News Flash

Weak Demand Across Vessels Drags Baltic Index To Worst Month In Over 2 Years

The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell on Wednesday and registered...
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Grain Silos At Mykolaiv Port Hit By Russian Attack – Emergencies Service

Grain silos in Ukraine’s second biggest port, Mykolaiv, were hit by Russian shelling of the city on Tuesday, causing a...
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Global Ship Lease Announces Forward Charter Agreements

Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it has entered into new multi-year charters with Hapag-Lloyd...
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NUSI Secretary Booked For Siphoning Off Crores From Seafarers’ Welfare Funds

The Economic Offenses Wing (EOW) of the Mumbai police has registered an FIR against the secretary of the National Union...
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Ukraine Grain Exports Down 52.6% So Far For 2022/23, Ministry Says

Ukraine’s grain exports are down 52.6% year on year at 3.6 million tonnes in the 2022/23 season so far, the...
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Russian Oil Loadings From Western Ports To Rise 4% In Sept m/m

Oil loadings from Russia’s western ports of Primorsk, Ust-Luga and Novorossiisk are set to rise to 8.8 million tonnes in...
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A.P. Moller-Maersk Divests Its Share In Global Ports

A.P. Moller-Maersk’s (Maersk) terminals business, APM Terminals (APMT) has entered into an agreement to divest its 30.75% shareholding in Global...
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ABS Launches Industry’s First Sustainability Guide For Greener Offshore Operations

ABS has launched detailed requirements for greener offshore operations in the first sustainability guide to target the offshore industry. Developed...
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IMO Secretary-General To Visit Odesa

IMO Secretary-General Kitack Lim is scheduled to visit the port of Odesa on Monday (29 August), to see at first-hand...
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Capital Product Partners L.P. Extends Employment Of Two LNG Carriers To 2031 At Increased Day Rate

Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today...
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Savosolar Oyj And Meriaura Oy To Merge With A Share Exchange

Savosolar Oyj has signed a conditional share exchange agreement on 29 August 2022 with VG-Shipping Oy to acquire marine logistics...
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Pain Of Breaking Inflation Will Reverberate Around The Globe

The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming...
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India’s Status As World’s Fastest Growing Major Economy To Be Short-Lived

India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to...
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India’s Crude Imports Reach Three-Month High

India’s crude oil imports increased by 140K b/d m-o-m and 1.26M b/d y-o-y to 4.81M b/d in July, rising for...
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Bangladesh Set To Import 500,000 T Of Wheat From Russia

Bangladesh is set import 500,000 tonnes of wheat at $430 a tonne from Russia in a government-to-government deal as it...
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US LNG Export Terminals Stage Production Push As European Gas Prices Top $100/MMBtu

Record global gas prices, now trading as high as $100/MMBtu in onshore European markets, are putting pressure on US LNG...
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IMO Has Conducted A Needs Assessment Mission To Malawi (22-26 August) To Assess And Support The Country’s Maritime Sector

As well as identifying gaps in the Malawian maritime administration, the objectives of the mission were to make recommendations on...
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Climate Change Could Bring Back Wind As The Future Power Source For Ocean Cargo Ships

International trade is still heavily reliant on oceangoing vessels and the noxious bunker fuel that feeds most ships’ massive diesel...
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Frédéric Denèfle Named As Candidate For IUMI Presidency

Frédéric Denèfle, Managing Director of French marine war risks specialist GAREX, has been announced as the candidate for the role...
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Generations Y And Z Urge The Maritime Industry To Make Human Sustainability A Strategic Priority

The call for change is clear from the 188 young leaders from 27 different countries, who participated in the Future...
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