Call for strengthening FMC enforcement powers over detention & demurrage charges
International Seaways completes merger with Diamond S Shipping
PSA & ONE ink deal to work towards a more responsible & greener maritime & shipping industry
Schedule reliability continues to be low in June
Shipmanager Steering Group launched to power vessel opex benchmarking
Clarification regarding applicability of IGST on repair cost, insurance and freight on goods re-imported after being exported for repairs, on the recommendations of the GST Council made in its 43rd meeting
Govt slashes Customs duty on lentil
Gangavaram Port extends tariffs for steel cargo vessels (export) up to Sept. 30
Cargo Integrity Group calls for risk-based measures to prevent pest contamination
Flyjac Logistics inks deal with Lodha's Palava Industrial and Logistics Park
Trade facilitation, digitalisation, track & trace, competition seen required to face the challenge of high maritime freight rates
Govt taking steps to ensure reliable & adequate supply chains as merchandise exports surge
Global economic growth in 2021 to be driven by advanced economies: IMF
FERRIES 2021 to meet in NYC area in November Marine Log partners with Passenger Vessel Association to plan first ferry event in 18 months Set to take place at the Hyatt Regency Jersey City on the Hudson, November 9-10 in Jersey
Metal Shark introduces next-generation fireboat Jeanerette, La., headquartered shipbuilder Metal Shark has introduced the 38 Defiant NXT, a next-generation welded-aluminum monohull pilothouse model based on the company's popular 38 Defiant platform. The first new vessel, Fire Boat
Inmarsat tunes up for the future of communications Over the next five years, mobile communications giant Inmarsat is to invest $100 million into what it says will be the largest ever transformation of its services, creating "the communications network of
New WTIV to feature Wärtsilä propulsion system The first of two new wind turbine installation vessels (WTIVs) under construction at the China Merchants Heavy Industry (Jiangsu) Co shipyard for Norway's OHT ASA will feature a Wärtsilä integrated propulsion and
First fully electric U.S. tugboat to be powered by ABB The recently announced eWolf tug-the first fully electric harbor tugboat in the U.S., built for sustainable and safe operations at the Port of San Diego in California-will feature an integrated electric propulsion
Skagit County releases RFP for electrical systems integrator for new all-electric ferry Skagit County, Washington, Public Works and Seattle-based vessel designer Glosten are seeking proposals from electrical integrators to provide the vessel and shore electrical systems and the automated charging plug for the all-electric
Exmar and fertilizer giant aim to put ammonia-fueled ship on water by 2025 Antwerp, Belgium, headquartered gas carrier operator Exmar is partnering with Canadian fertilizer producer Nutrien to deploy an ammonia-fueled vessel by as early as 2025. The vessel would be fueled by low-carbon ammonia
Kirby reports increased barge utilization America's largest tank barge operator, Houston-headquartered Kirby Corporation (NYSE: KEX) today reported results for the second quarter ended June 30, 2021 that included net earnings of $10.2 million, or $0.17 per share,
Wellbeing study finds 'despair and anger' among seafarers Universal ban on shore leave is taking its toll with seafarers calling the system 'broken'
Surcharges rise as service levels slump Less than half of containerships arrive at their scheduled time. But while reliability wanes, carriers are adding to costs with...
P&I pricing could rise 50% by 2024, says broker 'Everyone is aware that the next three to four years will be a challenging P&I market in terms of rating...
Finnlines shows signs of recovery despite passenger sector's long Covid Finnlines' core businesses have showed signs of recovery but pandemic-related travel curbs continue to suppress passenger numbers
Inmarsat transforms connectivity to bring in the digital age Chief executive Rajeev Suri says the network will integrate GEO, LEO and terrestrial 5G into one solution, enabling close-shore navigation...
D'Amico pins hopes on post-pandemic recovery after loss While gasoline and diesel consumption has picked up, especially in the US, jet fuel demand is being limited on reduced...
DSV Panalpina reaps the rewards of supply chain chaos The Danish freight forwarder is seeing more interest from customers that would normally go direct to carriers. But the increased...
