News Flash

China’s Mooted End To Australian Coal Ban Will Have Zero Market Impact

Talk that China may end its unofficial ban on imports of Australian coal is unlikely to result in any significant...
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BSM’s Fleet Performance Centre Supports Owners To Meet Upcoming EEXI And CII Compliance

With new IMO regulations on Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) taking effect in 2023,...
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India’s June Crude Oil Imports Up On Demand Recovery, Russian Discounts

India’s crude oil imports in June rose nearly 21% from the same month last year, helped by a steady increase...
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Seahawk Investments: Dislocations Due To Russia Sanctions To Support Tanker Segments

Transportation and energy – two markets that have seen strong movements in recent months. Corona pandemic, supply chain issues and,...
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DSME Back To Work To Meet Ship Delivery After 51-Day Strike Ends

South Korea’s debt-ridden Daewoo Shipbuilding & Marine Engineering Co. (DSME) is skipping the regular summer break to keep up with...
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Civil Damage, Criminal Charge Issues Linger After DSME Strike

Civil damage claims of up to 800 billion won ($610 million) will continue to haunt the unionized subcontractors of Daewoo...
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Terminals At California’s Third-Busiest Port Resume Regular Hours On Monday

Marine terminals at California’s Port of Oakland opened for normal operations on Monday after port leaders and police ended a...
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Traders Turn To French Wheat For Pakistan As Black Sea Supplies Tighten

Traders bought up to seven shipments of French wheat aimed for Pakistan as part of a 300,000 tonne tender last...
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Iron Ore Scales Two-Week High On China Demand Hopes

Iron ore prices touched two-week highs on Tuesday, extending a rally on hopes that improving margins at Chinese steel mills...
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Egypt Proceeding With Plans For LNG Bunkering Operation At Suez Canal

Egypt’s state-owned energy company EGAS (Egyptian Natural Gas Holding Company) reports that plans are moving forward for the development of...
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Capesize Weakness Drags Down Baltic Sea Freight Index

The Baltic Exchange’s main sea freight index slipped on Monday over declining rates in the capesize vessel segment. The overall...
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Rhine Water In Germany Falls Again, Ships Only Part-Loaded

Water levels on the Rhine in Germany have again fallen in hot summer weather and vessels are still unable to...
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DSME Wins A 649.5-Billion-Won Order For Two LNG Carriers

Daewoo Shipbuilding & Marine Engineering (DSME) announced Monday that it received a 649.5-billion-won ($494.8-million) order from a European shipping company...
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IAPH Statement On The Current Situation Facing Ukrainian Ports

IAPH welcomes the international agreement reached last Friday to establish a humanitarian maritime corridor which should enable ships to export...
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Silverstream Technologies Signs MOU With Mitsui & Co. Europe Plc. And Orient Marine Company

Clean technology company Silverstream Technologies has signed a Memorandum of Understanding (MOU) with leading Japanese trading company Mitsui & Co....
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Ukraine Works To Resume Grain Exports, Flags Russian Strikes As Risk

Ukraine forged ahead with efforts to restart grain exports from its Black Sea ports under a deal aimed at easing...
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Port Of Oakland Terminals Reopened As Truckers’ Protest Moved To New Site

California’s Port of Oakland has fully resumed operations after truckers protesting a gig-work law blocked access for five days and disrupted the...
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Shipping’s New ESG Rules Could Starve Millions

A new report found that more than 75% of ships will not meet the International Maritime Organization’s (IMO) new Environmental...
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German Industry Cuts Production Due To High Energy Prices: DIHK Survey

A number of industrial companies in Germany are cutting production in reaction to soaring energy prices, a survey by the...
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Maersk Launches Inland Container Service Between India And Bangladesh

It might be Maersk’s smallest container ship, but the new inland service represents a unique solution to ensuring the movement...
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