CMA CGM applies new overweight surcharges from India
MARSEILLE : French-headquartered box line CMA CGM has announced a new overweight surcharge (OWS) effective from 7 February 2024 until further notice. The surcharge applies to cargo originating
Shipping Number of the Week : Container market grows a modest 0.2% y/y in 2023 as the fleet swells
LONDON : “In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compared to 2019, before the COVID pandemic hit, the market grew 1.5%. Container
Red Sea crisis bites deep for Egypt as Suez Canal fees plummet
CAIRO : Suez Canal toll fees have taken a dive as ships redirect around the Cape of Good Hope, but the diversions have had a mixed impact on
CMA CGM pauses Red Sea transits
MARSEILLE : French container shipping company CMA CGM informed its customers that as from 1 February 2024 and until further notice, all services initially routed via the Red
Maersk commences new ME8 Service between Middle East and Europe
COPENHAGEN : Maersk will launch a new weekly service connecting the Middle East with Europe in mid-February. The new service, called ME8, will sail via the Cape of
ONE introduces world’s first dual-temperature refrigerated container
SINGAPORE : Ocean Network Express (ONE) announced the introduction of the world’s first trial for a dual-temperature refrigerated container featuring Controlled Atmosphere (CA) capabilities, developed in partnership with
Milaha announces a 2% growth in its net profit for 2023, reaching QR 1.03 billion
DOHA : Qatar Navigation Q.P.S.C. (“Milaha”) announced its financial results for the year ended December 31, 2023. Key financial highlights : Milaha Maritime & Logistics’ net profit decreased by
Masdar and CMA CGM sign strategic supply partnership for long-term supply of green alternative fuels
ABU DHABI : Future Energy Company PJSC – Masdar, one of the world’s leading renewable energy companies, and CMA CGM Group, a global player in sea, land, air
Houthis claim new attacks on Red Sea Shipping headed to India
YEMEN : The Houthi Movement in Yemen says it has fired missiles at two ships in the Red Sea, apparently undeterred by US and UK strikes on the
Seven ships carrying fertilisers rerouted from Red Sea so far : Government
NEW DELHI : Indian Government on Tuesday said that seven ships carrying fertilisers have been rerouted from the Red Sea so far due to disturbances. In a written