OCEAN Alliance rolls out new service network
SINGAPORE : OCEAN Alliance, consisting of CMA CGM, COSCO, Evergreen and OOCL, has announced the launch of its updated service network, called “DAY 8 Product”. After extending their partnership
Carriers ‘undo’ rate hikes on India-US trades amid cargo volume pressure
MUMBAI : Container carriers appear to have abandoned plans to hike freight rates on Indian trades to the United States, as they are facing a slump in cargo
Pakistan’s Salt industry struggles amid shipping crisis
KARACHI : Salt Manufacturers Association of Pakistan (SMAP) leaders have urged the government to lift the ban on trade with India and reduce taxes on imported salt materials,
TT Club Sponsors the Young Supply Chain Resilience Professional of the Year Award 2024
LONDON : In announcing its continued support of the TAPA EMEA* Award, leading provider of insurance and related risk management services to the international transport and logistics industry,
Baltic index slips as capesize losses outweigh panamax gains
LONDON : The Baltic Exchange’s main sea freight index declined on last Thursday, as a fall in capesize rates overshadowed gains in the panamax segment. The overall index,
ClassNK awards first-ever notation to Fuyo Kaiun’s bulk carrier “ELETTRA”
TOKYO : ClassNK has granted its “ELW” (Excellent Living and Working Environment) notation to “ELETTRA”, a bulk carrier owned by Fuyo Kaiun Co.,Ltd. The vessel becomes the first
Indian Navy rescued Bangladeshi vessel near Somalia, attacked by Somalian pirates
NEW DELHI : The Indian Navy responded to an SOS by a Bangladesh-flagged cargo ship that was seized by pirates off the Somalia coast and took 23 of
Maersk and Hapag-Lloyd Gemini Alliance will seek to reduce costs
HAMBURG : With returns sliding back to pre-Covid levels after the supercharged pandemic period shipping lines are looking to control costs again to keep their heads above water.
World Shipping Council announces digital platform for cargo safety
WASHINTON D.C. : The World Shipping Council (WSC) has announced plans to develop a new Cargo Safety Program for the transport of dangerous goods, with the not-for-profit organisation
Houthis threaten to target merchant ships in Indian Ocean
YEMEN : The Houthis plan to attack ships in the Indian Ocean, as they travel toward the Cape of Good Hope, the group announced on Thursday. Two Houthi