When are shipping rates going to normalize?
McKinsey’s Steve Saxon and Jaana Remes explain why shipping rates haven’t fallen and provide a scenario for what to expect in 2022. If you’re in the United States, you
Several ships trapped in ice after Arctic sea freezes early near Russia
An early and unexpected freeze has trapped at least 18 cargo ships in the Arctic Sea off the coast of Russia. Ice up to 30cm thick has formed across most of the Laptev Sea
Diana Shipping commences self Tender Offer to purchase up to 3,529,411 Shares
GREECE : Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced the commencement of a tender offer to purchase up to 3,529,411
Centre sets deadline for SCI financial Bids
NEW DELHI : The Centre has finalized the date for financial bidding of an Indian public sector undertaking Shipping Corporation of India (SCI). The government holds a 63.75% stake
Containers seized at Mundra used for shipping fuel for nuclear plant: Pak
ISLAMABAD : Pakistan on Saturday said the containers seized by Indian authorities at Gujarat’s Mundra Port on a Shanghai-bound cargo ship were ’empty’ but were earlier used for the transportation
Explained: Why the shipping container crisis will not end soon
MUMBAI : Last weekend on a visit to the Jawaharlal Nehru Port in Navi Mumbai, India’s largest container handling port, Shipping and Ports Minister Shri Sarbananda Sonowal vowed
World’s First Electric Autonomous Cargo Ship Launched In Norway
OSLO : Zero emissions and, soon, zero crew: the world’s first fully electric autonomous cargo vessel was unveiled in Norway, a small but promising step toward reducing the
World’s largest LNG tank container ship launched
Tiger Gas (Shanghai), part of Hong Kong shipping investor Graham Porter’s portfolio, has launched the world’s largest LNG tank container ship. The ship, Tiger Maanshan, is one of
MRPL’s SPM handles the 500th vessel-Business Journal
MANGALORE : The single point mooring (SPM) facility of Mangalore Refinery and Petrochemicals Ltd (MRPL) handled the 500th vessel. A press release by the company said that ‘MT
Fragmented voice of shipping fails in climate change challenge
The shipping community has to bare the blame for the situation it now finds itself in as it faces the challenges of climate change Indeed, the shipowning community