News Flash

P&O Maritime Logistics Expands Its Cargo Transport Service With New Contract For Containerised Cargo Transport Across The Red Sea

P&O Maritime Logistics will help debottleneck customer supply chains by ensuring there is a faster cargo turnaround, enabled by the...
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DNV Launches New Class Notation For Enhanced Tailshaft Condition Monitoring And Performance

With its TMON(Oil lubricated, +) notation, DNV becomes the world’s first classification society to provide a qualified notation that adds...
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Performance Shipping Inc. Announces Agreement To Acquire Seventh Vessel; Its First LR2 Aframax Oil Product Tanker

Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels,...
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Gold Price Today: Yellow Metal Extends Gains In Choppy Trade, Silver Falls

Domestic gold prices extended gains on Wednesday amid negative trends in global markets. Global gold benchmarks remained largely unchanged. MCX...
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Pandemic Sets Back Asia-Pacific’s Poverty Fight By 2 Years

The pandemic has set back the fight against poverty in the Asia-Pacific region by at least two years, and many...
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Indian Coast Guard Hands Over 32 Rescued Fishermen To Bangladesh

The Indian Coast Guard Ship Varad on Tuesday formally handed over all 32 rescued Bangladeshi fishermen safely to Bangladesh Coast...
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Dockworker Strikes At Northern European Ports Add To Supply Chain Disruption

European supply chains are set for further disruption as transport unions step up industrial action in response to soaring inflation....
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Funding For Cadets Boosted To £43 Million Pounds Over Next Two Years To Help Build The Maritime Sector

The future of maritime has been given a massive funding boost by the UK Government with an increase in training...
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Up From The Deep: AAL Lifts Two Sunken Tugs From The Bottom Of The Mersey River In Tasmania

AAL Shipping (AAL) has undertaken a salvage operation to remove two tugs from the Mersey River in Devonport on the...
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Capesize, Supramax Gains Buoy Baltic Sea Freight Index

The Baltic Exchange’s main sea freight index was little changed on Tuesday, as capesize and supramax gains offset lower rates...
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Shippers Unlikely To See Lower Insurance Premiums Despite Lesser Indian Ocean Piracy Risk

Shipowners and charterers carrying commodities in the Indian Ocean are unlikely to see lower insurance premiums in the near term...
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CSM Agrees Exclusive Crew Training Deal With Nautilus Pacific Maritime Training In Manila

Columbia Shipmanagement has underlined its commitment to top level training of its crew by signing an agreement with the Nautilus...
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Nearly Two-Thirds Of Europe Facing Drought Or Drought Risk

Nearly two-thirds of European territory is in a state of drought alert or warning due to heatwaves and low rainfall,...
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Oil Jumps Nearly 4% On Possible OPEC+ Supply Tightening

Oil prices surged by nearly 4% on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support...
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Majority of Traders Now See Fed Raising Rates By 75 Bps In September

A majority of market participants now expect the Federal Reserve to raise rates by 75 basis points in September, data...
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India’s 1st Indigenous Aircraft Carrier ‘Vikrant’ To Be Commissioned On September 2

Prime Minister Narendra Modi will commission the country's first indigenously-built aircraft carrier (IAC) Vikrant on September 2, official sources said....
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Indian Navy Prepares For Women At Sea

INS Chilka, the navy’s basic training establishment in Odisha, is undergoing a transformation ahead of the arrival of the first...
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India, Iran Sign Lease Agreement In Boost To Chabahar Port Operations

The Chabahar project in south-eastern Iran is significant as it gives a transit route between India, Iran and Afghanistan bypassing...
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Asia To Spearhead Global Refinery FCCU Capacity Additions Between 2022 And 2026, Says GlobalData

Asia is expected to register the highest refinery Fluid Catalytic Cracking Units (FCCU) capacity additions globally between 2022 and 2026,...
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TTI Algeciras Operates A 20,000 TEU Megaship Of COSCO, The Largest To Date

COSCO’s containership COSCO SHIPPING TAURUS has called for the first time at the TTI ALGECIRAS terminal this weekend. The megaship...
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