Shipping industry on track to cut emissions : IMO Secy Gen
SINGAPORE : The Head of the International Maritime Organisation (IMO) is “very confident” that the shipping industry is on track to finalise by next year how it will
‘World’s first’ ammonia dual-fuel Aframaxes ordered by MISC
KUALA LAMPUR : Malaysia’s shipowner MISC has ordered and chartered out, via its petroleum arm AET, ‘the world’s first’ two ammonia dual-fuel Aframaxes. AET signed the shipbuilding contracts
Liner shipping’s EU policy prorites for a sustainable, competitive, and secure maritime sector –
WASHINGTON D.C. : The World Shipping Council (WSC) is calling on the EU to design policy frameworks that facilitate the essential role of shipping in a globally connected
Eureka Shipping announces construction of new cutting-edge cement carrier for Great Lakes Trade
NORWAY : Eureka Shipping, a leading provider of sustainable, high-efficiency cement carrier services jointly owned by SMT Shipping and The CSL Group, is pleased to announce the construction
Baltic index hits over 3-week high as vessel rates climb
LONDON : The Baltic Exchange’s dry bulk sea freight hit a more than three-week high on Thursday, driven by robust demand across all vessel segments. The overall index,
PIL posts US$277.6 million earnings for FY2023, expects to stay profitable in FY2024
SINGAPORE : Container carrier Pacific International Lines (PIL) posted US$277.6 million in net profit for FY2023 – about 10 per cent of its FY2022 earnings of US$3 billion
Maersk enhances ME2 Service between India and North Europe
MUMBAI : Maersk announces a significant upgrade to its ME2 Ocean Service. As of third week of April, the ME2 service will include port calls to key destinations
PIL enhances presence in East Coast South America with two revamped direct services- East Coast Serv
SINGAPORE : With the aim of improving and enhancing our presence in East Coast South America, Pacific International Lines (PIL) is pleased to introduce two revamped weekly direct
Iran-Israel clash may further disrupt the shipping industry
LONDON : The ongoing conflict between Iran and Israel has the potential to further disrupt the shipping industry, raising global concerns about maritime security and increasing the war-risk
Russia builds new Asia trade routes to weaken sanctions over war
MOSCOW : Russia is pressing ahead with the construction of two new transport corridors linking Asia and Europe, seeking to weaken sanctions over its war in Ukraine at