CMA CGM announces PSS from Indian Subcontinent
MARSEILLE : A Peak Season Surcharge (PSS) of $1,500 per unit will be applied from the Indian Subcontinent, Middle East Gulf, Red Sea, and Egypt to the US
KYC more important than ever in shipping
LONDON : The recent political shift in the US has brought renewed focus on the evolving sanctions landscape, particularly for the maritime industry. The increasing complexity of compliance
Maritime appetite for cyber risk notably higher than other key industries : DNV Report
OSLO : A new report published by DNV reveals that the majority (61%) of maritime professionals believe the industry should accept increased cyber risk from digitalization if it
Construction starts on ‘world’s first’ methanol dual-fuel intelligent VLCC
SHANGHAI : Dalian Shipbuilding, in partnership with China Shipbuilding Industry Corporation, has started construction of what is said to be the “world’s first” methanol dual-fuel intelligent very large crude carrier
Blue Orange Wave wins award at Crew Connect Global
THE HAGUE : Maritime digital training solutions provider Blue Orange Wave is proud to announce it has won the Crew Connect Global Award for Training and Safety at
Drewry’s World Container Index remains stable last Week
LONDON : Drewry’s World Container Index remained stable at $3,440 per 40ft container last week. Drewry’s detailed assessment for Thursday, 14 November 2024
Baltic index rises as capesize segment logs gains
LONDON : The Baltic Exchange’s main sea freight index rose on Friday, supported by a strong rise in the capesize vessel segment. The index, which factors in rates
Hapag-Lloyd CEO expects shipping strength to continue
HAMBURG : Hapag-Lloyd’s CEO said on Thursday he expects continued strength in container shipping volumes, which are driven by global demand for transporting goods and seen as a proxy for
Cargo vessel from Karachi arrives at Chittagong Port, shows first-ever direct maritime link between
CHITTAGONG : A cargo vessel from Karachi arrived at Bangladesh’s Chittagong Port on Wednesday. The authorities from both sides called it the first-ever direct maritime link between the
Hapag-Lloyd achieves good result in first three quarters of 2024
HAMBURG : Hapag-Lloyd concluded the first nine months of 2024 with a Group EBITDA of USD 3.6 billion (EUR 3.3 billion). The Group EBIT stood at USD 1.9