Ocean freight rates in rough waters on congestion, Red Sea crisis
LONDON : Indian traders are reeling under the impact of rising ocean freight rates, triggered by the Red Sea crisis and congestion at several key ports in the
Zero Emission Port Alliance (ZEPA) onboards leading organisations in container port industry
ROTTERDAM : The Zero Emission Port Alliance (ZEPA) announces the onboarding of 11 organizations from the container port industry. Among the members are APM Terminals, CATL, DP World,
Dry Bulk Market move higher last week, but Capesizes lost ground
LONDON : Dry Bulk Market move higher last week, but Capesizes lost ground, according to latest report released by Baltic Exchange. Capesize The Capesize’s had a slow start
Bridging East & West, Russia’s Buddy Kazakhstan key player to boost Global Trade via ‘Middl
The European Union and Kazakhstan have been partners since the implosion of the Soviet Union in 1991. The two sides signed an Enhancement Partnership and Cooperation Agreement (EPCA)
US Naval forces rescue crew from Greek-owned ship struck by Houthis in Red Sea
WASHINGTON D.C. : The U.S. Naval Forces Central Command (NAVCENT) said on Sunday that it had rescued the crew from the Liberian-flagged, Greek-owned bulk carrier MV Tutor that
Crew abandons after a cargo ship bulk carrier M/V Verbena on fire in Gulf of Aden: US
SANA : The US Military said on Saturday that the crew of a bulk cargo carrier that sustained damage following a missile attack by Yemen’s Houthi rebels in
TMS launches programme for 2024 Tanker Conference
DUBAI : The Maritime Standard is launching the programme for the 2024 edition of its well established Tanker Conference, now in its 9th year, which will take place
Container spot rate growth set to rise further and ocean container shipping market will remain extr
OSLO : Ocean freight container shipping spot rates are set to increase further, but growth may be slowing, according to ocean freight rate benchmarking firm Xeneta. Xeneta data
GAC to acquire Quadrant Pacific’s ship agency business
TAURANGA (NEW ZEALAND) : GAC Group, a leading provider of shipping, logistics and marine services in the Asia-Pacific market, has entered into an agreement with Quadrant Pacific to
Houthi Missile attack severely injures sailor on cargo ship: US Military
YEMEN : Two cruise missiles launched by Yemen’s Houthi rebels struck a bulk cargo carrier in the Gulf of Aden on Thursday, severely injuring a sailor who was