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February 11, 2025

Asia-US container rates tick lower; shippers frontloading cargoes on tariff pause

International Shipping, Shipping Line, Trade, Trending News
LONDON : Rates for shipping containers from Asia to the US ticked lower this week, although they could see upward pressure from shippers pulling forward volumes ahead of the 30-day tariff freeze, while rates
February 11, 2025

Marsa Ocean Shipping aquires two new container vessels

International Shipping, Company, Shipping Line, Trending News
DUBAI : Marsa Ocean Shipping, a Dubai-based feeder carrier, has expanded its fleet with the acquisition of two new container vessels, increasing its total number of ships to six. The newly acquired Marsa Ivy
February 11, 2025

African countries prepare to roll out net-zero shipping strategy : IMO

International Shipping, Maritime
MOMBASA : African countries have mapped out practical measures they can take to advance the green transition of shipping on the continent, focusing on maritime governance, infrastructure development, and job creation.  More than 200
February 11, 2025

Baltic index falls as larger vessel rates dip

International Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger vessel rates. The index, which factors in rates
February 10, 2025

Hapag-Lloyd adds ninth LNG dual-fuel 23,600 TEU giant to the fleet

International Shipping, Shipping Line, Trending News
HAMBURG : The newbuild was officially christened on February 4, 2025, at Hanwha Ocean’s Shipyard in Okpo, South Korea. Following the christening ceremony, Bangkok Express set sail on its maiden voyage to Busan. As
February 10, 2025

AD Ports Group partners with the CMA CGM Group to develop and operate New East Mole Multipurpose Terminal in Pointe Noire in The Republic of the Congo

International Shipping, Container Terminal, Ports, Trending News
ABU DHABI : AD Ports Group, an enabler of integrated trade, transport and logistics, signed a shareholders’ agreement with the CMA CGM Group, a global player in sea, land, air, and logistics solutions, through
February 10, 2025

ERMA FIRST GROUP joins Green Marine to strengthen environmental commitment in North America and Europe

International Shipping, Maritime, Trade, Trending News
GREECE : ERMA FIRST GROUP, a global leader in sustainable maritime technologies, is proud to announce its official membership in Green Marine, the leading environmental certification program for the North American maritime industry. This
February 7, 2025

Maersk reports third-best financial year

International Shipping, Company, Shipping Line, Trade, Trending News
COPENHAGEN : A.P. Moller – Maersk reports strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65% to USD 6.5 billion. Results were driven by higher
February 7, 2025

Transits through the Panama Canal down 10% : BIMCO

International Shipping, Foreign Ports, Shipping Line, Trending News
LONDON : “Between September 2024 and January 2025, ship capacity in deadweight tonnes transiting through the Panama Canal was 10% lower than the 2019-22 average. Although there were no transit restrictions during this period,
February 7, 2025

Inmarsat Maritime signs expanded agreement with Maersk to enhance Global fleet Connectivity

Maritime, International Shipping, Shipping Line, Trade, Trending News
LONDON : A.P. Moller – Maersk (Maersk), one of the world’s largest containership operators, and Inmarsat Maritime, a Viasat company, have signed an agreement to upgrade Inmarsat satellite communications services across Maersk’s global fleet
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