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Waning vessel demand drags Baltic index lower

The Baltic Exchange’s main sea freight index on Thursday posted its worst day since the start of this year on...
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LNG Tankers Most Popular Among Newbuilding Orders

The popularity of LNG tankers among newbuilding orders is rather evident over the past few weeks. In its latest weekly...
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IMB Calls for Vigilance While Highlighting Drop in Piracy in 2022

The ICC International Maritime Bureau (IMB) is once again highlighting the continuing decline in global piracy incidents against vessels while...
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EoI for Rs 17,000cr transhipment port in Nicobar Islands by Jan-end

The Kolkata port on Thursday said an Expression of Interest (EoI) for the country's first mega container transhipment port at...
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Sea-Intelligence reports volume shrinking in North America West Coast

Sea-Intelligence noted in its latest report that when annualised against 2019, volume growth on the North America West Coast (NAWC) stagnated during the...
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VLSFO premium rises as inventories fall

Asia’s very low sulphur fuel oil (VLSFO) market gained on Thursday after stocks at Singapore trading hub declined to a...
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New Mangalore Port Authority first new member of 2023

We are pleased to announce that New Mangalore Port Authority has joined IAPH as our first new regular member of...
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Damen, NAPA and Bureau Veritas successfully deploy 3D classification approvals for first ship design

Damen Engineering has announced the completion of its first vessel design to be entirely created, reviewed and class-approved using 3D...
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Baltic index hits over 4-month low as vessel demand wanes

The Baltic Exchange’s main sea freight index dropped to a more than four-month low on Wednesday, pressured by weaker demand...
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Ship Recycling: Bigger but Fewer Ships Were Sent to India in 2022, as Bangladesh Rec

The ship recycling market in 2022, wasn’t that much different to 2021, in terms of the level of activity. In...
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India will do better than most of its Asian peers in 2023

India: At a glanceIndia’s economy is bucking the global trend, showing signs of strength in the third quarter of 2022...
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Paradip Port enters 100-MMT cargo handling ‘exclusive club’

Paradip Port Authority (PPA), Odisha’s lone major port, has achieved yetanother 100 million metric tonnes (MMT) cargo handling milestone for...
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Rise in ship anchorages in Strait of Georgia has some communities worried about environmental impacts

Days after a bulk freighter lost power and had to be towed to the coast of Greater Victoria, the incident...
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Adani Group completes purchase of Israel’s Haifa Port

A consortium led by India’s Adani Group has completed the purchase of Haifa Port in northern Israel for 4 billion shekels ($1.15 billion), Israel’s...
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China’s reopening could boost Australia’s economy by 1%, JPMorgan says

Australia’s economy could be no small beneficiary of an end to China’s zero-Covid policy over the next two years, according...
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Some shipping firms face hardship, some gain

In the context of rising interest rates and the US dollar, many port and shipping companies are confronting difficulties, but...
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Shipowner Pleads Guilty to Violating U.S. Sanctions on Iranian Oil

A naturalized U.S. citizen who was illicitly involved in oil trading with Iran is facing a maximum of 10 years...
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Scorpio’s first-quarter rates liftoff comes in face of twin headwinds

If a $14,000 per day improvement from already-strong fourth-quarter rates does not excite you, maybe wait a few weeks. That...
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Baku International Sea Trade Port continues operating normally despite snowy weather

Baku International Sea Trade Port (Port of Baku) continues to operate normally despite heavy snow, Spokesperson for the Port of...
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Container shipping stocks decline on lower freight rates

South Korean container shipping stocks, which surged after the Covid-19 pandemic, are falling amid concerns about an economic downturn and...
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