Singapore Port container logjam worsens as ships avoid Red Sea
SINGAPORE : Singapore’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push
OOCL celebrates maiden voyage of two new mega vessels
SINGAPORE : Orient Overseas Container Line (OOCL) is celebrating the maiden voyage of its latest two 24,188 TEU mega vessels, “OOCL Finland” and “OOCL Sweden.” With these additions,
Asia-Europe spot rates could surpass US$20,000 per FFE
SINGAPORE : Spot rates have continued to soar this week, causing significant concern among shippers about how high these rates might climb. However, the reality is that no
Strategic Marine enters into MoU with Mainprize Offshore for six New Supa Swath Vessels, with option
SINGAPORE : Following the recent successful delivery of two Supa Swath Vessels to the established UK based operator Mainprize Offshore, Strategic Marine is proud to announce to have entered into
TMS UAE Yearbook launches at Posidonia
DUBAI : The Maritime Standard took the opportunity of its participation at the increasingly popular Posidonia maritime conference and exhibition in Greece to launch the latest edition of
Ocean freight rates record higher levels in Red Sea crisis
MUMBAI : Ocean freight rates are heading to record high levels with global events like the Red Sea crisis; port congestion especially in the Middle East and Asia
MSC reinstates Mustang Service between Asia to USWC
GENEVA : MSC is pleased to announce the reinstatement of its Mustang service as of week 28 for departure in Asia. The Mustang service will provide increased capacity
Saudi Global Ports celebrates 10 million TEUs milestone
RIYADH : Saudi Global Ports (SGP), a member of the PSA Group, recently crossed its 10 millionth TEU milestone in May since the start of its commercial operations
Newbuilding prices climb 3% to highest level in 16 years : BIMCO
LONDON : “Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020
Port of Salalah announces $300 million container handling expansion
OMAN : The Port of Salalah has announced that it’s $300 million expansion plan is on track, aiming to expand annual container handling capacity from 5 million to