Maersk to deploy first large methanol-enabled vessel on Asia – Europe trade lane
COPENHAGEN : A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will
Indian cargo ship catches fire in Oman sea
OMAN : An Indian cargo ship caught fire in the sea near Oman, officials said on Wednesday. The ship, Ali Madad of Salaya, belonged to Siddiq Sanghar, a
CMA CGM increases FAK rates from Asia
MARSEILLE : CMA CGM has announced new Freight All Kinds (FAK) rates from Asia to North Europe, the Mediterranean and North Africa. The French carrier says its Asia
COSCO SHIPPING and bp signs strategic partnership agreement
SHANGHAI : Chinese shipping giant COSCO SHIPPING and British multinational oil and gas company bp signed a Memorandum of Understanding (MoU) for strategic cooperation in Shanghai on Tuesday,
Container freight rates fall to 2019 levels while costs remain high : BIMCO
LONDON : Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with 2022 and
Pacific International Lines and DP World sign MOU to jointly develop Green Solutions for Global Supp
DUBAI : Pacific International Lines (PIL) and DP World have signed a Memorandum of Understanding (MOU) to jointly develop green solutions to decarbonise global supply chains.The agreement pairs
DP World sets target to decarbonise short-sea shipping
DUBAI : The Dubai-based global ports operator DP World has announced that at least 5.0 per cent of its short-sea shipping would be powered by zero-emission fuels by
How MSC is supporting the supply of electricity to millions of households in Tanzania
TANZANIA : In the face of chronic power challenges hindering Africa’s development—ranging from insufficient generation capacity to low connectivity, poor reliability, and high costs MSC which is Africa’s leading supply chain
ZIM vessels divert from Arabian regional waters
HAIFA : Israeli container vessels are avoiding the Red Sea region as the conflict in Gaza and the heightened regional tension have increased the risks for all ships
ClassNK awards AiPs for SDARI’s green fuels powered vehicle carriers
SHANGHAI : ClassNK has issued Approvals in Principle (AiPs) for three vehicle carrier designs developed by Shanghai Merchant Ship Design & Research Institute (SDARI). The first AiP acknowledges an