How Red Sea attacks put India’s trade at risk
NEW DELHI : The Gaza war has long posed the risk of escalating into a broader crisis for the Global Economy, and recent developments in the Red Sea
Red Sea attacks leave shipping companies with difficult choices
CAIRO : The shipping companies that move goods on one of the world’s busiest trade routes for factories, stores, car dealerships and other businesses face an excruciating decision. They can
Charting the Global Economy: Employment growth picks up in US
WASHINGTON : US hiring picked up along with hourly earnings at the end of 2023, though some metrics in the closely watched jobs report and a separate services
A.P. Moller – Maersk and the Government of Tamil Nadu enter a strategic partnership
CHENNAI : A.P. Moller – Maersk (Maersk) and the Government of Tamil Nadu signed a Memorandum of Understanding (MoU) during the Tamil Nadu Global Investors Meet 2024. As
MSC overtakes Maersk in becoming the World’s largest shipping line
GENEVA : MSC Mediterranean Shipping Company solidified its position as the most extensive shipping line in the world in 2023 with the addition of over one million TEUs
Maersk diverts its Vessels from Red Sea ‘For the Foreseeable Future’
COPENHAGEN : Danish shipping giant Maersk has decided to divert all its vessels due to transit the Red Sea and Gulf of Aden south around the Cape of
New maritime route to increase trade competitiveness of Jordan, Egypt
CAIRO : The newly announced shipping route, dubbed the Arab Line for Maritime Transport, that links Egypt, Jordan, and Iraq, and launched recently by the Arab Bridge Maritime
ONE Line announces Indian Ocean Mediterranean (IOM) Service
SINGAPORE : Ocean Network Express (ONE) introduces the Indian Ocean Mediterranean Service (IOM), connecting key regions such as India, Pakistan, and the Middle East with the vibrant Mediterranean
26 shipping lines sign up in Container Deposit Refund System
PHILIPPINES : Twenty-six shipping lines are now signed up with Container Ledger Account (CLA), an online system that aims to simplify and speed up container deposit refund. New
CMA CGM announces new FAK rates from Asia to Med and North Europe
MARSEILLE : The French carrier, CMA CGM implemented new Freight All Kinds (FAK) rates as follows from 15 January 2024 (date of loading in the origin ports) until further