HMM reports strong first quarter financial results
SEOUL : South Korea’s major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion in
ICTSI plans to build $800 million container terminal in the Philippines
PHILIPPINES : International Container Terminal Services, Inc. (ICTSI) plans to build a new terminal in Bauan in Batangas. The new $800 million terminal will be the largest privately
Red Sea crisis sees 2M separation go into reverse
SANNA : Following the announcement of the dissolution of the 2M Alliance the division of services was rapid, but since the beginning of this year the collaboration has
Inmarsat ‘Digital Wave’ Report explores importance of connectivity onboard ‘Floating Offi
LONDON : Inmarsat Maritime, a Viasat company, has launched a new report Digital Wave: Transforming vessels into floating offices and remote homes. The report explores the growing importance of
Largest made-in-Vietnam bulk carrier launched
HAI PHONG : The largest-ever made-in-Vietnam bulk carrier was recently launched by Nam Trieu Shipbuilding Company Limited in the northern Port City of Hai Phong. The 65,000 DWT
Port of Antwerp-Bruges launches the world’s first methanol-powered tugboat
ANTWERP : Port of Antwerp-Bruges presented a world premier: the Methatug. This tugboat, which runs on methanol, is part of a greening programme for the port’s fleet and
S Jaishankar reacts to US warning of “potential risk of sanctions” over Chabahar Port De
KOLKATA : A day after the US warned of “potential risk of sanctions” after India inked a 10-year agreement for running the Chabahar Port in Iran, External Affairs
CMA CGM implements new rates from Indian Subcontinent to North Europe
MARSEILLE : French ocean carrier CMA CGM has announced updated Freight All Kinds (FAK) rates, which will be effective from 1 June. The new rates will apply to
Scan Global Logistics and Hapag-Lloyd enter into major biofuel agreement in a new Green Collaboratio
COPENHAGEN : Scan Global Logistics (SGL), a leading global provider of transport and logistics solutions, and Hapag-Lloyd, one of the world’s largest container shipping lines, proudly announce a
Supply chain disruptions and rising demand boost container freight rates globally
NEW YORK : Shares of major container shipping firms soared on Monday, fueled by the climbing freight rates. Notably, the Shanghai Container Freight Index, a key indicator of