News Updates

No additional relaxations for CDC allowed
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No additional relaxations for CDC allowed

The director general of shipping has turned down Goan Seaman Association of India’s (GSAI) request to withdraw the order for..

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Extended period required to replace conventional global fleet
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Extended period required to replace conventional global fleet

A carbon levy for shipping could be the answer, in order to fund the make the transition to greener shipping..

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Capesize index falls
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Capesize index falls

The Baltic Exchange’s dry bulk sea freight index extended losses for a seventh straight session on Monday, as a drop..

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Supply-chain crisis reaching its peak
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Supply-chain crisis reaching its peak

Optimism is in short supply among industrial chief executives. Congested ports and a scarcity of labour and goods like semiconductors..

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Shipping disruptions
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Shipping disruptions

Global supply chains are congested. In California, there have been record-breaking queues of container ships outside major ports.   “We..

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Shipbrokers optimistic about renewed rebound in asset prices
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Shipbrokers optimistic about renewed rebound in asset prices

Prices for dry bulk carriers could soon rally, following hot on the heels of the latest rally of the dry..

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Prices of the metal used in power and construction leaped 10%
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Prices of the metal used in power and construction leaped 10%

Copper prices continued to rally towards record highs on Monday as signs of extremely tight supply outweighed concern that slowing..

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Iran claims China admits vessels only in small ports and demands huge fees
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Iran claims China admits vessels only in small ports and demands huge fees

Massoud Daneshmand, member of the association of transportation companies told ILNA news agency that because of US sanctions against Iranian..

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Global Piracy Incidents Fall to Lowest Level in Decades
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Global Piracy Incidents Fall to Lowest Level in Decades

Reported incidents of piracy and armed robbery at sea fell to the lowest recorded number in nearly three decades in..

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