...
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Asia-Pacific Freight Premia For Bigger LNG Carriers Spurt As Storage Demand Jumps

Asia Pacific’s spot freight premium for LNG carriers with two stroke engines rose Sept. 16 to its highest level for...
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Essar Joins Hands With Indian Coast Guard For The Largest Coastal Cleanup Drive

Sitting on the crown of Indian Ocean, India is blessed with a 7,500 km long coastline bestowing plethora of exclusive...
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Korean Shipbuilders Actively Participating In Qatar LNG Project

QatarEnergy has recently selected three shipowners to order eight LNG carriers in its LNG development project. The shipowners and Daewoo...
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Adani Ports Inks Deal To Enhance Haldia Dock’s Capacity In Bengal

Adani Ports and Special Economic Zone said that its wholly owned subsidiary HDC Bulk Terminal (HBTL) has signed a concession...
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Fire Hits Oil Terminal And Oil Tanker In Venezuela

A fire broke out at an oil terminal in Venezuela on Saturday when a pipe used to supply gasoline to...
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Suez Canal Authority To Raise Transit Fees By 15% In 2023

Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, the canal authority’s chairman...
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Pacific Coast Port Volumes Stumble As US Demand Turns Bearish

US West Coast ports reported sliding throughput figures for August as tepid demand for ex-Asian cargoes pressured the market, while...
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Maritime Insurance Premium, Claims Norms To Change On Energy Transition

Parameters and criteria for providing maritime insurance will change in the coming years, as the shipping industry moves towards decarbonization...
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Tanker Stocks Continue Bucking The Market’s Downtrend

Commodity shipping remains heavily impacted by the ongoing war in Ukraine. While many of the recent imbalances between supply and...
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G7’s Grand Plan To Squeeze Russia Oil Windfall Hinges On Tanker Shipping

They say you can’t have your cake and eat it too. The G7 countries, led by the U.S., think they...
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The Failed Takeover Of Maersk’s Box Manufacturing Arm Offers Respite To Reefer Buyers

The collapse of China CIMC’s planned takeover of Maersk’s container manufacturing arm maintains some level of competition in the sector...
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Indian Coast Guard rescues 19 from ‘sinking’ ship near Ratnagiri

In a swift and coordinated rescue operation, the Indian Coast Guard saved 19 crew members - 18 Indians and the...
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Gujarat Ship Recyclers Face Cost Challenges

Units functioning at Asia’s biggest ship-recycling yard in Gujarat are facing a set of three problems — higher cost of...
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Tumbling Spot Rates Close Gap Between Main Asia To US West Coast Trades

The latest ocean freight rates data from Xeneta shows that spot prices across the main trans-Pacific and US West Coast...
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UK And Swiss Shipping And Banking Organizations Need Better Technology To Navigate Sanctions

As international sanctions come to the fore in global trade, research in the UK and Switzerland shows how compliance is...
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