COPENHAGEN : A.P. Moller-Maersk expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through the Suez Canal until 2025 due to the
RIYADH : The National Shipping Company of Saudi Arabia (Bahri), the kingdom’s leading shipping and logistics provider, announced its financial results for the third quarter and the first nine months of 2024, reporting strong
TOKYO : Japan is planning to build an Automated Cargo Transport Corridor between Tokyo and Osaka, dubbed a “conveyor belt road” by the government, to make up for a shortage of truck drivers. The
SHANGHAI : Shanghai, an east China business hub, is gearing up to build itself into a digital, intelligent and green international shipping center. Currently, quality shipping-related resources are clustering at a faster pace in
OSLO : The ocean container shipping market turned another corner in October as the Xeneta Shipping Index (XSI®) fell for the first time since June. The Global XSI®, which measures all valid long-term rates
CAIRO : Egyptian Foreign Minister Badr Abdel Aati announced that Houthi attacks on commercial vessels transiting through the Bab al-Mandeb Strait and the southern Red Sea have inflicted severe economic losses on Egypt. In
LONDON : Drewry’s World Container Index increased 4% to $3,213 per 40ft container this week. Drewry’s detailed assessment for Thursday, 31 October 2024
LONDON : The Baltic Exchange’s dry bulk sea freight index fell on Friday and posted its fifth straight weekly loss, weighed by weaker rates across vessel types. The index, which factors in rates for
GANDHIDHAM : To regain the ground ceded to Paradip Port last year, Kandla—one of the oldest major ports of India—is working on a long-term expansion plan to develop a new multipurpose berth and a new
RIYADH : Union Minister of Commerce and Industry, Shri Piyush Goyal, successfully concluded his visit to the Kingdom of Saudi Arabia. During the visit, Shri Piyush Goyal participated in the Plenary Session of the
