Business

The Great Eastern Shipping Company Ltd, India’s biggest ship owner by fleet size, is said to have filed an expression of interest (EoI) to buy state-run Shipping Corporation of India Ltd (SCI) from the government, reports the Hindu Business...

Diana Shipping Inc. reports first quarter net loss of $1.3 Million, says a press release published on their website. Net loss reported Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, reported a net loss...

The Baltic Briefing has released a report about the dry bulk market for the 43rd week of shipping activities of this year. The report dated 23rd October highlights the plight of the dry bulk market at the on-sight of...

In a major development, ZIM has announced that they have signed on as a member of TradeLens, the blockchain solution from Maersk and IBM, making it the fourth carrier to join the platform after Maersk, PIL and Seaboard Marine,...

According to an article published in Reuters, The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a four-month low on Monday, weighed down by easing rates across vessel segments. The...

According to an article published in Safety4sea, the Panama Maritime Authority issued a marine notice informing all Shipowners, Operators and Recognized Organizations on how to proceed in case of requests for postponement extension of statutory certification & services to...

Algoma Central Corporation announced today that it has entered into a contract with Yangzijiang Shipyard. Equinox Class standards to achieve better fuel efficiency, improved speed at lower engine power, and enhanced deadweight capacity. Algoma took delivery of the...

British port authorities have boarded six cruise ships anchored near London and Bristol. This has raised serious concerns over the welfare of almost 1,500 crew stranded due to COVID-19. The Astoria has been temporarily detained following reports to...

The Baltic Briefing has issued the tanker report for the 30th week of this year. The report dated 24th July 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities. VLCC Middle East Gulf to...

Hyundai Heavy Industries secured an order to build two VLCCs. The value of the orders for two 300,000-ton VLCCs. They will be equipped with scrubbers to meet IMO emission regulations. The VLCCs will be built in Ulsan and...