Red Sea attacks add urgency to alternate Mideast trade route
NEW DELHI : The volatile situation in the Red Sea increases the need for an alternate trade corridor to ship goods from India to Europe, India’s ambassador to
CMA CGM and Nike forge agreement for sustainable shipping solutions
MARSEILLE : Nike, a global leader in the apparel and sportswear sector, has recently forged an agreement with French ocean carrier CMA CGM to purchase eco-friendly biofuel for
NYK Group establishes region heads worldwide
Promoting the NYK Group’s Regional Strategies TOKYO : On April 1, the NYK Group will establish the NYK Group region heads in Europe (London), the Americas (Secaucus), China
UN : Applying the law of the sea to protect International Shipping
LONDON : In recent decades, global shipping—carrier of 80 per cent of world trade—has faced numerous threats that challenge the long-established right to freedom of navigation for all
Baltic Index climbs to 10-Week high on rising Vessel rates
LONDON : The Baltic Exchange’s dry bulk sea freight index extended gains on last Thursday to hit an over two month peak, supported by rising rates across all
BIMCO : Tanker Market strengthens despite slowing oil demand growth
LONDON : Supply/demand balance For crude tankers, we forecast that the supply/demand balance will tighten further during both 2024 and 2025. Low fleet growth, along with increasing sailing
UK ship sunk by Houthis “Environmental Catastrophe” for Red Sea : Yemen
YEMEN : The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen‘s internationally recognised government said on Saturday, warning of an “environmental
India seizes Karachi-bound ship carrying nuclear cargo
MUMBAI : The Karachi-bound ship seized by Indian agencies in Mumbai was “carrying commercial” goods and not machines for a nuclear programme, Pakistan claimed on Sunday, a day after Indian
Maersk issues warning on prolonged Red Sea disruptions, supply chain challenges
COPENHAGEN : Maersk, a key player in the global shipping industry, has issued a cautionary note, indicating that disruptions to container shipping through the Red Sea may extend
Bahri wins Guinness World Record for largest mobile desalination plant
RIYADH : Bahri Desalination, a specialized business unit of the National Shipping Company of Saudi Arabia (Bahri), the global shipping and logistics leader, has established a new milestone