A Global Carbon Tax on Shipping is Coming, Says ABS Chairman and CEO
HOUSTON : A universal, global carbon tax on shipping is coming, as alternative blue fuels made with carbon capture emerge as a critical step in the energy transition
MSC commences new Panama-US East Coast service
GENEVA : The world’s largest box line MSC has announced the launch of a new connection between Panama and the US East Coast. Geneva based container line will
CNC Line launches new service between Indonesia, China and South Korea
SINGAPORE : CNC Line has announced the introduction of a new service , called KCI, a weekly service directly linking Indonesia with South China and South Korea. KCI
COSCO Shipping announces new North America East Coast to the West Coast of South America Service
SHANGHAI : COSCO Shipping Lines (Central America) Company currently operates twenty-seven regional shipping services in America, covering twenty-four countries and fifty-two ports in South and North America. COSCO
Maersk will avoid Red Sea despite EU security operation
COPENHAGEN : Maersk said on Friday it was too early to resume sailings through the Red Sea due to a continued elevated risk level, despite an initiative by
QatarEnergy signs agreements for 25 conventional-size LNG vessels
QATAR : QatarEnergy announced in a statement that it has signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25 conventional-size LNG
Bahri Line expands fleet with a new Multi-Purpose Vessel
RIYADH : Bahri Line has continued its venture into the niche multipurpose sector with the addition of an MPP to its fleet. The company said it has added
Baltic index slips to three-week low on weaker capesize, panamax rates
LONDON : The Baltic Exchange’s main sea freight index fell to over a three-week low on Monday, weighed down by weakness in the capesize and panamax vessel segments.
Drewry : World Container Index down by 5% last week
LONDON : Drewry’s World Container Index decreased by 5% to $3,010 per 40ft container this week.
IMO progress and GHG levy momentum increases the imminence of the endgame for shipping’s use of fo
LONDON : The MEPC 81 meeting concluded on 22nd March 2024, further clarifying the risk and opportunity both for the international shipping value chain’s commercial decision making, and