Baltic index hits more than two-week low as larger vessel rates dip
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to its lowest level in more than two
New Report on Global Port Trends: Automation and Digital Innovation Grow Despite Challenges
MUNICH & HAMBURG, GERMANY : A new report has been released, highlighting the key automation and digitalization trends transforming the global port and terminal logistics sector. Jointly presented
IMO welcomes Saudi Arabia’s permanent representative
RIYADH: The International Maritime Organization accepted on Wednesday the credentials of Saudi Arabia’s new permanent representative, the Saudi Press Agency reported. IMO Secretary-General Arsenio Dominguez welcomed Kamal bin
PSA Celebrates Groundbreaking for its New Supply Chain Hub,Pioneering an Integrated Logistics Ecosys
TUAS : PSA Singapore (PSA) has unveiled the PSA Supply Chain Hub @ Tuas (PSCH), a central part of its strategic expansion within Tuas Port, at its groundbreaking
Major new challenges for shipping in 2025 make data more important than ever
LONDON : Every year, shipping is faced with new requirements to protect the climate and the environment, and 2025 is no exception. Increased EU requirements for documentation on
EBIT surge 600% YoY for major carriers in Q3 2024
COPENHAGEN : The major carriers have reported a combined Q32024 EBIT of $17.06 billion, which is a 600 percent increase year-on-year. The shipping industry witnessed a remarkable turnaround
Container Shipping Hedges Green Transition With Dual-Fuel Vessel Orders
LOS ANGELES : Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising
Sweden seeks deepened defence ties with Singapore, especially in maritime security
SINGAPORE : Deepening defence ties, especially in terms of maritime security, emerged as one of Sweden’s key priorities during a three-day state visit by the Scandinavian nation’s King
MSC launches New Direct Service from Eastern Cape Region to Northern Europe
GENEVA : MSC is pleased to announce the launch of Eastern Cape Express Service, a new weekly service from Gqeberha (Port Elizabeth) and Walvis Bay directly to Northern Europe ports
AD Ports Group signs Framework Agreement with Egyptian Government to explore building First-of-its-K
RIYADH : AD Ports Group, a leading facilitator of global trade, logistics and industry (ADX: ADPORTS), announced today the signing of a framework agreement with the Egyptian government