DP World, Mawani break ground on $250m logistics park in Jeddah
DUBAI : DP World and Saudi Ports Authority (Mawani) have commenced construction of a new SAR900 million ($250 million) logistics park at Jeddah Islamic Port, set to provide
World’s largest electric container ship starts regular service: ‘A new benchmark for the
SHANGHAI : The global shipping industry is responsible for roughly 3% of all planet-overheating air pollution, as most container ships are massive vessels powered by burning dirty fuels. Now, the
Shipping concerned over new strict US cyber-security regulations
WASHINGTON D.C. : Industry feedback on new cyber-security regulations for US flagged vessels is critical of the level of burden, the practicality of implementation, and lack of alignment
NYK presents its decarbonization strategy at forum hosted by ADB
MANILLA : Nippon Yusen Kabushiki Kaisha (NYK) participated for the first time in the “Asia and the Pacific Transport Forum” hosted by the Asian Development Bank in Manila,
IMO condemns “illegal, unjustifiable” attacks on ships in Red Sea
LONDON : IMO Member States call for an immediate end to ongoing attacks on ships and seafarers transiting through the Red Sea and Gulf of Aden. Member States
Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
COPENHAGEN : A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak
Red Sea crisis: Container shortage & soaring shipping costs drive up cost of white goods
KIEL (GERMANY) : The ongoing conflict in West Asia, particularly in the Red Sea region has severely impacted global shipping, causing a significant increase in sea freight costs
Global spot rates soar on Major Asia-Europe and Asia-US trades
LONDON : A combination of factors have combined to send global spot rates reaching for the skies onthe major trades out of Asia to Europe and the US
HMM’s methanol-powered ships to ply world’s first green shipping route
SEOUL : South Korea is pursuing an ambitious project to launch the world’s first green shipping route. And 9,000 TEU methanol-fueled container ships being built by the country’s
CMA CGM announces ESS from the Middle East Gulf to worldwide
MARSEILLE : CMA CGM has announced an Emergency Space Surcharge (ESS/FRT59) effective from 5 June 2024, until further notice, applicable for shipments originating from the Middle East Gulf