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International Chamber of Shipping disappointed that Member States have not been able to agree

LONDON : The International Chamber of Shipping (ICS) comments following the conclusion of the International Maritime Organization’s (IMO) Extraordinary Session of Marine Environment Protection...

CMA CGM announces revised freight rates from Mediterranean to India & Pakistan effective November 1

MARSEILLE : French container shipping major CMA CGM, the world’s third-largest liner operator, has announced a revision in freight rates for shipments moving from...

US fails to block world’s first global carbon price, but adoption delayed

LONDON: The IMO agreed to delay the planned adoption of the Net-Zero Framework for one year in a vote this Friday due to delay tactics and...

An extraordinary IMO meeting with extraordinary circumstances for the future of shipping

LONDON : A week of tension and uncertainty has drawn to a close at the International Maritime Organization (IMO) , ending with a delay...

Adoption of the IMO NZF delayed. Regional, national and corporate actors action urged to fill the gap: UCL

LONDON: A scheduled Extraordinary Session of the IMO’s Marine Environment Protection Committee has ended without adopting the policy measures agreed upon in principle in...

Baltic Index logs weekly gain as All Vessel Segments rise in tandem

LONDON: The Baltic Exchange’s Dry Bulk Sea Freight index, which monitors rates for vessels moving dry bulk commodities, rose on Friday and posted a...

Drewry: World Container Index up 2% last week

LONDON: For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts.  Drewry’s World Container Index increased 2% to $1,687...

Port of Antwerp sees temporary relief from strikes as backlog reaches 160 ships

ANTWERP: Belgium’s key ports of Antwerp and Bruges have secured temporary relief from industrial actions, the port authority said Oct. 15, with maritime traffic...

Xeneta Weekly Ocean Container Shipping Market Update

OSLO: Average spot rates on four main fronthauls out of the Far East have all increased from last week. This uptick follows the previous...

New guidance provides industry-first roadmap for nuclear-powered shipping

LONDON: Lloyd’s Register (LR) has published Navigating Nuclear Energy in Maritime, a new guidance document providing the first roadmap for the safe and responsible use...
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