Shipping market conditions boost Yang Ming’s first Quarter results
KEELUNG CITY : Yang Ming Marine Transport Corporation (Yang Ming) held its 392nd Board Meeting on 10th May to approve its Q1 financial report of 2024. The consolidated
Maersk suspends Methanol Ship order to Chinese Shipbuilder
COPENHAGEN : Maersk, the world’s second-largest shipping company, has reportedly postponed an order for 15 methanol-powered container ships from a Chinese shipbuilder. The delay is reportedly due to
Baltic dry bulk index logs best week in more than two months
LONDON : The Baltic Exchange’s main sea freight index marked its best week in more than two months on Friday, despite a daily decline attributed to weakness in
Panama Canal in talks with US LNG producers to increase transit
NEW YORK : The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover
5 Indian crew members are released from the seized vessel ‘MSC Aries’, by Iran
TEHRAN : The Indian embassy in Iran announced the release of five Indian sailors who were onboard an Israeli-linked vessel seized by Tehran. The sailors have since departed from
Analyst warns of congestions at Asian ports hit by Red Sea logjam
SHANGHAI : The Red Sea crisis is challenging Asian ports as congestion with “echoes of the pandemic” is seen in Asia and the Middle East with analysts warning
Box lines start Asia-Mexico services as rates hit 20-month high
SHANGHAI : Mainline operators have been starting services connecting China with Mexico as freight rates have reached a near two-year high. Freight rates for containers from Chinese ports
International Port & Marine Development Conference 2024 concludes embracing trends to enhance e
JEDDAH : The recently concluded International Port & Marine Development Conference in Jeddah has set a new course for the maritime industry, emphasizing smart and sustainable port infrastructure
DP World and Asian Terminals Inc. open new barge terminal in the Philippines
MANILA : DP World and Asian Terminals Inc. (ATI) announced the opening of Tanza Barge Terminal in Cavite to facilitate smoother and faster transport for goods and raw
Port of New York and New Jersey surpasses 2 million TEUs in first three months
NEW YORK : The Port of New York and New Jersey handled 701,648 TEUs in March bringing the first quarter total volumes to 2,001,449 TEUs, translating to a