News Flash

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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Wilson Sons Is The First Company In Latin America To Join TIC 4.0

Wilson Sons, Brazil’s leading integrated port and maritime logistics operator, has been selected and approved as a new member of...
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Maersk Hit With $180 Million Contract Claim From New York Shipper

A New York shipper is legally pursuing Maersk for $180m, claiming the carrier failed to meet contractual obligations during the...
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California Walnut Producers Struggle To Reach Overseas Markets

As summer winds down and the holiday season nears, California’s $1 billion walnut industry is gearing up for its busiest shipping...
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EPA Pulls Permit For Proposed Offshore Oil Export Terminal Off Texas

The U.S. Environmental Protection Agency has revoked the permit for a proposed 1.92 million barrels-per-day offshore oil export terminal off...
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White Paper –THE KNOWN UNKNOWNS Declassification of the Indian Ocean High Risk Area (HRA)

As you may be aware, key maritime industry bodies have decided to declassify the High Risk Area (HRA) in the...
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VIKING Spearheads Shift To Maritime Safety As A Service

When SMM kicks off in early September, maritime professionals from all over the world are set to rejoice at the...
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FMC Receives Complaint Against Maersk

U Shippers Group Inc., an association of shippers, has filed a complaint with the Federal Maritime Commission against Maersk, alleging...
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Big Panic: Giant Ship Lady Zehma Whistled And Dived Into Bebek Bay In Bosphorus And Ran Aground

The cargo ship, which had a rudder failure while cruising from Ukraine to Istanbul, ran aground 40 meters from Bebek...
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