Shipping risks via Red Sea remain elevated despite Israel-Hamas ceasefire
LONDON : Most shipping companies and charterers will continue to route their tankers and cargoes via the longer Cape of Good Hope for the time being, despite the
BCSA warns of looming rail cargo congestion
DHAKA : Bangladesh’s Container Shipping Association (BCSA) gave warning of-an imbalance in railroad capacity in Bangladesh may pose a problem for cargo transportation throughout the country in the coming months
CONCOR MMLP Dadri notified as an LCL Consolidation Hub
NEW DELHI : CONCOR is pleased to inform all customers that our MMLP Dadri has been notified as an LCL Consolidation Hub. This facility is set to reduce
Damietta Container & Cargo Handling Company achieves record handling in 2024
EGYPT : Damietta Container & Cargo Handling Company has marked a significant milestone in its operations, reporting the handling of 1.7 million TEUs in 2024, showcasing its alignment
Shipping rates surge in 2025 amid tariff hikes and strike concerns
LONDON : Spot container rates for shipping goods to the US from Asia have spiked over the past month as companies look to avoid higher tariffs and pad
Drewry WCI rises as industry anticipates ILA strike, policy changes
LONDON : The Drewry World Container Index (WCI) composite index increased by 2.68 per cent to $3,905 per 40-foot equivalent unit (FEU) on January 5, 2025, up from
Drewry: World Container Index up by 3% this Week
LONDON : Drewry’s World Container Index increased 3% to $3,905 per 40ft container this week. Drewry’s detailed assessment for Thursday, 02 January 2025
MSC orders additional 10 LNG dual-fuel boxships
GENEVA : Mediterranean Shipping Company (MSC), the world’s largest container shipping company, has ordered ten more liquefied natural gas (LNG) dual-fuel vessels in China. The shipowner placed an
Folk Maritime completes order of 5,600 dry containers
RIYADH : Folk Maritime Services Company, an emerging leader in regional liner and feeder services, has finalized a strategic agreement with Shanghai CIMC Yangshan Logistics Equipment for the
Drewry: World Container Index up 8% last week
LONDON : Drewry’s World Container Index increased 8% to $3,803 per 40ft container last week. Drewry’s detailed assessment for Thursday, 19 December 2024