News Flash

Coast Guard faults pilot in Chesapeake Bay ship grounding

A Coast Guard investigation into the grounding in March of a cargo ship in the Chesapeake Bay faulted the pilot...
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Shipping industry and unions sign MOU to preserve cooperative spirit of pandemic

Unions representing seafarers and maritime employer groups have come together to sign a new memorandum of understanding (MOU) to take...
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INTERCARGO Statement on IMO Decarbonisation Ambitions, Medium-Term Measures and Carbon Intensity Indicators

INTERCARGO continues to fully support the ambition to achieve net zero emission shipping by 2050. It is important to stress,...
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Russia is concerned over oil tankers build-up in Bosphorus

Russia is concerned about a build-up of oil tankers in the Bosphorus Strait and is discussing the issue with insurance...
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Global Maritime Forum report lays out action plan for shipping’s long-term challenges and opportunities

The key message that echoed across the discussions was that the maritime sector must not lose the determination to face...
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Global container volumes fall 9.3% y/y as historic growth cycle ends

From mid-2020, global container export volumes saw strong growth, and combined with increasing port congestion it caused supply chain challenges...
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Baltic index at near one-month high on firm capesize demand

The Baltic Exchange’s dry bulk sea freight index rose to its highest level in almost a month on Wednesday, helped...
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Diana Shipping Inc. Announces Sale And Leaseback of m/v DSI Andromeda and Time Charter Contract for m/v DSI Pegasus With Reachy

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced...
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Tankers Changing Hands Left, Right and Center

Sanctions on Russian oil have triggered major moves in the tanker market, with Russia and its allies proceeding with mass...
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Lok Sabha takes up debate on Anti-Maritime Piracy Bill

THE LOK Sabha on Wednesday took up for the second time in three years a Bill to make a law...
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Request from the Turkish authorities for confirmatory letters of P&I cover for ships entering international straits and Turkish waters, ports and terminals

The Government of Turkey issued a notice dated 16 November 2022 which requires all ships transiting or entering Turkish waters...
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Sohar Port and Freezone reports strong results for 2022 third quarter

Sohar Port and Freezone has announced strong results for the third quarter of 2022 as the Port throughput (export &...
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Calabar Port receives largest tonnage of single general cargo vessel

The concerted efforts of the Mohammed Bello Koko-led Management of the Nigerian Ports Authority at growing the fortunes of the...
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Adani Ports and SEZ handles total cargo volume of 25.3 MMT in Nov’22

Adani Ports and Special Economic Zone (APSEZ) said that it handled a cargo volume of approximately 25.3 million metric tonnes...
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Lloyds List features Dr. Anil Sharma as a shipping industry leader

Dr. Anil Sharma, President and CEO of GMS, has, for the thirteenth straight year in a row, been listed in...
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Jamaica celebrates its role at the heart of maritime regulation as it launches its campaign for IMO re-election

Jamaica underscored the importance of being at the heart of international maritime regulation by holding a reception in London to...
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74% of Freight forwarders from Asia affirm market opportunity for Shipper owned containers in the region: Container xChange Survey

The market opportunity for Shipper-owned containers (SOCs) is recognized by 74% of freight forwarders as surveyed by Container xChange. Pudong...
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Wärtsilä Cargo Handling and Fuel Supply Systems selected for world’s largest LPG/Midsize gas carriers

The efficiency and advanced design of the technology group Wärtsilä’s Cargo Handling and LPG Fuel Supply systems have again been...
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Russia assembles a ‘shadow fleet’ of more than 100 oil tankers as Putin tries to bust western sanctions, report said

Russia has assembled a “shadow fleet” of more than 100 oil tankers in a bid to bust western sanctions imposed...
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Baltic index flat as panamax gains offset capesize losses

The Baltic Exchange’s dry bulk sea freight index was little changed on Monday as gains in the panamax segment were...
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