MV Wan Hai 503, Singapore-flagged cargo ship catches fire near Kozhikode coast in Kerala; rescue mis
KOCHI : The Indian Coast Guard (ICG) and the Indian Navy have launched a joint rescue operation to save the lives of about 22 crew members from a
Samskip launches new Blyth route, ushering in a new era for UK trade
ROTTERDAM : Samskip is proud to announce the launch of a new shortsea container service calling at the Port of Blyth, enhancing multimodal connections between the UK and
Court ruling on tariffs could fuel surge in Asia-US container rates : Analysts
LONDON : Rates for shipping containers from Asia to the US are already facing upward pressure amid the 90-day tariff pause, but Wednesday’s ruling by a federal court
NITI Aayog plans to boost Rail Container Freight Movement
NEW DELHI : NITI Aayog, India’s top policy think tank, has announced a bold plan to shift more freight from roads to railways, focusing on container cargo. The
Drewry’s World Container Index increased 10% to $2,508 per 40ft container this week
LONDON : For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. Drewry’s World Container Index increased 10% to $2,508 per 40ft
ICG along with Indian Navy rescues all 24 crew members as Liberian container Vessel with hazardous c
KOCHI : A Liberian container vessel MSC ELSA 3 (IMO NO. 9123221) sank off the Kochi coast at around 0750 hrs today on May 25, 2025, due to
Escalating Port Congestion strains Container Shipping Flows : Drewry
LONDON : Port congestion across key Northern European hubs is intensifying, with Bremerhaven particularly affected by labour shortages during the recent holiday period. Compounding the situation, low water
SHIPPING: Asia-US container rates rise; carriers bring back capacity amid tariff pause
LONDON : Asia-US rates for shipping containers rose this week, leading ocean carriers to rush to ramp up capacity to handle an expected surge in bookings. Rates from
US Port fees on foreign ships to shake up trade flows, freight markets
NEW YORK : The US Trade Representative (USTR) has announced additional port fees on foreign vessels and marine equipment that mainly target Chinese shipping, which are set to
XENETA Weekly Ocean Container Shipping Market Update – 23.5.25
OSLO : “Fear and uncertainty is a powerful force in global supply chains and we are seeing this clearly as shippers fight to get their goods moving after