Saudi Red Sea Authority and NEOM signs MoU
RIYADH : Saudi Red Sea Authority (SRSA) has signed a memorandum of understanding (MoU) with NEOM. Under the terms of the agreement, the two parties will collaborate to
World’s largest cargo ship ‘MSC Loreto’, capable of holding 24,300 containers, docks i
SUFFOLK : The world’s joint-largest cargo ship has docked at Britain’s biggest and busiest container port, MSC Loreto arrived at the Port of Felixstowe here, from Le Havre in
Chemical Challenger sets sail as first ship with Green Award’s GHG Label for innovative wind techn
ROTTERDAM : Green Award Foundation proudly announces that the Chemical Challenger, a chemical tanker operated by Chemship, has become the first vessel to receive the prestigious Green Award
Maersk Q1 results in line with expectations amid ongoing Red Sea disruptions
COPENHAGEN : A.P. Moller – Maersk (Maersk) delivered a first quarter in line with expectations showing a strong recovery in earnings compared to the fourth quarter of 2023.
CMA CGM applies new PSS from Asia and India to Mauritius
MARSEILLE : French Ocean Carrier CMA CGM has notified its customers of a forthcoming Peak Season Surcharge (PSS) effective from 15 May until further notice. The surcharge will
DP World unveils new route to boost Turkish imports
DUBAI : As global supply chains face disruptions due to the ongoing challenges in the Red Sea, DP World has introduced a new solution to address critical raw
Unifeeder expands in Latin America, opens Panama office
PANAMA : DP World’s Unifeeder Group has opened an office in Panama its first in the Latin American region. The move to open an office in Panama City
Unlocking Maritime Futures : International Port & Marine Development Conference to spearhead ma
JEDDAH : In a transformative push for global maritime logistics, the International Port & Marine Development Conference, set for May 6-7, 2024, at the Jeddah Hilton Hotel, emerges
Drewry’s World Container Index increased 1% to $2,725 per 40ft container this week
LONDON : The composite index increased 1% to $2,725 per 40ft container this week and has increased by 55% when compared with the same week last year. The
Baltic index edges up on gains in larger vessels
COPENHAGEN : The Baltic Exchange’s dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax vessel rates. The overall index, which