OSLO : Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the
CAPE TOWN : South African Nouum Engineering, a leading provider of diesel engine services for marine, power, locomotive and generators globally and Mauritius-based ship repair and conversion yard
NEW DELHI : In what could prove to be bad news for Indian exporters, Yemen’s Iranian-backed Houthis are extending their attacks on merchant shipping hundreds of miles out
TEHRAN : All the Indian sailors on board the Portuguese flagged vessel MSC Aries have been released, the Iranian Foreign Ministry announced on May 3. This information was shared by Iran’s
DUBAI : In a significant move to bolster its leadership team, WeFreight has announced the appointment of Mr. Pramod Raj as the new Managing Director for its Kingdom
COPENHAGEN : Maersk has resumed the process of liquating its Russian subsidiary, Maersk LLC (St. Petersburg), as part of its final steps of exiting the country. According to
BALTIMORE : The Chief ag negotiator in the Office of the U.S. Trade Representative says the first container ship has made it through the Port of Baltimore. A
TAIPEI : Evergreen Marine Corporation and COSCO Shipping Lines will replace 13,000 TEU vessels with 20,000 TEU ships on their jointly operated Far East-Mediterranean service. The 20,000 TEU
COLOMBO : The Sri Lanka Ports Authority (SLPA) has reported a record 48 per cent year-on-year (YoY) rise in container volumes in the first quarter (Q1 2024). The
RIYADH : Saudi Red Sea Authority (SRSA) has signed a memorandum of understanding (MoU) with NEOM. Under the terms of the agreement, the two parties will collaborate to