Red Sea crisis nears boiling point, unable to heat up spot rates
YEMEN : Russian warships entered the Red Sea last Thursday, for what the Russian Pacific Fleet’s press service has stated was the performance of “assigned tasks within the
Red Sea crisis end to reignite container shipping challenges
LONDON : Clarksons’ latest container shipping report said that weak “underlying” supply-demand fundamentals will materialise once the Red Sea disruption comes to an end. Boxship fleet growth is
Red Sea attacks to impact ship sailing speed: BIMCO
LONDON : BALTIC and International Maritime Council’s (BIMCO) latest report on the container shipping market highlights significant trends amid ongoing challenges due to the Red Sea attacks. Ship
AD Ports Group announces 2023 Annual Report
ABU DHABI : AD Ports Group, a leading facilitator of global trade, logistics, and industry, issued its 2023 Annual Report on April 1. The report highlights significant achievements
Cosco Shipping Ports reports 4.4% YOY increase in total throughput for 2023
SHANGHAI : Chinese state-owned ports logistics company Cosco Shipping Ports Limited reported a 5.8% year-on-year increase in profit for 2023, standing at USD 324.5 million. The company’s annual
CMA CGM halts operations at Haiti’s major port
MARSEILLE : Due to escalating security concerns in Haiti’s Port-au-Prince and its surrounding areas, CMA CGM has decided to suspend operations at the Lafito terminal until further notice.
Saudi ports enhance Red Sea connections with new NRS shipping service
RIYADH : The Saudi Ports Authority, Mawani, has announced the addition of the new shipping service ‘NRS’ by Folk Maritime to Jeddah Islamic Port that aims to connect
First vessel passes through temporary channel near Baltimore’s Key Bridge wreckage site
BALTIMORE — The Tugboat Crystal Coast, pushing a fuel barge, was the first vessel to move through the newly created temporary alternate channel in Baltimore following the collapse
NYK President Soga addresses recruits at 2024 Welcoming Ceremony
TOKYO : On April 1, NYK welcomed 69 recruits at a ceremony held at the company’s Tokyo head office. Below is a translation of the address given by
Bombay High Court quashes GST Authority’s improper SCN, saving employees of Maersk Line India from
MUMBAI : The Bombay Court has quashed the improper Show Cause Notice ( SCN ) issued to employees of Maersk Line India of Rs. 3731 Cr Demand assuming