Yemen’s Houthis say they ‘targeted’ container ship CMA CGM Tage, no damage reporte
NEW YORK : Yemen’s Iran-backed Houthis said on Wednesday they had “targeted” a container ship bound for Israel, a day after the US Central Command (CENTCOM) said the
Italian container line Kalypso files for bankruptcy amid ongoing conflict between Israel and Hamas
ROME : Italian startup container line Kalypso has filed for bankruptcy following a collapse in freight rates and the disruption of its services to Israel, reported Italian media.
ONE announces Japan Taiwan Cat Lai (JTC) Service
SINGAPORE : Ocean Network Express (ONE) has unveiled its latest service – the Japan Taiwan Cat Lai (JTC) Service. JTC is designed to offer customers enhanced connectivity through
Red Sea attacks disrupt global trade, experts weigh in on potential impact on freight costs
NEW DELHI : In the aftermath of attacks by Houthi rebels in the Red Sea, global trade is grappling with heightened freight costs. The situation escalated when Houthi
Inchcape Shipping Services acquires major stake in Leth Suez Transit
LONDON : UK-based shipping servicer Inchcape Shipping Services has announced an investment for a majority stake in Leth Suez Transit (LETH) to strengthen operations. Through the acquisition, LETH
Mawani” promoted the Kingdom’s leadership with investment projects worth 13 billion riyals in 20
RIYADH : During 2023, the Saudi Ports Authority “Mawani” strengthened the maritime and logistics sectors, contributing to the Kingdom’s exceptional leaps in international indicators and solidifying its position
Indian Navy enhances surveillance in Arabian Sea, Gulf of Aden
NEW DELHI : The Indian Navy has significantly enhanced its surveillance apparatus in the Arabian Sea and the Gulf of Aden by deploying frontline destroyers and frigates in view of recent incidents of attacks
Shipping – Not a gentleman’s game anymore : Amitabh Kumar
The United Nations Convention on the Laws of the Seas (UNCLOS) grants ships of all States, whether coastal or land locked the right of innocent passage through the
ZIM increases rates from Med and Black Sea to USEC, Gulf, Canada and Mexico
HAIFA : ZIM announced new increased rates from the West Mediterranean ports to all ports in the United States East Coast, Gulf, Canada and Mexico. The new rates
Maersk suspends vessels’ passage in Red Sea strait for 48 hours after attack on Maersk Hangzho
COPENHAGEN : Maersk, one of the world’s largest shipping companies, on Sunday (Dec 31) said that it was suspending the passage of its vessels through a significant Red