News Flash
India’s industrial output drops to 26-month low as rate hike hits demand
India’s annual industrial output contracted 4% in October, its weakest performance in 26 months, after revised growth of 3.5% in...
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German investor morale rebounds to highest since Ukraine war
German investor sentiment staged another recovery in December, reaching its highest level since the war began in Ukraine, as inflation...
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MPC Container Ships executes further portfolio optimization measures
MPC Container Ships ASA is pleased to announce new measures for portfolio optimization and capital allocation. The Company has entered...
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Hapag-Lloyd CEO sees bounce in shipping demand as short-lived
Germany’s Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company...
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Cargo Solutions doubles its operations in its second year
Following the new framework established by the Union Customs Code (UCC) in January 2021 Hutchison Ports BEST has gone on...
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Turkey reaches deal over new crude tanker insurance regulations
Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude...
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Baltic index hits one-week low as larger vessel rates slide
The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday to its lowest level in a week, weighed down...
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Margin pressure looms for container terminal operators
Despite the challenges of Covid-19 and port congestion, container terminal operators were successful in improving their profit margins in 2021...
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Ship Recycling: Small Container Ships Sold for Scrap
The ship recycling market has had a positive week after a long time, thanks to a renewed supply of vintage...
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The UAE President inaugurates Khalifa Port expansion
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, inaugurated Khalifa Port’s expansion – a major development...
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Maritime protection strengthened through alliance
Courts have stepped up efforts to safeguard national marine rights and interests, protect the marine ecology and environment and promote...
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NYK Holds Training Program for Nominated Staff from around the World
From 5th to 9th December, NYK held “Global NYK Group Week 2022,” a training program for nominated locally hired staff...
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UN adopts global convention on the sale of ships by courts
The United Nations General Assembly adopted the United Nations Convention on the International Effects of Judicial Sales of Ships on...
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Baltic Index Sees Worst Day In Three Weeks On Capesize Drop
The Baltic Exchange’s dry bulk sea freight index fell on Monday to mark its worst day in almost three weeks,...
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Saudi’s Mawani announces new shipping service to boost India trade
The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port in Dammam to the Shaheen Express shipping...
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Product Tankers: Middle East and US to the EU Will be a Dominant Trade Route Moving Forward
The product tanker market is expected to benefit significantly from the sanctions imposed on Russian crude and products, like diesel...
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2023 Seaborne Coal Imports Could Add Pressure on the Dry Bulk Market
Demand for seaborne coal cargoes could take a hit during 2023, exerting pressure on the dry bulk market as a...
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California Long Ruled U.S. Shipping. Importers Are Drifting East
Sharpie maker Newell Brands Inc. is opening distribution centers in Pennsylvania and North Carolina to lessen dependence on seaports in...
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MOL Selected for Inclusion in ‘Dow Jones Sustainability Asia/Pacific Index’- Reflects High Regard for Company’s ESG Initiatives
Mitsui O.S.K. Lines, Ltd. announced that it has been selected for inclusion in the ‘Dow Jones Sustainability Asia/Pacific Index’ (DJSI...
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Mitsui OSK Lines implements Marlink smart hybrid connectivity including Starlink LEO services
Marlink, the smart network solutions company, will deploy its hybrid connectivity solutions on selected vessels operated by Japanese shipowner Mitsui...
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