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November 6, 2024

MAWANI announces Emirates Shipping Line’s new service ‘GRC’ to Jeddah Islamic Port

International Shipping, Shipping Line, Trade, Trending News
RIYADH : The Saudi Ports Authority (MAWANI) has announced the addition of Emirates Shipping Line’s new shipping service ‘GRC’ to Jeddah Islamic Port. The new shipping route connects Jeddah Islamic Port to the ports
November 6, 2024

Maersk opens its first own-licensed bonded warehouse in north Vietnam, further enhancing its integrated customer service capabilities

International Shipping, Logistics, Trending News, Warehousing
HAI PHONG VIETNAM : Maersk opened its first bonded warehouse in Vietnam at SLP Park, Nam Dinh Vu IP, Hai Phong province. Operated by Maersk Contract Logistics, this bonded warehouse marks an important milestone
November 6, 2024

PIL accelerates fleet renewal with order for five more LNG Dual-Fuel Vessels

International Shipping, Shipping Line, Trade, Trending News
SINGAPORE : Pacific International Lines (PIL) is accelerating the renewal of its fleet with an order for another five 9,000 TEU liquefied natural gas (LNG) dual-fuel container vessels. The vessels will be built by
November 6, 2024

Evergreen Marine earns $30M from sale of 28-year-old Vintage Panamax Container Ship

International Shipping, Shipping Line, Trending News
TAIPEI : Evergreen has secured an impressive $30 million from the sale of the 1996-built, 5,364 TEU Ever United, which is scheduled to deliver charter-free later this month. “This remarkable sale at a historically
November 6, 2024

British Columbia ports head toward lockout as labor talks stall

Export - Import, Foreign Ports, International Shipping, Shipping Line, Trade, Trending News
LONDON : British Columbia ports head toward a lockout on Nov. 4 as negotiations between the International Longshore and Warehouse Union (ILWU) Local 514 and the British Columbia Maritime Employers Association (BCMEA) come to
November 6, 2024

Container ship deliveries hit new record of 2.5 million TEU : BIMCO

Container, Global Trade, International Shipping, Ship Building, Shipping Line, Trending News
LONDON : Just ten months into 2024, shipyards’ deliveries of container ships have reached a new annual record. A total of 410 ships with a capacity of 2.5m TEU have been delivered, surpassing the
November 6, 2024

Drewry launches new intra-Asia online service

International Shipping, Container, Maritime, Shipping Line, Trade, Trending News
LONDON : Drewry’s new online Intra-Asia Container Market Insight service confirms that growth in the intra-Asia container shipping market, which over the last five years (2019-2023) registered a compound average growth rate (CAGR) of
November 6, 2024

Baltic index rises as capesize segment logs gains

International Shipping, Dry Bulk Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s dry bulk sea freight index rose on Tuesday, buoyed by rising rates across the capesize vessel segment. The index, which factors in rates for capesize, panamax and supramax shipping
November 5, 2024

Kaushalya Logistics Limited signs partnership with Maersk Line to strengthen surface transportation in India

Logistics, International Shipping, Trending News
MUMBAI : Kaushalya Logistics Limited ( KLL), a prominent conglomerate in logistics support for the cement industry, recently secured an agreement with Maersk Line, the global giant in container shipping based in Copenhagen, Denmark.
November 5, 2024

Ocean Network Express registers strong Financial Result for FY2024 2nd Quarter

International Shipping, Shipping Line, Trade, Trending News
SINGAPORE : Ocean Network Express (ONE) released the financial result for FY2024 2nd Quarter (from July 2024 to September 2024). The revenue for FY2024 2nd quarter was US$5,864million, up 65% from the same quarter of
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