Seized tanker ‘Advantage Sweet’ remains in Iranian waters
TEHRAN : Iran’s army has seized a Marshall Islands-flagged oil tanker in the Gulf of Oman after it collided with an Iranian boat, injuring several crewmen, state media
MSC enhances connections between Africa, Middle East and India
GENEVA : As part of MSC‘s ongoing commitment to enhancing services between Africa, the Middle East and India, they are pleased to announce the following updates to India
Maersk to mark the launch of greener vessel
COPENHAGEN : To celebrate the world’s first container vessel sailing on green methanol, AP Moller-Maersk has announced that it will host a week of festivities on 18-21 September
CMA CGM announces Overweight Surcharge update from Asia and India East Coast to Nigeria
MARSEILLE : CMA CGM announced an updated Overweight Surcharge (OWS) from Asia and India East Coast to Nigeria effective 28 April. The French ocean carrier will implement a
Container freight rate slide on larger Indian trades slows amid contract negotiations
MUMBAI : The slide in container freight rates on some of the trades routes out of India seems to have slowed, according to the latest market analysis. On
PIL receives “Container Ship Owner of the Year” accolade
SINGAPORE : PIL is honoured to be given the inaugural “Container Ship Owner of the Year” award at the 17th ShipTek International Maritime Awards 2023 ceremony held in
Future shipping fuels include LNG, Hydrogen & Amonia as Shipping has relied on One Fuel for lon
COPENHAGEN : International shipping is a classic ‘hard to abate’ sector. Container ships, bulk carriers of ore, fuel, and grain, and large passenger vehicles are expensive to build,
Hapag-Lloyd opens new office in Romania
HAMBURG : Hapag-Lloyd opens a new office in Romania. Bordering five European countries and with direct access to the Black Sea, Romania is an attractive growth market for
COSCO Shipping Ports boosts first quarter profits with flat container volumes
SHANGHAI : Cosco Shipping Ports achieved a year-on-year increase of 11.2% in its gross profit for the first quarter of the year, reaching US$89.9 million. At the same time,
Global Ports establishes its own container fleet
LONDON : Global Ports Group aims to create its own container fleet, consisting of 4,000 specialised boxes that will be used to transport, store and handle bulk cargo.