NEW DELHI : A failure in Guatemala’s cardamom crop has rekindled the hopes of Indian exporters of dispatching more overseas shipments, especially to the Gulf markets for the ensuing Ramadan season. The emerging situation
RIYADH : The Saudi Ports Authority (Mawani) has signed three Memoranda of Understanding (MoU) with the Saudi Export Development Authority (Saudi Exports) and three of the world’s leading global shipping lines, Mediterranean Shipping Company
BEIJING : China has accused two Taiwanese nationals of leading a smuggling operation involving a Chinese-crewed vessel that damaged subsea cables in February, in an incident that has stoked tensions between the countries. The
BEIJING : On the Christmas Day of this year, images of a Chinese shipping vessel carrying several containerized vertical launch cells systems appeared online. The basis of the Vessel in question appears to be
MARSEILLE : Bureau Veritas Marine & Offshore (BV), has classed its first methanol-fueled containership, CMA CGM ANTIGONE. The 15,000 TEU methanol dual-fuel vessel was built by CSSC Jiangnan Shipyard for the CMA CGM Group,
COPENHAGEN : Singapore-based shipbuilder Seatrium said on Monday it has reached a settlement with Denmark’s Maersk to deliver an offshore wind vessel that was intended to work on a project off the coast of
SINGAPORE : Ocean Network Express (ONE) has announced the signing of an agreement to acquire a minority stake in Dalian Container Terminal (DCT) in Dalian, China. Located in the largest foreign container trade hub
BRAZIL : Hanseatic Global Terminals (HGT) has signed an agreement with Imetame Group to invest in 50% of the shares in Imetame Logística Porto (ILP) – a joint venture focusing on container terminal operations.
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to an over five-month low on Tuesday, as rates across all vessel segments declined.
SINGAPORE : The volume of oil stored on board ships in Asian waters, which has tripled since September to a three-year high, is poised to decline as producers of sanctioned oil slow exports and