KOCHI : Dismissing the sabotage theory behind the capsize of container vessel MSC Elsa 3, the Director General (DG) of Shipping Shyam Jagannathan on Wednesday said the ship sank due to the failure of
RIYADH : The Saudi Ports Authority “Mawani” has announced the addition of Evergreen’s new shipping service “ARPG” to King Abdulaziz Port in Dammam, further strengthening maritime connectivity between the Kingdom and international markets. The
SHANGHAI : CULines and UGL have officially commenced operations in the Mediterranean by launching the new Asia–East Mediterranean Plus (AEM+) Service—a strategic container route linking China’s major ports directly to Alexandria. Represented by SeaGlory
SINGAPORE : Ocean Network Express (“ONE”) has advanced its Green Strategy by implementing a Ship Recycling Policy and joining the Ship Recycling Transparency Initiative (SRTI), reinforcing its commitment to responsible practices and environmental stewardship. Both
The development of Mexico’s National Action Plan (NAP) for maritime decarbonization is officially underway, setting the course for a greener and more resilient shipping future. Spearheaded by the Mexican Secretariat of the Navy (SEMAR),
LONDON : A new study released on Thursday, May 29 by UMAS and UCL Energy Institute Shipping and Oceans Research Group, and undertaken for Global Maritime Forum, shows that under the parameters principally agreed
NEWCASTLE : NorthStandard’s 2025 Annual Review reports a steady performance, highlighting the benefits of scale and diversification in an unsettling P&I year. The global marine insurer said escalating geopolitical instability and serious maritime incidents
LONDON : For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. Drewry’s World Container Index increased 10% to $2,508 per 40ft container this week. Drewry’s detailed assessment
TORONTO : John McCown’s Blue Alpha Capital said that the container shipping industry reported a $9.9 billion net profit in the first quarter of 2025. This represents a 36.4% or $5.7 billion decrease over
TOKYO : Japanese shipping company Mitsui OSK Lines Ltd. has approached the Japanese government for assistance after the European Union unexpectedly imposed sanctions on three of its liquefied natural gas (LNG) tankers connected to