Suez Canal revenue drops as some shippers shun Red Sea
EGYPT : The Suez Canal‘s annual revenue dropped by almost a quarter in its latest financial year as some shippers switched to alternative routes to avoid attacks by
Dry bulk newbuild contracting fell 34.2%, despite a strong market : BIMCO
LONDON : “During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices
ITOCHU, Nihon Shipyard, ClassNK and MPA, signed MOU for joint study of ammonia fueled bulk carriers
TOKYO : ITOCHU Corporation, ClassNK, Nihon Shipyard Co., Ltd., and Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) regarding a joint study
Two weeks to go before TMS Awards nominations close
DUBAI : Preparations are gathering pace for the TMS Awards 2024, which will be held at the Atlantis, The Palm, on Wednesday November 6th. This is the most
Maersk Asia Pacific market update – July 2024
COPENHAGEN : Market insights to power your logistics decisions. The resilience of your supply chain is always our top priority. We are confronted by a range of challenges
Maersk announces updated surcharges worldwide
COPENHAGEN : Maersk will implement a Peak Season Surcharge (PSS) for shipments from India, Bangladesh and Sri Lanka to Bahrain for all dry containers starting 28 July 2024.
MSC increases own-operated service share ahead of 2M termination : Sea-Intelligence
GENEVA : The 2M Alliance, which currently includes the top two shipping lines MSC and Maersk, is scheduled to conclude in February 2025. Following this, Maersk will join
Bahri partners with SLA to provide training and employment opportunities in KSA logistics sector
RIYADH : Bahri, a global leader in logistics and transportation, has entered into a training agreement with the Saudi Logistics Academy (SLA), a non-profit training facility established to
CMA CGM announces increased rates from North Europe to US
MARSEILLE : Container Line CMA CGM has announced that effective from 15 August, a rate restoration initiative 5 (RRI05) will be implemented from North Europe to the United
CNC launched Singapore-Yangon Service
SINGAPORE : CMA CGM’s intra-Asia shortsea specialist CNC launched a new service between Singapore and Myanmar on 24 June. CNC’s Yangon Singapore Express (YSX) service offers a direct