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Adani Ports Inks Deal To Enhance Haldia Dock’s Capacity In Bengal

Adani Ports and Special Economic Zone said that its wholly owned subsidiary HDC Bulk Terminal (HBTL) has signed a concession...
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Fire Hits Oil Terminal And Oil Tanker In Venezuela

A fire broke out at an oil terminal in Venezuela on Saturday when a pipe used to supply gasoline to...
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Suez Canal Authority To Raise Transit Fees By 15% In 2023

Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, the canal authority’s chairman...
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Pacific Coast Port Volumes Stumble As US Demand Turns Bearish

US West Coast ports reported sliding throughput figures for August as tepid demand for ex-Asian cargoes pressured the market, while...
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Maritime Insurance Premium, Claims Norms To Change On Energy Transition

Parameters and criteria for providing maritime insurance will change in the coming years, as the shipping industry moves towards decarbonization...
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Tanker Stocks Continue Bucking The Market’s Downtrend

Commodity shipping remains heavily impacted by the ongoing war in Ukraine. While many of the recent imbalances between supply and...
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G7’s Grand Plan To Squeeze Russia Oil Windfall Hinges On Tanker Shipping

They say you can’t have your cake and eat it too. The G7 countries, led by the U.S., think they...
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The Failed Takeover Of Maersk’s Box Manufacturing Arm Offers Respite To Reefer Buyers

The collapse of China CIMC’s planned takeover of Maersk’s container manufacturing arm maintains some level of competition in the sector...
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Indian Coast Guard rescues 19 from ‘sinking’ ship near Ratnagiri

In a swift and coordinated rescue operation, the Indian Coast Guard saved 19 crew members - 18 Indians and the...
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Gujarat Ship Recyclers Face Cost Challenges

Units functioning at Asia’s biggest ship-recycling yard in Gujarat are facing a set of three problems — higher cost of...
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Tumbling Spot Rates Close Gap Between Main Asia To US West Coast Trades

The latest ocean freight rates data from Xeneta shows that spot prices across the main trans-Pacific and US West Coast...
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UK And Swiss Shipping And Banking Organizations Need Better Technology To Navigate Sanctions

As international sanctions come to the fore in global trade, research in the UK and Switzerland shows how compliance is...
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VLCC Spot Market Grew By 16% During August

The tanker market trended higher during the month of August, as demand picked up, OPEC said in its latest monthly...
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CMT Introduces A Revolutionary, Future-Proof Circular Process!

Circular Maritime Technologies International (CMT) introduces a revolutionary and future-proof circular process for the ship breaking industry. CMT is born...
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NIBC’s Shipping Business Delivered Strong H1 Results, Showing That Our Chosen Strategy Is Paying Off

NIBC looks back at a successful first half year, realising a 25% growth of the shipping portfolio to EUR 1.143...
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Foreship Makes Key Project Management Appointment To Drive Cruise Ship And Ferry Refurbishment Business

Leading naval architecture and marine engineering consultancy Foreship has appointed Brendan Harris as Director, Project Management Services, Foreship LLC, in...
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Goodbulk Ltd. Reports Higher Second Quarter Profits Despite Dry Bulk Market’s Retreat

GoodBulk Ltd., a leading owner and operator of dry bulk vessels, today announces its financial results for the second quarter...
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Baltic Index Logs Best Week In 7 Months On Capesize Strength

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its best week in...
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Bangladesh Exports Its ‘Largest Ever’ Container Ship To UK

Bangladesh on Tuesday exported a locally built 6100-ton load capacity high-speed multipurpose container ship to the UK. This is the...
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FBCCI Seeks Testing Labs At Ports For Speedy Release Of Goods

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government on Wednesday to set up testing labs...
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