India-bound oil tanker hit by missile in Red Sea attack
YEMEN : A Panamanian-flagged tanker carrying crude oil bound for India was struck with a missile in the Red Sea, the U.S. State Department said on Friday. The
SeaLead announces Ownership change and Management update
SINGAPORE : SeaLead, a fast-growing global shipping line,on Friday announced a change in its ownership structure and a management transition, reflecting a strategic move aimed at reinforcing its
Red Sea Crisis: The Xeneta Newsfeed
CAIRO : The Red Sea crisis is yet another reminder of the importance – and fragility – of global supply networks. But what will be its legacy and
Red Sea crisis : Indian exporters save on higher shipping costs as importers start sharing burden
NEW DELHI : Even as the Red Sea crisis pushes up shipping expenses, Indian exporters are getting some relief from the higher cost burden by negotiating rates afresh
Connecting the dots between Morocco and the South of Europe : Maersk
COPENHAGEN : A recent sourcing whitepaper has revealed that over 64% of European companies have changed the way they source materials as a result of global supply chain disruptions. Arguments
HMM remains in the black for Q4 2023
SEOUL : South Korean shipping company HMM remained profitable in Q4 2023 despite the pressure on container markets. HMM reported a net profit of KRW1.01 trillion for 2023
How long can Maersk investors tolerate below-par performance, wonders Linerlytica
COPENHAGEN : Maersk blamed overcapacity for its record EBIT losses in the fourth quarter but it failed to mask the fact that it has continuously underperformed the market,
Cargo ship that sank in 1940 found at the bottom of Michigan’s Lake Superior
MICHIGAN : The Arlington, a 244-foot bulk carrier that sank in 1940 with its captain on board, was recently discovered at the bottom of Lake Superior. The ship
ClassNK and Lovoy signed MOU to jointly explore enhanced safety at sea
TOKYO : ClassNK and Lovoy have signed a Memorandum of Understanding (MOU) to cooperate with development and implementation of more user-friendly Safety Management Systems (SMS). Lovoy has highlighted that
Amer Shipping sets new sustainable standard with dry cargo vessel Adriana Maria
WERKENDAM : The latest addition to Amer Shipping’s fleet in Raamsdonksveer is dry-cargo vessel ‘Adriana Maria’, a multi-purpose ship, even at low water levels. This is thanks to