Maersk will avoid Red Sea despite EU security operation
COPENHAGEN : Maersk said on Friday it was too early to resume sailings through the Red Sea due to a continued elevated risk level, despite an initiative by
COPENHAGEN : Maersk said on Friday it was too early to resume sailings through the Red Sea due to a continued elevated risk level, despite an initiative by
QATAR : QatarEnergy announced in a statement that it has signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25 conventional-size LNG
RIYADH : Bahri Line has continued its venture into the niche multipurpose sector with the addition of an MPP to its fleet. The company said it has added
LONDON : The Baltic Exchange’s main sea freight index fell to over a three-week low on Monday, weighed down by weakness in the capesize and panamax vessel segments.
LONDON : Drewry’s World Container Index decreased by 5% to $3,010 per 40ft container this week.
LONDON : The MEPC 81 meeting concluded on 22nd March 2024, further clarifying the risk and opportunity both for the international shipping value chain’s commercial decision making, and
SINGAPORE : PSA International has reported earnings of $1.46 billion for the FY2023 ended Dec 31, 2023, down 6.3% compared to its $1.56 billion earnings in FY2022. For
LONDON : IMO has agreed on an illustration of a possible draft outline of an “IMO net-zero framework” for cutting greenhouse gas emissions (GHG) from international shipping. This
YEMEN : Houthi rebels here—who have been attacking ships passing through the Red Sea in an apparent show of support for Hamas in the Israel-Hamas War—have reached a
GENEVA : Shippers and forwarding organisations are calling for enhanced data quality and information exchange globally to facilitate the effective implementation of regulatory changes brought by the European Union’s