Latest maritime news from around the world
The container cycle has clearly shifted.Maersk has reported a fourth-quarter loss in its ocean division and announced 1,000 job cuts, underscoring what many in the industry already feel: the pandemic-era boom is firmly behind us, and a tougher freight market is taking shape.
Six advanced chemical tankers ordered at Pipavav signal a turning point for India’s commercial shipbuilding ambitions.India’s largest shipyard is back in business—and this time, it’s global. Swan Defence and Heavy Industries (SDHI) has secured a major international order for six IMO Type II…
China has fulfilled its short-term commitment to buy U.S. soybeans — and is now pivoting back to cheaper Brazilian supply.For bulk shipping and commodity traders, the shift highlights how price spreads and geopolitics continue to steer cargo flows.
India’s Great Eastern Shipping Co. is carrying out their Product Tanker fleet renewal initiative, and sources have confirmed that they have managed to sell another vintage MR Tanker – Jag Pranav. The Jag Pranav is a 30,095 GT Oil Product Tanker first commissioned on 5th January, 2005.