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DNV And DSME Join Hands To Develop Wind-Assisted Propulsion System
Daewoo Shipbuilding & Marine Engineering (DSME) and DNV have signed a memorandum of understanding (MOU) to establish energy-saving wind assistance...
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Wärtsilä Propulsion Solution Selected For Sustainable New Hybrid Tug
The technology group Wärtsilä will supply its advanced thruster solution for a new hybrid tug being built to operate in...
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Agreement Reached, SC Closes Case Between Adani Ports And JNPT
The Supreme Court on September 5 allowed a case involving a dispute between Adani Ports and the Jawaharlal Nehru Port...
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Commerce Secretary Optimistic Of Changing Weather After India’s August Trade Data Shows Exports Losing Steam
A contraction in exports coupled with a high import bill has renewed concerns over India’s widening trade deficit and its...
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Tanker Values On The Rise
Astronger tanker market over the course of the past few weeks, has helped increase prices for tankers as well. In...
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Iran Navy Says Thwarted Pirate Attack On Ship In Red Sea
An Iranian naval flotilla foiled a pirate attack on an Iranian merchant vessel in the Red Sea, the navy said,...
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Iron Ore Crumbles As China COVID Curbs Dampen Demand
Dalian iron ore fell on Friday to its weakest level in more than five weeks, while the steelmaking ingredient hit...
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India Is Likely To Become Third Largest Economy By 2029: SBI Report
India is likely to become the third largest economy by 2029 — up seven places since 2014 when the country...
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Dry Bulk Market: Capesizes Continue To Struggle
Capesize The Capesize market continues to struggle as demand for iron ore remains weak. Vessels in the Atlantic have had...
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India’s Oil Imports From Russia Fall In Last Two Months, Down 25% From June
In the last two months, India’s crude oil imports from Russia have declined. However, the overall import of crude oil...
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Container Freight Spot Market Continues To Sit Below Contracted Rates
High inflation levels, inventory surpluses and inflated costs of living have hampered appetite for Asian products, resulting in container rates...
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British Port Workers Plan Two-Week Strike From Sept. 19
More than 560 dockworkers at the Port of Liverpool, one of Britain’s largest container docks, will go on strike from...
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Gibraltar Says Heavy Oil Leaking Into Sea From Cargo Ship
Gibraltar’s government said a stricken bulk carrier had leaked a small amount of heavy fuel oil into the sea, three...
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Tanker Refloated After Breakdown In Egypt’s Suez Canal
Tug boats refloated an oil tanker that was briefly stranded in Egypt’s Suez Canal late on Wednesday after to a...
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DNV Appoints New Area Manager For UK & Ireland
DNV, the world’s leading classification society, is pleased to announce that Tony Linden will step into the role of Area...
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Yuan Wang Has Maritime Lessons For India
The Chinese have complete control of Hambantota harbour as Lanka leased it to China Merchants Port Holdings for 99 years...
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BIMCO Shipping Number Of The Week
Fresh stimulus could boost Chinese iron ore imports, down 3.3% YTD Preliminary shipping data from Oceanbolt shows a 1.7% y/y...
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Spot Rates Comparison On Major Trade Routes
The recent trend of falling spot rates has left many shippers and the wider container shipping industry pondering how much...
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Clear Seas Report On “Scrubbers” Provides Background In The Use Of These Anti-Pollution Devices For Shipping
Scrubbers are a relatively simple technology designed to remove polluting sulphur oxides from a commercial ship’s engine exhaust and cut...
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MISC Sets The Record As The Award Recipient For Strongest Commitment To Sustainable Energy Transportation
MISC Berhad (MISC or the Company) was honoured as the award recipient of the Strongest Commitment to Sustainable Energy Transportation...
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