Baltic index extends losses on weaker capesize rates
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday, pressured by lower rates in capesize
Piyush Goyal meets René Piil Pedersen, MD of A.P. Moller Maersk Singapore
NEW DELHI : Union Minister of Commerce and Industry, Shri Piyush Goyal, met with Mr. René Piil Pedersen, Managing Director of A.P. Moller Singapore (Maersk Line), to discuss
OOCL names first eco-friendly 16,828 TEU containership at DACKS
HONG KONG : Orient Overseas Container Line (OOCL) has named its first environmentally-friendly 16,828 TEU containership at China’s Dalian COSCO KHI Ship Engineering (DACKS). The vessel OOCL Bauhinia, which
Waiting time in port represents major inefficiency and GHG savings opportunity for international shi
LONDON : A new study by UCL and UMAS, which analysed ship movements between 2018-2022, found that optimising port arrivals to take into account port congestion or waiting
Roadmap for Nordic Shipping’s fuel transition delivered to Nordic ministers
COPENHAGEN : The Nordic Roadmap project has unveiled the Fuel Transition Roadmap for Nordic Shipping (‘the Roadmap’), a comprehensive document outlining a decarbonization strategy for the region. The
NYK obtains Approval in Principle (AiP) for the design concept for Long-Distance Subsea Cable-Laying
TOKYO : NYK has recently obtained Approval in Principle (AiP) from ClassNK for the design concept of a cable-laying vessel (“the vessel”) for the construction of a long-distance
The Hood set to revolutionise connections in the maritime sector
The maritime industry is on the verge of a new era in connectivity with the launch of The Hood, a social platform built with a bold mission: to
E-bikes are a greener alternative but terminal operators beware
LONDON : Ports, terminals, and logistics facilities are typically designed to accommodate large vehicles and cargo handling equipment. The introduction of smaller, more vulnerable road users like e-bikes
MSC’s LNG-powered containership duo launched in China
ZHEJIANG : China’s Zhoushan Changhong International Shipyard has launched MSC’s LNG dual-fuel containerships. According to a statement by the shipbuilder, MSC Leila and MSC Insa were floated out
China-proposed BRI : A game-changer for the Global Economy
BEIJING : Launched in 2013, the China-proposed Belt and Road Initiative (BRI), which started as a bold vision to revitalize ancient trade routes, has evolved into a massive