UNCTAD : Red Sea conflict adds insult to global trade’s injuries
LONDON : UNCTAD has raised profound concerns over escalating disruptions to global trade. The Intergovernmental Body noted that recent attacks on ships in the Red Sea, combined with
Hapag-Lloyd sees financial figures decline amid slight box volume increase
HAMBURG : German ocean carrier Hapag-Lloyd reported a significant decrease in earnings in the 2023 financial year, while its container volumes saw a slight uptick. According to preliminary
Box lines launch Red Sea services despite Houthi risks
SINGAPORE : Mainline operators which are still offering Red Sea services are configuring their routes to transit the troubled region. Hapag-Lloyd has launched an ad hoc Jeddah Express
Contrasting schedule reliability in Taiwan’s container lines, Evergreen tops in December 2023
COPENHAGEN : Sea-Intelligence has released the 149th issue of the Global Liner Performance (GLP) report, providing schedule reliability data up to and including December 2023 and covering schedule
INS Sumitra Carries out 2nd Successful Anti Piracy Ops – Rescuing 19 Crew members and Vessel from
NEW DELHI : Indian Naval Ship Sumitra, having thwarted the Piracy attempt on FV Iman, has carried out yet another successful anti-piracy operation off the East Coast of Somalia,
ClassNK grants Innovation Endorsement for Products & Solutions to Cydome Everlight
TOKYO : ClassNK has granted its Innovation Endorsement*1 for Products & Solutions to a cyber security solution “Cydome Everlight” developed by Cydome Security LTD. Cydome Everlight is a solution
Logistics startups slash jobs as freight volumes drop
SAN FRANCISCO : Last year saw a surge in layoffs in the logistics sector as freight volumes declined. So far, 2024 isn’t shaping up to be much better for the
KEZAD Group announces AED 621m investment for New Warehousing Capacity
ABU DHABI : Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, today announced that it has commenced the development
Red Sea diversion sends shipping costs soaring for Bangladesh apparel exporters
DHAKA : There’s been a more than 30 per cent increase in freight charges and an additional 15 days in sailing time due to ships rerouting away from
Finance Ministry reviews that there are Scopes to add more quality and complexity to India’s expor
NEW DELHI : There is scope to add more quality and complexity to India’s exports, given the existing capabilities, the Finance Ministry said in its economic review for January. It also