Flag state willing to share data of accused oil-spill tanker Investigations reveal circumstantial evidence the tanker was responsible for February oil spill that shut Israeli beaches
Pacific Basin says strong demand drives dry bulk freight rates Hong Kong-based company reports best half-year results in 13 years and expects the strong market to continue into next year
Navios Partners orders new boxships after $100m quarterly profit The company has placed an order of four plus two 5,300 teu boxships and will pay for $61.6m for each...
Ever Given arrives in Rotterdam four months after blocking Suez Canal Evergreen-chartered vessel that closed the Suez Canal has been slowly steaming to its destination since it left Egyptian waters. Cargo...
IUMI 2021: marine insurance sector set for Seoul-less conference Theme of 'pathways to a sustainable, resilient and innovative future' will allow for wide-ranging discussions, not least on ESG, says...
Insurance finds grey area for tankers in US-sanctioned oil trades P&I coverage for more than 160 tankers shipping billions of dollars of sanctioned crude through some of the world's busiest...
Safe Bulkers posts highest quarterly profit in years The improved performance was mainly attributed to the improved market conditions, but the numbers also reflect additional revenues earned by...
Daily Briefing The pros and cons of India's new subsidy scheme for shipping | Low water levels in Argentina hinder full cargo...
Shipping industry 'nervous' about China's control of container market, FMC told Federal Maritime Commission presented a set of interim recommendations from its fact-finding investigation into challenges facing the ocean transportation supply...
Different container indexes, vastly different rates. Which is right? Disparities between container index prices wider than ever after big course correction by Freightos.
Port Houston reopens terminals to truck traffic The port's Bayport and Barbours Cut container terminals have been closed as the result of the hardware failure that began at 7 a.m. Tuesday.
Growth in air cargo volume hits 4-year high Air cargo throughput is expected to continue its upward trend after a strong first-half showing, IATA said.
Ever Given containers finally being offloaded at Port of Rotterdam The Ever Given, stuck in the Suez Canal for six days in March, finally berthed at the Port of Rotterdam on Thursday.
ARA fuel oil stocks rise 4.6% on week after 16-month lows: Insights Global Demand has ticked up a bit into Western Africa and other places for HSFO, one trader said.
European HSFO backwardation hits 21-month high High sulfur straight run can feed into the HSFO pool, as it can be used as both a bunkering and a heating fuel. Strength in the HSSR market is often an indicator of strength in the high sulfur fuel oil market.
Australia, UK to cooperate in low-emissions technology research, development Taylor and UK Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, signed a letter of intent focused on a variety of emerging technologies on July 29.
India JSW, Australia Fortescue tie up to explore renewable hydrogen In May, it was announced that FFI and Japan IHI Engineering Australia Pty Ltd and IHI Corporation have signed an MoU for an investigation into establishing a green ammonia supply chain between Australia and Japan, according to CSIRO.
Shanghai bunker operations resumes after typhoon In-Fa This comes on the back of a four-day closure at the ports in Shanghai, after Typhoon In-Fa made landfall in east China Zhejiang Province.
Platts proposes to amend volumes for Panama bunkers assessments Platts is proposing to change the ex-wharf volume range for all Panamanian assessments of Marine Fuel 0.5%S and IFO 380 to 500-1,000 mt. The current range is 500-1,500 mt for Balboa, Cristobal and the Panama Canal, which reflects the lower of the two ports on occasions when the two diverge.
Platts to include FSUs in ex-wharf Singapore bunker assessments from Sept 1 Any offer of oil from vessels approved for the MOC process will be on ex-wharf FSU basis.
Minerva Bunkering (USA) LLC to join Americas - Bunkers- Panama- Physical MOC Platts will publish all relevant information from Minerva Bunkering (USA) LLC accordingly.
SOUTH KOREA DATA: June oil products demand rises but COVID-19 resurgence may hit Q3 consumption The country consumed 77.37 million barrels, or an average of 2.58 million b/d, of refined oil products in June, compared with 71.64 million barrels a year earlier, the KNOC data showed.
South Korea's delivered 0.5%S bunker drops below Singapore on ample supply Delivered South Korea marine fuel 0.5%S is typically the highest in Asia, while Singapore the lowest.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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