Vessel operating cost inflation has accelerated in 2022 on mounting worldwide macroeconomic price pressures, despite some receding of Covid-19 related costs, according to the latest Ship Operating Costs Annual Review and Forecast 2022/23 report…

The Baltic Exchange's dry bulk sea freight index rose for a fourth straight session on Wednesday to mark its biggest one-day percentage gain in a month, supported by stronger demand for capesize vessels.The overall index, which factors in rates for capesize…

A strong earthquake of magnitude 5.7 struck off Italy's Adriatic coast early on Wednesday, but caused no serious damage or injuries but was felt as far away as Rome and northern parts of the country. The quake, which occurred shortly after 7 a.m.

Sri Lanka's largest port began on Wednesday construction of a $700 million terminal project, partly funded by India's Adani Group, an official said, marking the first foray by an Indian company into the sector. India has this year provided the most financial support to its southern neighbour…