LONDON : The Baltic Exchange’s Dry Bulk Sea Freight prices rose slightly on Friday, even as the index marked its fourth straight weekly loss due to lower demand among panamax and supramax vessel segments
RIYADH : The ports supervised by the Saudi Ports Authority (Mawani) recorded a 13.61% increase in container handling during March 2025, reaching 699,928 TEUs compared to 616,079 TEUs in the same period last year.
WASINGTON D.C. : The United States and Panama have signed a new defence and security pact to boost cooperation around the Panama Canal — a move US Defence Secretary Pete Hegseth called vital to
COPENHAGEN : Coach Solutions, a leading SaaS provider in the shipping industry, has agreed a partnership with Nextvoyage Maritime Software to increase the availability of reliable voyage data for maritime users. The integration will enable
TOKYO : ClassNK has issued an approval in principle (AiP) for an Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi Shipbuilding. The certification confirms its feasibility from regulatory and safety perspectives. Interest
THIRUVANANTHAPURAM : In a historic moment for Indian maritime infrastructure, ultra-large container vessel MSC Turkiye, one of the largest cargo ships in the world, anchored at Adani Vizhinjam Port on Wednesday. The vessel, which
MARSEILLE : CMA CGM, the world’s third-largest container shipping company, has announced the introduction of an Overweight Surcharge (OWS) for shipments from the Indian Subcontinent and the Arabian Gulf to the Red Sea. Effective
BARCELONA : SeaLead, a fast-growing global shipping line, has strengthened its presence in Europe with the establishment of its own entity in Spain, marking a significant step in its global expansion. The company is
LONDON : The United States has withdrawn from talks in London looking at advancing decarbonisation in the shipping sector and Washington will consider “reciprocal measures” to offset any fees charged to U.S. ships, a
LONDON : Technology group Wärtsilä has introduced a new methane slip reduction solution for its Wärtsilä 50DF dual-fuel engine. The new technology, which converts Wärtsilä 50DF dual-fuel (DF) engines to spark gas (SG) operation,