August 10, 2024
March 20, 2026
August 10, 2024
Houthis target container ship & 2 U.S. Navy destroyers using drones & missiles
The Yemeni Houthis have claimed responsibility for the attack on the Liberian-flagged container ship Contship Ono in the Red Sea and two U.S. Navy destroyers, the Cole and the Laboon, in the Gulf of
August 10, 2024
Female NYK Executive participates in Regional Summit hosted by UN Global Compact
TOKYO : NYK Executive Officer Yuko Tsutsui participated in a panel discussion at the regional flagship event “Forward Faster Now | Asia & Oceania”* held by the United Nations Global Compact (UN Global Compact)**
August 9, 2024
MSC achieves record market share in Container Shipping
GENEVA : MSC has reached an unprecedented market share of 19.8%, the highest ever recorded by a carrier, according to Alphaliner. The Geneva-based carrier has added about 400,000 TEU to its fleet this year,
August 9, 2024
World’s largest sailing cargo ship of modern history to set sail
LONDON : Anemos, the world’s largest sailing cargo ship, has set sail on its inaugural voyage from Concarneau, South Brittany. The pioneering vessel, developed by TransOceanic Wind Transport (TOWT) and built by the PIRIOU
August 9, 2024
Futures show more downside to freight rates in 2025
SHANGHAI : Shanghai container futures trades suggest that Asia-Europe freight rates could fall further in 2025, after appearing to have peaked now. On 5 August, the index points of the EC2408 (August contract) closed
August 9, 2024
King Abdulaziz Port sets record with 20,645 containers handled on single ship
RIYADH : Saudi Arabia’s maritime sector is experiencing significant expansion, highlighted by the King Abdulaziz Port in Dammam achieving a milestone in container handling. The port recently set a new record by managing 20,645
August 9, 2024
Container ship newbuilds reach post-Covid high
Boxship newbuilding orders have burst back into life as the Red Sea crisis has caused freight and charter rates to reach levels not seen since the Covid-19 pandemic. Clarksons stated that 89 container vessels,
August 9, 2024
India’s crude oil imports from Russia surge 1000%
NEW DELHI : India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This marks a staggering 1000% increase compared to
August 8, 2024