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The long-awaited privatization of the Shipping Corporation of India (SCI) is expected to be completed by the end of 2022.

The UAE’s CEPA with India is now operational, with the first shipments under the decreased import tariff from India expected to arrive soon.

The presence of COC within a batch of marine fuel is said to be the cause of a much reported contaminated bunker incident in Singapore.

India’s Oil and Natural Gas Corp (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from Russia’s Far East, in a growing sign that complex trades involving one of Moscow’s biggest partners are being interrupted by Western sanctions.

Here’s everything you need to know about how Felicity Ace, a ship that caught fire and sank into the Atlantic Ocean on March 1, 2022. This incident lead to a total loss of $400 million.

Pricing has always played a significant role in who earns the shipping contract, but the importance of pricing above all is shifting in owner’s priorities. See why shipowners no longer invest into cheap solutions.

Low sulphur bunker costs rose by $100 per ton on Wednesday (09/03/2022), having risen by a third since the end of February to almost $1,000 per tonne, adding millions of dollars to the cost of running a ULCV on a round-trip from Asia to North Europe.

Oil prices jumped on February 24th, with Brent surpassing $100 per barrel for the first time in eight years, as Russia initiated an attack on Ukraine, raising worries that a European conflict may disrupt energy supplies.

Britain has banned any ship with Russian ties from accessing its ports as part of measures to isolate President Vladimir Putin’s government because of its war on Ukraine. In a tweet announcing the blanket ban, British Transport Secretary Grant Shapps urged other countries to ban ships with ties to Russia from visiting their ports.

On Thursday, the Turkish-owned bulk carrier Yasa Jupiter was struck by a missile in the Black Sea off the coast of Ukraine’s Odessa, sustaining minor damage and becoming the first verified merchant ship victim of war since Russia’s invasion of Ukraine.

As Russia’s invasion of Ukraine takes a toll on merchant ships, there is a rising concern for the safety of thousands of seafarers, both at sea and shore. The Ukrainian government has stated that two vessels were seized yesterday in Romanian seas near Snake Island, heading towards the Crimean peninsula, in addition to the three ships being struck by the Russian military in the Black Sea.

A cyber attack has reportedly targeted a state-run container terminal at Jawaharlal Nehru Port Trust (JNPT), India’s main container port. JNPT officials said that “operations were normal and there was no impact on trade.”