Baltic Index hits 11-Year High on gains across Segments
LONDON : Baltic Exchange’s main sea freight index , tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak bolstered by firmer rates across
LONDON : Baltic Exchange’s main sea freight index , tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak bolstered by firmer rates across
VANCOUVER : A record broke last week when naval architects at Robert Allan Ltd. and ABS completed the first fully end-to-end 3D vessel construction plans for a US commercial ship. The tugboat
EGYPT : Owners of the 20,000 TEU containership Ever Given, which has been stuck in Egypt for months following its grounding in the Suez Canal, have reached an
Germany’s Hapag-Lloyd has ordered six additional ultra large LNG-powered container vessels at South Korea’s Daewoo Shipbuilding & Marine Engineering. DSME revealed the order worth nearly $1 billion on Monday but
International Maritime Organization (IMO) adopts key mandatory measures to reduce ships’ carbon intensity; establishes ship rating system. New mandatory measures to cut the carbon intensity of international shipping
SINGAPORE : China will play a crucial role in ensuring that the global logistics industry responds effectively to the climate change challenge, said Ditlev Blicher, managing director of
SINGAPORE : Listed global carriers recorded a combined $16.2bn in operating profits in the first quarter this year, with seven of the 10 carriers recording EBIT of over
LONDON : Leaders of many of the world’s largest economies have descended upon Cornwall in southwest England this week for the annual G7 summit. Inspired by the gathering,
LONDON : As world leaders meet in Cornwall, England, for the G7, the first ever meeting of the equivalent maritime bodies, titled M7, took place on Wednesday this
A freight train bound for Duisburg, Germany, departs from Wuhan, China. More companies are looking to use the China Express Railway to ship goods from China to Europe TOKYO