News Updates

Fuel surcharges have risen close to 50%
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Fuel surcharges have risen close to 50%

The rise in crude oil prices that followed the Russian invasion of Ukraine is clearly seen in bunker fuel surcharges...

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Baltic index continues its downward trend
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Baltic index continues its downward trend

The Baltic Exchange’s main sea freight index extended its decline for the third session in a row on Thursday, dragged..

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Transformation in Yacht Chartering accelerates
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Transformation in Yacht Chartering accelerates

Driven by the creative response of shipowners and builders to the pandemic, along with the changing desires of travelers, the..

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The Panama Canal collects industry inputs to simplify tolls structure
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The Panama Canal collects industry inputs to simplify tolls structure

The Panama Canal concluded its formal consultation period for industry feedback on its simplified tolls structure proposal by holding a..

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Tanker vessel detained with illegal foreign crew
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Tanker vessel detained with illegal foreign crew

A tanker vessel was detained at 14.1 nautical miles off northwest, here, by the Labuan Malaysian Maritime Enforcement Agency (MMEA)..

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Single Window ship data exchange to become mandatory
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Single Window ship data exchange to become mandatory

IMO’s Facilitation Committee has adopted amendments to the Facilitation (FAL) Convention which will make the single window for data exchange..

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Iraq may play a major role in oil supply
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Iraq may play a major role in oil supply

With Russian oil heading eastwards, the West is looking at all possible avenues to boost oil supply. To this extent,..

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Baltic index hits over five-month peak
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Baltic index hits over five-month peak

The Baltic Exchange’s main sea freight index rose on Monday, hitting its highest in more than five months on gains..

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New Gangavaram Port Container terminal to offer integrated logistics solutions
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New Gangavaram Port Container terminal to offer integrated logistics solutions

Gangavaram Port, the deepest and the most modern port in the country will be setting up its first container terminal...

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