News Flash

India: Govt readies ambitious plan to lift sagging exports

The commerce ministry has devised a multi-pronged plan that includes offering incentives and exploring new markets to revive outbound shipments...
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China’s iron ore traders seek low-cost Indian supplies as steel margins slump

China is set to snap up significant volumes of low-grade Indian iron ore in coming weeks, as Chinese steelmakers seek...
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Black Sea Region Could Add Further Support to the Dry Bulk Market in the Coming Months

The dry bulk market could receive a boost from the existing condition in the Black Sea grain market. In its...
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Shipbuilders vie to dominate autonomous navigation market

Competition is heating up among Korea’s three largest shipbuilders to dominate the rapidly growing market for autonomous ships, according to...
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Jinhui Expects Low Dry Bulk Vessel Orders, as Regulatory Environment Remains Uncertain

INTERIM DIVIDEND The Board has resolved not to recommend the payment of any interim dividend for the quarter ended 30...
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Russia oil turmoil seen driving tanker market higher

Tough new sanctions on Russian oil shipments taking effect from December are likely to boost already high tanker rates as...
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InterManager welcomes IMO commitment to address enclosed space risks

InterManager has welcomed a commitment by the International Maritime Organization (IMO) to review guidance governing safe working in enclosed spaces...
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Baltic index hits over 2-week peak on firm demand for larger vessels

The Baltic Exchange’s dry bulk sea freight index rose to a more than two-week high on Monday, supported by higher...
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Across China: Captains set sail on upper section of Yangtze with upgraded facilities

As a child, Liu Jie was already acquainted with life on the Jinsha River, the upper section of the Yangtze,...
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Ammonia Fueled Bulk Carrier Obtained AiP from Classification Society ClassNK

Kawasaki Kisen Kaisha, Ltd. (“K” Line) announced today that, together with ITOCHU Corporation, Nihon Shipyard Co., Ltd., Mitsui E&S Machinery...
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Tankers: VLCCs Down, but Product Tankers Up This Week

Clean The market has generally seen improvements all round this week. This was reflected in the BCTI climbing 277 points...
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China and India easing away from Russian crude oil may be temporary

There are signs that China and India are pulling back from buying Russian crude oil ahead of the Group of...
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India: Government To Monetize 9 Majors Ports Between FY22-25 Under NMP

The Government of India is prioritizing maritime development to enable ports to identify and resolve bottlenecks in enhancing multimodal connectivity,...
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Visakha Container Terminal sets new record in productivity

Visakha Container Terminal set a record on November 17, 2022, where its highest productivity to date was achieved on the...
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UAE set sights on 50mln containers by 2032

The UAE will continue to promote its shipping sector as it recognising the critical role of the maritime sector in...
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Enagas says LNG backlog at Spanish ports has eased

Spanish gas grid operator Enagas said on Friday a backlog at its terminals that had forced it to warn it...
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Russia denies slowing inspections for Ukraine grain ships

Russia’s ambassador to Turkey said on Friday that Moscow sends its representatives to more ship inspections in Istanbul per day...
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Robust Aframax rates lure LR2 tankers into dirty market

Strong Aframax freight rates for hauling crude and fuel oil are luring clean Long Range II, or LR2, product ships...
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Methanol as an alternative fuel for container vessels

Methanol holds significant potential as a future ship fuel and has recently emerged as a major topic in the discussion...
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Older Tankers in High Demand

Demand for tankers aged from 15-years and older have been in high demand in the secondhand market. In its latest...
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