News Flash

New Trade Routes To India’s NE States Through Bangladesh Underway

India is exploring new routes of cargo shipment to its North-Eastern States using Bangladesh’s ports as trans-shipment hubs. Attempts are...
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Ukraine Sailor Permits Seen Crucial For Grain Exports, Global Shipping

Ukraine’s decision to allow its seafarers to leave the country despite wartime restrictions will free up vital manpower for both...
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EU Watchdog Calls For Better Shipping Conditions For Live Animal Exports

The European Union’s food watchdog called for better shipping conditions for live animals such as cattle and pigs as pressure...
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Two-Tier Market Emerges As Container Spot And Contract Rates Diverge

A two-tier market within the container shipping sector is opening up as spot rates in key trades collapse. Carriers that...
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Singapore To Trial Integrated Construction Park At Jurong Port, Housing Key Supply Chain Facilities

Singapore’s first integrated construction park, located at Jurong Port, will be operational from December 2022. It will bring together key...
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Damen Shipyards Announces All-New Cutter Suction Dredger Range

First introduced in 2004, more than 250 of the current range have been sold to customers around the world and...
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DNV Urges Cross-Industry Collaboration To Help Overcome “Ultimate Hurdle” Of Fuel Availability

A key component of DNV’s Energy Transition Outlook (ETO) suite of reports, the 84-page forecast is the sixth edition of...
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Working On Road Map To Advanced Economy, Says FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said on Monday that while the necessary stimulus for growth would continue, her ministry and the...
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KR, HHI And Liberian Registry Joint Autonomous Navigation System

A partnership led by South Korea’s Hyundai Heavy Industries (HHI) aims to commercialise a second-level system with autonomous control supervised...
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Shipping Can No Longer Remain On The Sidelines, Says ICS

The shipping industry must co-operate with other sectors to influence decisions that will fundamentally affect shipping, according to ICS. In...
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South Korea Halts Ship Refueling At Key Ports As Typhoon Hinnamor Hits

Ship refuelling operations were temporarily halted at South Korea’s Busan and Ulsan ports on Tuesday after typhoon Hinnamnor hit the...
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Saudi Arabia’s Dammam Port Sets New Record Of Handling Containers In August

Saudi Arabia’s King Abdulaziz Port in Dammam sets a new record by handling 199,609 TEUs (twenty-foot equivalent units) of containers...
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Tankers Could Profit If US Restricts Gasoline And Diesel Exports

America’s refiners are producing near-record volumes of gasoline and diesel and selling historically high amounts to overseas buyers. Why not...
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Baltic Sea Freight Index Falls On Lower Capesize Rates

The Baltic Exchange’s main sea freight index snapped a three-session long streak of gains on Tuesday, due to a fall...
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Daewoo Shipyard Applies New Technologies To Deliver Eco-Friendly Shuttle Tankers In Time

Daewoo Shipbuilding & Marine Engineering has delivered two eco-friendly shuttle tankers to its Norwegian client by applying new technologies that...
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Europe Heading For Recession As Cost Of Living Crisis Deepens

The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis...
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VOC Port Inks Concession For New 600,000 TEU Container Terminal In India

The V.O. Chidambaranar (VOC) Port Authority has signed a concession agreement with Tuticorin International Container Terminal Private Limited (TICTPL) to...
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LRQA Certifies Industry-Leading GMS Ship Recycling Monitoring Programme

GMS’s Sustainable Ship & Offshore Recycling Programme (SSORP) has become the first and only Compliance Monitoring program to be successfully...
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Ocean Shipping Rates Have Plunged 60% This Year

Freight rates on the main ocean trade routes are sinking during what is typically the industry’s peak season after cargo...
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Baltic Index Extends Gains On Higher Rates For Larger Vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains for a third...
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