LONDON : “In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on
NEW YORK : In March, US container import volumes saw marginal growth compared to February, edging up by only 0.4% to reach 2,145,341 TEUs. However, TEU volumes experienced a significant increase of 15.7%, compared
LITHUANIA : The Port of Klaipeda achieved a historic milestone with the successful completion of its first ship-to-ship LNG bunkering operation. On 9 April, the LNG tanker “Avenir Aspiration” transferred 326 m³ of liquefied
COPENHAGEN : Maersk has unveiled upgrades to its ME2 service, extending its operations to North Europe. The ME2 service, formerly turning in the Mediterranean (Algeciras and Tangiers), is undergoing expansion. This revamped service will
HAMBURG : German ocean carrier Hapag-Lloyd has announced the implementation of a Peak Season Surcharge (PSS) for shipments from India to Arabian Gulf Ports. The surcharge will apply to all sailings starting from 20
NEW DELHI : Container Corporation of India Ltd. (CONCOR) will be a key beneficiary of the Dedicated Freight Corridor (DFC), which is likely to result in volume growth driven by a modal shift and enhanced operating
COPENHAGEN : AP Moller-Maersk will resume Panama Canal transits on an east-west service that was suspended because of low water levels. Panama Canal increases transits again as Red Sea still in crisis. It will
NEW DELHI : The Directorate General of Trade Remedies (DGTR) has recommended imposition of anti-dumping duty on Sodium Cyanide (NaCN) imported from China, European Union (EU), Japan and Korea. The DGTR initiated and conducted
MUMBAI : The Maharashtra State Agricultural Marketing Board (MSAMB) has set a target of processing and exporting 5,000 tonnes of mangoes from its facilities this season. Sanjay Kadam, Managing Director of the Board, said
MARSEILLE : French container carrier CMA CGM has unveiled updated Freight All Kinds (FAK) rates, effective from 15 April (loading date), until further notice from Asia to North Europe. 20’GP 40’GP/40’HC/40’REEFER Asia to North