Maersk diverting container service away from the Red Sea
COPENHAGEN : Danish Shipping Group Maersk is diverting its ME2 Container Service away from the Red Sea and Gulf of Aden, rerouting the vessels around the Cape of Good Hope, the company says in
CMA CGM adjusts NEMO service due to Red Sea crisis
MARSEILLE : Due to recent attacks on commercial vessels in the Red Sea Region, CMA CGM Group is introducing precautionary measures for the safety of its vessels and crew members. As a result, the
CITI & Indian textile bodies urge Piyush Goyal for cotton stability
NEW DELHI : In a collective effort to address the challenges faced by the Indian Cotton Textiles and Clothing Industry, the Confederation of Indian Textile Industry (CITI) and other textile associations representing major users
Red Sea ‘scary’ for ships’ crews, says captain
LONDON : “The situation is quite scary. It’s dangerous actually,” Captain Chirag tells the BBC from on board his ship. Along with his crew, he’s worried about the ongoing attacks on commercial ships in the Red
Wan Hai could replace Hapag-Lloyd in THE Alliance: Yang Ming ex-boss
SINGAPORE : Yang Ming Marine Transport’s Ex-Chairman Bronson Hsieh suggested to Taiwanese media that Wan Hai Lines could be a suitable substitute for Hapag-Lloyd in THE Alliance. Wan Hai, which operates solo Transpacific routes,
“Mawani” confirms its International Leadership with the “Best Contributor to Economic Infrastructure Development” Award”
RIYADH : Saudi Ports Authority “Mawani” has been recognized with the “Best Contributor to Economic Infrastructure Development” award at the International Finance Financial Awards ceremony in Dubai. The award acknowledges Mawani’s efforts in continuously
Pakistan Ship’s Agents Association refuse to accept KPT as regulator
KARACHI : The ship agents came out with a hard-hitting response to the Karachi Port Trust chairman’s announcement to go tough against the shipping companies allegedly looting the local business community by overcharging. In
Red Sea crisis likely to dent India’s growth forecast, says BMI a unit of Fitch Group
NEW YORK : Amid rising hostilities in the Red Sea due to Houthi attacks, Fitch Group said South Asian economies would be most affected. They will experience the largest relative increase in maritime trade
World’s largest cruise ship to set sail soon
NEW DELHI : The world’s largest cruise ship, ‘Icon of the seas’, is set to sail on its maiden journey starting January 27. Till now, the title was held by the ‘Wonder of the seas’ cruise liner.
NorthStandard adds office in South Korea to its Asian network
SEOUL : NorthStandard has announced plans to open a new office in South Korea, one year after establishing its combined Asia Pacific headquarters in Singapore. New base in Seoul will allow global marine insurer