LONDON : Global production of shipping containers has fallen significantly as demand for goods sank following the easing of pandemic restrictions, leaving the corrugated steel boxes piled up at major ports. Figures provided to
WASHINGTON D.C. : In 2022, 661 containers were lost overboard, according to the annual report of World Shipping Council (WSC). This number represents less than one-thousandth of 1% (0.00026%) of the 250 million containers
(NEUILLY-SUR-SEINE)FRANCE : Bureau Veritas Solutions Marine & Offshore, a technical advisory, asset management and assurance solutions organization, and ENGIE, a global industry leader in low-carbon energy supply and related services, have announced a partnership
LONDON : The Baltic Exchange’s main sea freight index slumped to its lowest level in over two-months on Tuesday as rates across all vessel segments declined. The overall index, which factors in rates for
NEW DELHI : The Centre is preparing a policy that will allow extension of Port terminal contracts beyond their 30-year lease period under certain conditions. “The policy will govern major ports and allow them
GENEVA : Chinese shipbuilder Hudong-Zhonghua Shipbuilding Group, in collaboration with China Shipbuilding Trading Co., Ltd. (CSTC), hosted a naming and delivery ceremony for the 24,000 TEU container vessel, MSC Gemma. The colossal containership was
MUMBAI : APM Terminals Mumbai in its recent LinkedIn post communique informed that “the next and final batch of equipment has arrived. The vessel ZHENHUA 24, carrying 4 STS cranes sailed over 29 days
THIRUVANANTHAPURAM :The much-delayed Kerala’s flagship project- Vizhinjam Port finally appears to be nearing completion. According to the state government, the first mother ship from China having 40 cranes will arrive in September and berth
HAMBURG : Hapag-Lloyd has announced the addition of the Indian port of Hazira to the rotation of the Middle East India Africa Express (MIAX) Service. The German ocean carrier said the updated port rotation
MOSCOW : FESCO Transportation Group expands the geography of its Deep Sea Service with the call at the Indian port of Mundra, FESCO says in its press release. Now, FESCO Baltorient Line (FBOL) connects
