Singapore Tuas Port to add three more berths to ease vessel wait time
SINGAPORE : Three new berths will start operations at Singapore Tuas Port later this year to tackle extended waiting times for ships after Red Sea shipping tensions boosted
Yang Ming to join league of 24,000 TEU ships
TAIPEI : Yang Ming Marine Transport’s management has hinted that the company will enter the league of 24,000 TEU boxship owners. Speaking at a shareholders’ meeting after releasing
Houthis claim missile attack on US Navy aircraft carrier in the Red Sea
YEMEN : Yemen’s Houthis, an Iran-aligned group, on Friday said they had launched a missile attack on the United States (US) aircraft carrier Eisenhower in the Red Sea
Pakistan and European shipping firm expected to sign $2 billion investment agreement by October
KARACHI : Pakistan is expected to sign a $2 billion investment deal with a European shipping firm by October this year, the Pakistani maritime affairs minister said on
Investors’ changing preferences for new ships
Dramatic changes in shipping investors’ emphasis on newbuilding orders have unfolded in the past few years, causing divergent orderbook profiles. Some further shifts, perhaps equally striking, can be
Drewry: World Container Index up 151% on a Yearly Basis
LONDON : Drewry’s World Container Index increased 4% to $4,226 per 40ft container last week. Ocean spot market freight rates against 790 global port pairs
Baltic Index logs monthly rise on strong Capesize demand
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose on Friday, marking a monthly gain, supported by increasing demand
Ship ‘Laax’ attacked by Yemen’s Houthi rebels was full of grain bound for Iran, group�
DUBAI : A Greek-owned, Marshall Islands-flagged bulk carrier that came under attack by Yemen’s Houthi rebels this week had a cargo of grain bound for Iran, the group’s main benefactor, authorities
ONEX SHIPYARDS joins Green Award to provide incentives to frontrunner shipping companies
ROTTERDAM : Green Award Foundation proudly announces that ONEX Shipyards has joined us to provide incentives to our certified shipping companies who are at the forefront in demonstrating
ClassNK releases ‘Guidelines for Ships Using Alternative Fuels (Edition 3.0)’
TOKYO : ClassNK has released the ‘Guidelines for Ships Using Alternative Fuels (Edition 3.0)’. In addition to safety requirements for ships using methanol, ethanol, LPG, and ammonia as