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August 5, 2024

Middle East on boil as Hezbollah strikes Israel, Biden asks Iran to ‘stand down’

Export - Import, Business, COMMERCE, Global Trade, International Shipping, Trending News
NEW DELHI : Hezbollah on Saturday said it launched dozens of rockets at Israel as tensions in the Middle East soared with Iran and its allies reading their response to the killing of Hamas’s political
August 5, 2024

Missile attack by Yemen’s Houthi rebels hits container ship in 2 weeks

Maritime, International Shipping, Trending News
DUBAI : A missile attack by Yemen’s Houthi rebels struck a Liberian-flagged container ship traveling through the Gulf of Aden, authorities said Sunday, the first assault by the group since Israeli airstrikes targeted them. The Houthis
August 5, 2024

CMA CGM expands logistics coverage in DR Congo

Logistics, International Shipping, Trending News
MARSEILLE : CMA CGM has announced plans to expand its coverage in the Democratic Republic of Congo by adding to the present feeder system. The company’s new product, intermodal Kinshasa, will interact with the
August 5, 2024

Wan Hai Lines celebrates naming of two boxships

International Shipping, Shipping Line, Trade, Trending News
TAIPEI : Wan Hai Lines held a ship naming ceremony for WAN HAI 375 and WAN HAI 377, along with a charity donation event, on 1 August at the Japan Marine United Corporation TSU
August 5, 2024

MOL obtains AiP for “LNG Carrier Installing Wind Challenger”- The World’s First Approval for an LNG Carrier

LNG, International Shipping, Shipping Line, Trending News
TOKYO : Mitsui O.S.K. Lines, Ltd. has been awarded an approval in principle (AiP) by Nippon Kaiji Kyokai (ClassNK) for the design of a membrane LNG Carrier installing Wind Challenger. This innovative design has
August 5, 2024

NYK presents its Decarbonization strategy at International Forum 

LNG, International Shipping, Shipping Line, Trending News
TOKYO : Nippon Yusen Kabushiki Kaisha (NYK) participated in International & Indonesia CCS Forum 2024 from July 31 to August 1, an event to promote international discussion and cooperation on carbon dioxide (CO2) capture
August 5, 2024

Baltic index snaps 10-session losing streak as capesize rates gain

International Shipping, Dry Bulk Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a 10-session losing streak on last Friday, supported by gains in capesize rates. The
August 5, 2024

Drewry: World Container Index Down 1% Last Week

Container, Export - Import, International Shipping, Shipping Line, Trade, Trending News
LONDON : Drewry’s World Container Index decreased 1% to $5,736 per 40ft container last week. Detailed assessment for Thursday, 01 August 2024
August 3, 2024

Maersk ups profit target by $2bn on Red Sea shipping woes

International Shipping, Shipping Line, Trending News
COPENHAGEN : Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have increased amid the crisis in the
August 3, 2024

Maersk sees global trade disruptions lasting throughout 2024

Export - Import, Global Trade, International Shipping, Shipping Line, Trending News
COPENHAGEN : The global transport disruptions caused by the conflict in the Red Sea will last longer than expected and won’t be solved this year, according to AP Moller-Maersk, a bellwether for world trade.
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