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US Port fees on foreign ships to shake up trade flows, freight markets

NEW YORK : The US Trade Representative (USTR) has announced additional port fees on foreign vessels and marine equipment that mainly target Chinese shipping,...

Indian Govt. plans to spend $10 billion on homebuilt oil tanker fleet

NEW DELHI : Indian Government is planning to spend 850 billion rupees ($10 billion) to purchase 112 crude carriers through 2040, people familiar with...

The University of Tokyo and 16 Organisations announce launch of Joint Research Initiative to achieve a Carbon-Neutral Society

TOKYO : ClassNK and 16 organisations—The University of Tokyo, IHI Plant Services Corporation, INPEX CORPORATION, ENEOS Xplora Inc., Kanadevia Corporation, Kawasaki Heavy Industries, Ltd.,...

SHIPPING: Asia-US container rates flat to higher as capacity reduction offers support

LONDON : Rates for shipping containers were stable to higher this week as carriers have reduced capacity by 4-5% along the trade route amid...

Shipping data: UNCTAD releases new seaborne trade statistics

GENEVA : Maritime transport moves over 80% of goods traded worldwide. Country-level seaborne trade data is vital for shaping better transport, trade and investment...

Wisestella’s AI-Powered Behavioural Competency Tool helps Tanker Company secure landmark Charter

SINGAPORE : Wisestella, a leading provider of AI-powered maritime learning solutions to the tanker fleet, has announced that its technology has played a pivotal...

SHIPPING: China cargo bookings expected to plunge as US trade war intensifies

HONG KONG : Container throughput from China’s main ports fell by 6.1% over the past week and cargo bookings over the next three weeks...

Caribe Tankers to trial Inmarsat NexusWave for connected certainty and enhanced crew welfare

LONDON : Inmarsat Maritime, a Viasat company, has announced Caribe Tankers USA, Inc (CTU) will trial Inmarsat’s fully managed bonded connectivity service, NexusWave, on...
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