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Maersk settle dispute with Seatrium over $475 million contract for offshore wind vessel

COPENHAGEN : Singapore-based shipbuilder Seatrium said on Monday it has reached a settlement with Denmark's Maersk to deliver an offshore wind vessel that was...

Ocean Network Express Secures Minority Stake in Dalian Container Terminal

SINGAPORE : Ocean Network Express (ONE) has announced the signing of an agreement to acquire a minority stake in Dalian Container Terminal (DCT) in...

Hanseatic Global Terminals to invest in greenfield container terminal project in Brazil

BRAZIL : Hanseatic Global Terminals (HGT) has signed an agreement with Imetame Group to invest in 50% of the shares in Imetame Logística Porto...

Baltic Index falls to five-month low as vessel rates decline across the board

LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to an over five-month...

Asian oil floating storage seen declining on lower exports

SINGAPORE : The volume of oil stored on board ships in Asian waters, which has tripled since September to a three-year high, is poised...

CMA CGM launches direct service at Port of Duqm

DUQM : Asyad Ports and Freezones, a subsidiary of Asyad Group, has launched regular shipping services operated by the French global carrier CMA CGM...

DHL and CMA CGM accelerate decarbonization of ocean freight with joint biofuel initiative

BONN/MARSEILLE: DHL Global Forwarding and CMA CGM have taken a significant step toward decarbonizing global container transport. The two companies have agreed to jointly...

Xeneta Weekly Ocean Container Shipping Market Update

OSLO: Xeneta has unveiled Weekly Ocean Container Shipping Market Update. Peter Sand, Xeneta Chief Analyst commented: Far East to Europe “Average departure delays on trades from Far...

Maersk tests Red Sea route as Gaza ceasefire offers hope

COPENHAGEN : Danish shipping company Maersk opens new tab said on Friday that one of its vessels had successfully navigated the Red Sea and...

MOL announces new Chairman, President and Vice Presidents

TOKYO : Mitsui O.S.K. Lines, Ltd. announced that at the Board of Directors meeting on December 19, the following appointments were approved, effective April...
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