Russian border guards detained two North Korean racketeering vessels in Russian territorial waters in the Sea of Japan after one of them attacked a Russian patrol ship, the TASS news agency cited the FSB security service as saying on Tuesday.”The…
Russia Detains Two N.Korean Vessels After Attack Read More »
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended its losses for the ninth consecutive session on Tuesday due to lower demand across vessel segments.* The Baltic index, which reflects rat…
Baltic Index Falls on Weaker Rates Across Vessels Read More »
Sergei Frank will step down as president and chief executive of Russian state-controlled shipping giant Sovcomflot after 15 years at the helm, four sources familiar with the decision told Reuters on Tuesday.Frank will give up operational control…
Sovcomflot CEO to Switch to Chairman Read More »
Less demand for product tankers in Middle East, but potentially more in India and East Asia
Product tankers diverted from Saudi Arabia amid new demand patterns Read More »
The company took numerous steps and has invested in reduction of the carbon footprint at its four terminals.
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Essar Ports: Green Ports Are the Future of the Industry Read More »