US warns of sanctions after India-Iran Chabahar Port Deal
WASHINGTON D.C. : Hours after India signed a deal to operate the Chabahar Port in Iran for 10 years, the United States reiterated that “anyone considering business deals with Iran
COSCO SHIPPING launches new Warehouse in Los Angeles
SHANGHAI : COSCO SHIPPING officially launched its self-operated fulfillment warehouse in the United States. The Chinese company said this expansion of its global warehousing network represents a crucial
Ships told to reroute in Indian Ocean as Houthi attack range extends : Red Sea crisis
OMAN : A Houthi drone strike on an MSC container ship in the Indian Ocean has led to EU Forces advising shipping to avoid the Western Indian Ocean
CU Lines enhances VGX Service to strengthen Southeast Asia-Middle East trade routes
SHANGHAI : CU Lines has announced an upgrade to its VGX Service, connecting Southeast Asia with major Middle East hubs like Jebel Ali and Dammam. This initiative reflects
Shipping market conditions boost Yang Ming’s first Quarter results
KEELUNG CITY : Yang Ming Marine Transport Corporation (Yang Ming) held its 392nd Board Meeting on 10th May to approve its Q1 financial report of 2024. The consolidated
Maersk suspends Methanol Ship order to Chinese Shipbuilder
COPENHAGEN : Maersk, the world’s second-largest shipping company, has reportedly postponed an order for 15 methanol-powered container ships from a Chinese shipbuilder. The delay is reportedly due to
Baltic dry bulk index logs best week in more than two months
LONDON : The Baltic Exchange’s main sea freight index marked its best week in more than two months on Friday, despite a daily decline attributed to weakness in
Panama Canal in talks with US LNG producers to increase transit
NEW YORK : The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover
5 Indian crew members are released from the seized vessel ‘MSC Aries’, by Iran
TEHRAN : The Indian embassy in Iran announced the release of five Indian sailors who were onboard an Israeli-linked vessel seized by Tehran. The sailors have since departed from
Analyst warns of congestions at Asian ports hit by Red Sea logjam
SHANGHAI : The Red Sea crisis is challenging Asian ports as congestion with “echoes of the pandemic” is seen in Asia and the Middle East with analysts warning