Red Sea attacks force firms to test new land routes via UAE and Saudi Arabia
YEMEN : An Israeli software startup and one of the world’s biggest shipping lines are among companies that for the first time are opening up commercial trade routes
TN Govt inks pact with Hapag-Lloyd for setting up container terminals logistics parks
THOOTHKUDI : The Tamil Nadu Government has secured a commitment from German container shipping company Hapag-Lloyd to invest Rs 2,500 crore for the development of container terminals and
Evergreen Marine and X-Press Feeders sign MOA for launch of Green Shipping Routes in Europe
HAMBURG : Global container shipping line Evergreen Marine Corporation (Evergreen) has signed a memorandum of agreement (MOA) with X-Press Feeders, the world’s largest independent common carrier, to place
New shipping route connecting China and Russia is officially open
BEIJING : With a cargo ship recently departing for Jingjiang Port in east China’s Jiangsu Province after unloading nearly 20,000 tons of Russia-imported coal at Longkou Port in
Dry bulk watches Evergrande liquidation after 16.5% drop in real estate investment : BIMCO
LONDON : “China’s property market is estimated to account for approximately 35% of the country’s steel demand. It is an important driver for economic growth and raw materials
Red Sea Crisis : Surge in Ocean Freight Rates Outpaces COVID-19
OSLO : Houthi attacks on shipping have triggered a sharp rise in ocean freight rates, surpassing the speed of increase experienced during the initial phase of the Covid-19 pandemic, reports
CMA CGM signs to retrofit container vessel for methanol
MARSEILLE : On January 30, Beihai Shipbuilding and CMA CGM signed a contract for a methanol dual-fuel retrofit project for a container vessel. CMA CGM had also reportedly entered
Bluewater, Veracity by DNV, and Clearlake Shipping forge Innovative Emissions Data posting partnersh
SINGAPORE: Bluewater, a leading maritime solutions provider, is pleased to announce a transformative partnership with Veracity by DNV, a trusted maritime emissions cloud under the classification society DNV.
Maritime Single Window – advancing digitalization in shipping : IMO
LONDON : IMO video highlights importance of the Maritime Single Window for trade by sea. This year 2024 marks a milestone in the acceleration of digitalization in shipping
Hapag-Lloyd sees financial figures decline amid slight box volume increase
HAMBURG : German ocean carrier Hapag-Lloyd reported a significant decrease in earnings in the 2023 financial year, while its container volumes saw a slight uptick. According to preliminary