June 14, 2024
March 19, 2026
June 13, 2024
Ocean freight rates record higher levels in Red Sea crisis
MUMBAI : Ocean freight rates are heading to record high levels with global events like the Red Sea crisis; port congestion especially in the Middle East and Asia regions; container repositioning imbalance – with
June 13, 2024
MSC reinstates Mustang Service between Asia to USWC
GENEVA : MSC is pleased to announce the reinstatement of its Mustang service as of week 28 for departure in Asia. The Mustang service will provide increased capacity and faster transit times between the
June 13, 2024
Saudi Global Ports celebrates 10 million TEUs milestone
RIYADH : Saudi Global Ports (SGP), a member of the PSA Group, recently crossed its 10 millionth TEU milestone in May since the start of its commercial operations in 2015. To commemorate this milestone,
June 13, 2024
Newbuilding prices climb 3% to highest level in 16 years : BIMCO
LONDON : “Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the
June 13, 2024
Port of Salalah announces $300 million container handling expansion
OMAN : The Port of Salalah has announced that it’s $300 million expansion plan is on track, aiming to expand annual container handling capacity from 5 million to 6 million TEU by the end
June 13, 2024
Saudi Red Sea Authority & ECZA Sign a Cooperation Agreement
RIYADH : Saudi Red Sea Authority (SRSA) signed a cooperation agreement with the Economic Cities and Special Zones Authority (ECZA), to cooperate, integrate, and coordinate in facilitating procedures of coastal tourism activities and projects.
June 13, 2024
Berg secures Louis Dreyfus Armateurs propulsion package for wind-assisted Airbus ro-ro vessels
SHANGHAI : BERG Propulsion has won a contract covering the hybrid propulsion solution that ensure three wind-assisted Louis Dreyfus Armateurs (LDA) ro-ro vessels will maximize efficiency regardless of their mode of operation. Following delivery
June 13, 2024
Qupital Welcomes HSBC and Citi as Senior Investors of Securitization Facility
HONG KONG : Qupital, Asia’s leading data-driven fintech platform specializing in supply chain financing solutions for e-commerce businesses, is pleased to announce the successful refinancing of its securitization facility, where HSBC joins Citigroup as
June 12, 2024