News Flash

Trade Financing To Experience Period of Transformation, Post-COVID

The existing disruptions in the global supply chain and commodities’ trade is having an impact on all aspects of trade,...
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45 Countries Designated Seafarers As Key Workers

Forty-five IMO Member States and one Associate Member, Hong Kong,  have now designated seafarers as key workers, a key step in resolving the ongoing crew change...
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Asian Container Shortage Threatens European Indica Rice Supply In Early 2021: Sources

Delays to rice shipments caused by container freight issues are increasingly expected to tighten Indica rice supply in Europe, regional...
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Probunkers Submits Request For LNG Bunkering License In Port Of Singapore

probunkers responded to the Request for Proposal (RFP) of The Maritime and Port Authority of Singapore (MPA) for new licensees...
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China To Be Top Market For Onshore Seismic In The Next Two Years; Global Recovery To Wait Until 2022

The global onshore seismic market has had a devastating 2020 with a 27% slump in purchase value. Next year is...
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Lloyd’s Lists Capt. Rajesh Unni Among Most Influential Executives

Lloyd’s List has named Rajesh Unni, CEO and Founder of Synergy Group, as one of the most influential executives in...
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First Newbuild Large Bulk Carrier to be Fitted with Five Rotor Sails

A newbuild large bulk carrier will be outfitted with the newest version of the rotor sail technology as part of...
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Marine Transportation Industry: Preparation For Inflation

In 2021, both tanker and bulk freight rates should climb as commodity demand improves on a global production recovery and...
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IMCA Fully Supports The Seafarers Delivering Christmas Campaign

The International Marine Contractors Association (IMCA) is supporting the Seafarers Delivering Christmas campaign, highlighting both the ongoing crew change crisis...
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India: Core Secretary Panel Set To Take Up Shipping Corporation Disinvestment

The cabinet secretary-headed core group of secretaries on divestment will, on Monday, take up the issue of preliminary information memorandum...
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Container Shortage Crisis Arrives For India

After China, the U.S., the EU and Australia, the next country to be badly hit because of containers (either surplus or...
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The Pole To Pole Network That’s Making Waves On The Internet Of Things

In the maritime industry, communication at sea has lagged far behind the onshore world in terms of connectivity. There is...
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Three Killed, Five Missing After Two Ships Collide Near Shanghai

Two smaller container ships operating feeder routes along China’s Yangtze River collided overnight near Shanghai, causing one of the vessels...
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New Bill To Encourage Gas Imports In Brazil

It is in the hands of the Chamber of Deputies to assess, change and approve a bill that promises to...
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Owners’ Responsibilities Clarified In New GENCON Charter

The drafting team working on the revision of GENCON 94 has agreed on a new Clause 2 for shipowners’ responsibilities....
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Singapore, China To Promote Talent And Academic Exchange In Maritime Sector

Under the MOU, the Maritime and Port Authority of Singapore (MPA) and SMU will cooperate in two focus areas, namely...
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Coronavirus Slows Safety Reforms In Bangladesh’s Ship-Breaking Industry

The coronavirus pandemic has slowed efforts to make safer the often hazardous job of dismantling old ships in Bangladesh, officials...
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EU Leaders Unblock 1.8 Trillion Euro Budget, Recovery Fund, Eye Climate Goals

European Union leaders unblocked this week a 1.8 trillion euro financial package to help the economy recover from the pandemic-induced...
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Gulf Oil Inks Agreement To Buy Ocean Tankers’ Lubricants Plant In Singapore

Gulf Oil International Ltd, part of the Hinduja group, said it has reached an agreement to acquire the lubricant blending...
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Covid-19 Vaccine Logistics: Potential Risks And Pain Points

According to the WHO, there are currently more than 100 COVID-19 vaccine candidates under development, with a number of these...
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