Shipping industry could lose $10 billion a year battling climate change by 2050
NEW YORK : Severe drought has caused water levels in the Mississippi River to drop so low that ships have been running aground. To keep commerce flowing, the
NYK commences conversion to Ammonia Fuel for Pioneering Tugboat
Commencing modification to sail the World’s first ammonia-fueled vessel TOKYO : NYK has commenced conversion of the liquefied natural gas (LNG) fueled tugboat Sakigake to an ammonia-fueled tugboat
Unifeeder honored with the ‘Multimodal Category Award’ at Global Maritime India Summit
MUMBAI : During the three-day summit, many Indian ministers, government officials and international maritime communities discussed and deliberated key issues of the maritime sector – emphasizing the importance
PSA International Annual Report 2022 wins Three Accolades at 2023 ARC Awards
SINGAPORE : The PSA International Annual Report 2022, themed ‘It’s in our Nature’, bagged three wins at the 37th Annual International ARC Awards! The world’s largest annual report competition,
CMA CGM increases rates on Transatlantic trade
MARSEILLE : French ocean carrier CMA CGM announced adjustments on its rates, due to the “unsustainable rate levels” reached on the Transatlantic trade, effective from November for all
Mawani boosts Maritime Links with addition of CMA CGM’s India Gulf Express Service to King Abd
RIYADH : The Saudi Ports Authority (Mawani) has announced the addition of the India Gulf Express freight service, operated by the French container carrier CMA CGM, to King
KEZAD commences AED 330m primary Infrastructure Development for Food and Auto-Hubs
ABU DHABI : Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones in the UAE, announced that infrastructure work at
Höegh Autoliners sheds one car carrier and buys another
NORWAY : Norwegian car carrier player Höegh Autoliners has reached an agreement for the sale of one and the acquisition of another vessel. Höegh said on Monday that
Dry Bulk Market – Capesizes on correction mode : Baltic Exchange
LONDON : The week in the capesize market concluded with a continued trend of declining rates. In the Pacific region, despite the addition of a second major player
ONE launches New Indian Ocean Mediterranean Service
SINGAPORE : Ocean Network Express (ONE) announces the new Indian Ocean Mediterranean service (IOM). This new service connects India, Pakistan and the Middle East with the Mediterranean region