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News: International Shipping

Baltic Dry Index rises to Four-Week High on Broad-Based Vessel gains

LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, rose to a four-week high on...

Unifeeder announces India Med (IMD)Service expanding network to Egypt and Türkiye

DUBAI : Unifeeder is excited to announce the launch of the India Med Service (IMD), expanding their network into Northern Egypt and Türkiye. "This strategic...

CMA CGM ends existing Indian VSAs with Hapag-Lloyd and Maersk

MARSEILLE : CMA CGM is switching from vessel-sharing agreements (VSAs) to standalone operations across trades out of India in a new strategic approach as...

SSI appoints Jan Hedeman to lead new European subsidiary

VICTORIA : SSI, the leader in software, services and expertise for the business of shipbuilding, has appointed Jan Hedeman to lead its newly-founded EMEA...

Seafarers from cargo ship Eternity C, attacked by Houthis rescued after 48 hours in water

SANNA : Four seafarers have been rescued after spending more than 48 hours in the waters of the Red Sea, as the search continued...

Singapore Tops 2025 Xinhua-Baltic International Shipping Centre Development Index, Marking 12-Year Streak

LONDON : Baltic Exchange, in collaboration with Xinhua News Agency, proudly announces the release of the 2025 Xinhua-Baltic International Shipping Centre Development Index (ISCDI)...

Drewry: World Container Index down 5% last week

LONDON : For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked...

MSC conveys to Kerala High Court inability to deposit ₹9,531 crore as damages for sunken ship

HC Bench extends interim arrest of the shipping company’s MSC Akiteta-2, berthed at the Vizhinjam port, till August 6 KOCHI : Three days after the Kerala government...

India urges IMO to review maritime incidents involving foreign-flagged container vessels

NEW DELHI : India highlighted recent maritime incidents involving foreign-flagged container vessels operating in Indian waters and urged the International Maritime Organization to review...

CMA CGM reaches 4 Million Teus landmark

MARSEILLE : French container shipping giant CMA CGM GROUP (Official) has reached this week 4 Mn Teu of operated capacity, a landmark figure cementing...
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