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November 18, 2024

CMA CGM announces PSS from Indian Subcontinent

International Shipping, Shipping Line, Trending News
MARSEILLE : A Peak Season Surcharge (PSS) of $1,500 per unit will be applied from the Indian Subcontinent, Middle East Gulf, Red Sea, and Egypt to the US East Coast and Gulf, according to
November 18, 2024

KYC more important than ever in shipping

Maritime, Global Trade, International Shipping, Shipping, Shipping Line, Trending News
LONDON : The recent political shift in the US has brought renewed focus on the evolving sanctions landscape, particularly for the maritime industry. The increasing complexity of compliance requirements, the challenges faced by industry
November 18, 2024

Maritime appetite for cyber risk notably higher than other key industries : DNV Report

International Shipping, Global Trade, Maritime, Ports, Shipping, Shipping Line, Technology, Trending News
OSLO : A new report published by DNV reveals that the majority (61%) of maritime professionals believe the industry should accept increased cyber risk from digitalization if it enables innovation and new technologies. The
November 18, 2024

Construction starts on ‘world’s first’ methanol dual-fuel intelligent VLCC

International Shipping, Trending News
SHANGHAI : Dalian Shipbuilding, in partnership with China Shipbuilding Industry Corporation, has started construction of what is said to be the “world’s first” methanol dual-fuel intelligent very large crude carrier (VLCC) for China Merchants Energy Shipping
November 18, 2024

Blue Orange Wave wins award at Crew Connect Global

International Shipping, Education, Maritime, Trade, Trending News
THE HAGUE : Maritime digital training solutions provider Blue Orange Wave is proud to announce it has won the Crew Connect Global Award for Training and Safety at Sea. The award is presented to
November 18, 2024

Drewry’s World Container Index remains stable last Week

International Shipping, Container, Shipping Line, Trade, Trending News
LONDON : Drewry’s World Container Index remained stable at $3,440 per 40ft container last week. Drewry’s detailed assessment for Thursday, 14 November 2024
November 18, 2024

Baltic index rises as capesize segment logs gains

International Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s main sea freight index rose on Friday, supported by a strong rise in the capesize vessel segment. The index, which factors in rates for capesize, panamax and supramax shipping
November 16, 2024

Hapag-Lloyd CEO expects shipping strength to continue

International Shipping, Shipping Line, Trending News
HAMBURG : Hapag-Lloyd’s CEO said on Thursday he expects continued strength in container shipping volumes, which are driven by global demand for transporting goods and seen as a proxy for trade and a health barometer for
November 16, 2024

Cargo vessel from Karachi arrives at Chittagong Port, shows first-ever direct maritime link between 2 nations

International Shipping, Foreign Ports, Global Trade, Trending News
CHITTAGONG : A cargo vessel from Karachi arrived at Bangladesh’s Chittagong Port on Wednesday. The authorities from both sides called it the first-ever direct maritime link between the two countries. As Bangladesh cosies up
November 16, 2024

Hapag-Lloyd achieves good result in first three quarters of 2024

International Shipping, Shipping Line, Trade, Trending News
HAMBURG : Hapag-Lloyd concluded the first nine months of 2024 with a Group EBITDA of USD 3.6 billion (EUR 3.3 billion). The Group EBIT stood at USD 1.9 billion (EUR 1.8 billion) and the
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