Maersk drops Doha port call on Arabian Star service
COPENHAGEN : Maersk announced the change of the port rotation of its Arabian Star service by removing the Doha Westbound call. The decision will be effective from the
Container lines’ schedule reliability dips slightly at start of 2023
COPENHAGEN : Sea-Intelligence reported that while schedule reliability continued to increase for much of 2022, in January 2023 there has been a month-to-month decline of 3.8%, reaching to
Shipping Companies Reach $97M California Oil Spill Agreement
CALIFORNIA : Shipping companies will pay nearly $97 million to settle a lawsuit with a pipeline operator over a 2021 oil spill off the coast of Southern California, the pipeline company
China likely to dominate 2023 oil demand growth: MSI
SHANGHAI : Tanker markets have performed well over the first two months of the year, with sharp increases in spot earnings in both the crude and products sectors,
Hapag-Lloyd CEO says he is optimistic about shipping development in India
FRANKFURT: German container liner Hapag-Lloyd (HLAG.DE) sees great opportunity in India where containerisation levels are still low, Chief Executive Officer, Mr. Rolf Habben Jansen told reporters on Thursday. Having accompanied
MSC, world’s biggest shipping company and U.S.-China trade bellwether, is betting on a rebound for
GENEVA : MSC, Mediterranean Shipping Company, the world’s largest ocean freight line, tells that it is expecting positive signals for the global economy from trade demand, but it
Hapag-Lloyd publishes 2022 annual report and announces forecast for the current financial year
HAMBURG : Hapag-Lloyd published its annual report for 2022, the year of its 175th anniversary. According to the report, Hapag-Lloyd’s EBITDA increased to USD 20.5 billion (EUR 19.4
UAE issues new law on Dubai Ports Authority to boost maritime trade
RIYADH : A new law aimed at boosting investments and trade in Dubai’s maritime sector has been issued by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and
COSCO SHIPPING Ports buys stakes in two Xiamen firms
SHANGHAI : COSCO SHIPPING Ports confirmed the completion of the acquisition of 56% of the equity interest in Xiamen Haicang Free Trade Port Zone Company and 30% of
PIL strengthens Middle East coverage with Gulf Service 2 (GC2)
SINGAPORE : With the aim of continually improving its connectivity from Asia and enhancing its coverage of the Middle East, Pacific International Lines (PIL) is pleased to introduce