Bahri Line expands fleet with a new Multi-Purpose Vessel
RIYADH : Bahri Line has continued its venture into the niche multipurpose sector with the addition of an MPP to its fleet. The company said it has added
Baltic index slips to three-week low on weaker capesize, panamax rates
LONDON : The Baltic Exchange’s main sea freight index fell to over a three-week low on Monday, weighed down by weakness in the capesize and panamax vessel segments.
Drewry : World Container Index down by 5% last week
LONDON : Drewry’s World Container Index decreased by 5% to $3,010 per 40ft container this week.
IMO progress and GHG levy momentum increases the imminence of the endgame for shipping’s use of fo
LONDON : The MEPC 81 meeting concluded on 22nd March 2024, further clarifying the risk and opportunity both for the international shipping value chain’s commercial decision making, and
PSA International announces financial results of 2023
SINGAPORE : PSA International has reported earnings of $1.46 billion for the FY2023 ended Dec 31, 2023, down 6.3% compared to its $1.56 billion earnings in FY2022. For
IMO agrees possible outline for maritime “net-zero framework
LONDON : IMO has agreed on an illustration of a possible draft outline of an “IMO net-zero framework” for cutting greenhouse gas emissions (GHG) from international shipping. This
Houthis reportedly strike Deal with Russia, China for safe passage
YEMEN : Houthi rebels here—who have been attacking ships passing through the Red Sea in an apparent show of support for Hamas in the Israel-Hamas War—have reached a
FIATA and Global Shippers Forum call for Enhancing Data Quality and Information Exchange for EU IC
GENEVA : Shippers and forwarding organisations are calling for enhanced data quality and information exchange globally to facilitate the effective implementation of regulatory changes brought by the European Union’s
IMO on track to adopt mid-term measures to cut emissions from ships
LONDON : IMO is advancing discussions on legally-binding ‘mid-term’ measures to help the maritime industry achieve net zero shipping, as set out in the 2023 IMO Strategy on the Reduction
The future of global trade : UNCTAD announces first-ever Global Supply Chain Forum
GENEVA : In a world facing unprecedented challenges, the Global Supply Chain Forum (GSCF) 2024 is set to provide a crucial platform for leaders and experts to discuss the changing
