Dry Bulk Market – Positive Momentum in all Classes : Baltic Exchange
LONDON : The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase in volume with several tenders and operator-controlled
Cyberattack keeps Australian Ports offline as containers pile up
SYDNEY : Australia is assessing the logistical impact of a cyberattack that has paralyzed some of its biggest ports since Friday and said interruptions will continue for several
Soaring fees at Panama Canal have LNG Shippers taking long route
NEW YORK : Liquefied Natural Gas shippers increasingly are opting to travel up to two weeks longer and almost 6,000 nautical miles further to bypass the Panama Canal as transporters
NYK boosts fleet with new LNG-powered PCTC
TOKYO : Japanese shipping company Nippon Yusen Kaisha has taken delivery of Sweet Pea Leader, the latest LNG-fueled pure car and truck carrier (PCTC), at Tadotsu Shipyard, part of Imabari
GRSE earns Rs 1,654 crore revenue from operations in 1st half of FY 2023-24
KOLKATA : Defence PSU Garden Reach Shipbuilders and Engineers Limited (GRSE) on Friday said it earned a revenue of Rs 1,654 crore from operations in the first half
Oil tanker blast at Chennai Port kills one, injures three
CHENNAI : An explosion on board an oil product tanker docked along one of the berths at India’s Chennai Port killed a worker and injured three others on
DP World Australia shuts down ports in Australia over ‘cybersecurity incident’
SYDNEY : Ports operator DP World Australia has shut down its ports around the whole country as it works to contain a “cybersecurity incident”. The stevedore, which manages
A plan to join the Red Sea with Mediterranean — an alternative to the Suez Canal : Report
It has been speculated that one of the reasons behind Israel’s desire to eliminate Hamas from the Gaza Strip and completely control the Palestinian enclave is to give itself the
Ruth Wood appointed as permanent CEO at Mersey Maritime
BIRKENHEAD : Just five months after becoming Interim Chief Executive of Mersey Maritime, Ms. Ruth Wood has now been appointed to the role on a permanent basis. Ruth
NAVTOR and Voyager Worldwide to Merge in Landmark Industry Combination
EGERSUND : NAVTOR, a leading e-Navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a leading provider of maritime technology solutions, announced that both companies have
