News Flash

MOL chief pledges to never allow another incident like Wakashio

“As we take to heart that safe operation is the fundamental value of our company and the foundation of our...
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ClassNK releases Guideline for Survey and Facilities/Equipment of LNG Bunkering Ships

Leading Classification Society ClassNK released its Guideline for Survey and Facilities/Equipment of LNG Bunkering Ships, which outline the additional safety...
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India: Government Floats PPP Model For Dredging Projects At Major Port Trusts

The Government has floated the concept of undertaking channel deepening and maintenance works at major port trusts through the public-private-partnership...
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Pending Subscription Dues Worth ₹65 Lakh Strains Shipping Corporation-INSA Ties

SCI owes a total of about ₹65 lakh to INSA due in April last yearRelations between the Shipping Corporation of...
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Philippines In Temporary Crew Change Ban On Vessels Arriving From 20 Countries

The Philippines Port Authority (PPA) said in Facebook post that from 30 December 2020 to 15 January 2021 it would...
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Krishnapatnam Port Management Reach Pact With Workers Union To End Stand-off

The management of Krishnapatnam Port Co Ltd (KPCL) reached an agreement with Krishnapatnam Port Clearing and Forwarding Workers Union on...
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Great Eastern Becomes India’s Biggest Shipowner by Vessel Count

When it comes to shipowning nations, the likes of Greece, China, and the USA are the first countries that come...
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India Proposes Crew Change At Sea For Ships Stranded Off China

Indian authorities proposed to their Chinese counterparts facilitating a crew change at sea for the crew members stranded aboard the...
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Historic Great Lakes Ferry Acquired By Interlake

The historic Great Lakes passenger-car ferry the S.S. Badger has been acquired by the Interlake Holding Company. Built in 1952, the ferry...
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STI To Extend Concession, Invest Over $44m In Port Of San Antonio

As informed, the original concession expiring in 2025 will continue until 2030. Under the new plan, close to US$ 44.3...
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Brexit: What To Expect In The Port Of Rotterdam?

Midnight on 31 December will mark the end of the Brexit transition period in which no customs formalities are required...
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POSCO Moving to Expand Supply of Steel Products for LNG-fueled Vessels

POSCO is focusing on liquid natural gas (LNG)-powered vessels as global demand for these eco-friendly ships is expected to grow...
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Shipping Faces New Turmoil In European Emissions Trading Plan

Cooperation in the shipping industry to cut pollution from oceangoing vessels is running aground in Europe. The European Union is...
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China To Further Cut Crude Steel Output For Carbon Neutrality Goal

China will resolutely cut the output of crude steel and ensure it falls year on year in 2021, a senior...
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Saudi Arabia Expected To Raise February Crude Prices For Asia: Survey

Top oil exporter Saudi Arabia is expected to raise its official selling prices (OSPs) for Asian buyers for a second straight month...
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Oil demand won’t fully recover until 2022 — IHS Markit

Global oil demand will likely take another year or so to return to pre-pandemic levels — by late 2021 or...
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Navigator Holdings Ltd. Announces Closing Of The Sale of 39.1% Equity Interest To BW Group Limited and Changes To The Board of Directors

Navigator Holdings Ltd., today announced that the previously announced sale by funds managed by WL Ross & Co. LLC (“WL...
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COSCO Faces Backlash As It Moves To Tighten Grip On Greek Port

Global conglomerate China COSCO Shipping is gearing up for a fight as it seeks to tighten its grip over the...
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UAE Emerges As Hub For Companies Helping Venezuela Avoid U.S. Oil Sanctions

In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was...
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Adani Ports Jumps, Crosses ₹1 Trillion In Market Capitalization

Adani Ports and Special Economic Zone Ltd crossed ₹1 trillion in market capitalisation for the first time on Monday after...
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