LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its 19-session winning streak on Thursday, weighed by weakness in
TOKYO : The governments of California and Japan announced a new collaboration aiming to clean up a critical link in the global supply chain by cooperating on strategies
The Drewry’s World Container Index (WCI) dipped to US$1,791 on 16 March 2023, recording its 50th week of dips over the last year. The rates have fallen on all routes
GENEVA : The world’s largest container line Mediterranean Shipping Company (MSC) has inked a five-year partnership deal with the Global Centre for Maritime Decarbonisation (GCMD) MSC becomes the
SINGAPORE : THE Alliance has stopped rerouting ships around the Cape of Good Hope on the Asia-Europe route. The rerouting was a temporary measure as sailings were blanked in
HAMBURG : German ocean carrier Hapag-Lloyd announced the addition of a new service in Asia that will have flexible port coverage. This new service, Vietnam Indonesia Straits (VIS),
SHANGHAI : Cosco Shipping Holding has newly opened-up a Far East-South America East Service from Yangpu International Container Terminal in Hainan Province. The new service covers major Brazilian
TOKYO : Mitsui O.S.K. Lines, Ltd. announced that renovation work on the 9th and 10th floors of its Head Office building in Tokyo, which began last August, was
RIYADH : The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port to the IMX service run by a maritime consortium that includes Qatar-based shipping
SINGAPORE : Ocean Network Express Pte. Ltd (ONE) announces that it has ordered 10 large new container vessels with a carrying capacity of over 13,700 TEU to be