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August 19, 2024

Baltic set for first weekly gain in five on strong capesize demand

International Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s main sea freight index marked its first weekly gain in five on Friday, helped by higher rates for capesize vessel segment. * The overall index .BADI, which factors in
August 17, 2024

PIL expands Intra Asia coverage with new China Chittagong Express (CCE)

International Shipping, Shipping Line, Trade, Trending News
SINGAPORE : Pacific International Lines (PIL) is pleased to introduce a new weekly direct service connecting key ports in China and Bangladesh. The new service, known as China Chittagong Express (CCE), will commence on
August 17, 2024

COSCO SHIPPING Lines secures TISAX Certification

International Shipping, Shipping Line, Trending News
SHANGHAI : COSCO SHIPPING Lines officially secured the TISAX (Trusted Information Security Assessment Exchange) certification, indicating that the company meets European Union (EU) automotive industry standards for information security risk control. The TISAX certification
August 17, 2024

Hapag-Lloyd raises rates from Asia to Latin America

International Shipping, Shipping Line, Trade, Trending News
HAMBURG : Hapag-Lloyd has announced a new General Rate Increase (GRI) from Asia to the West Coast of South America, Mexico, Central America and the Caribbean. This GRI will apply to cargo transported in
August 17, 2024

Speakers confirmed for TACC Climate Change Conference

International Shipping, Global Trade, Maritime, Trending News
DUBAI : Taking place on Thursday, 26th September 2024, at Saadiyat Rotana Resort and Villas, Saadiyat Island, Abu Dhabi, the TMS Transportation and Climate Change Conference (TACCC) is a key event for industry leaders
August 17, 2024

US targets LPG ships in latest sanctions aimed at Houthis, Hezbollah

International Shipping, Defence, Maritime, Trending News
WASHINGTON D.C. : The US Department of the Treasury announced a fresh round of sanctions on companies, ships and one individual involved in trading Iranian oil and LPG used to finance the Houthi rebels’
August 17, 2024

Final Line-Up announced for the Nautical Institute’s 2024 Annual Conference

International Shipping, Foreign Ports, Maritime, Trending News
SINGAPORE : The Nautical Institute (Singapore Branch) is pleased to announce the final speaker line-up and agenda for its 2024 Annual Conference, a cornerstone event at the Singapore Safety at Sea Week. This year’s conference, themed
August 16, 2024

Asyad Line expands Far East Express service catering for trade growth and sustainability in Asia-GCC corridor

International Shipping, Shipping Line, Trade, Trending News
MUSCAT : Asyad Line, part of Asyad Group, is expanding its reach in Asia with a significant enhancement of its Far East Express (FEX) service. Starting August 2024, the upgraded pendulum service will offer
August 16, 2024

Hapag-Lloyd falls short of US$800 million profit in first half

International Shipping, Export - Import, Shipping Line, Trade, Trending News
HAMBURG : Hapag-Lloyd concluded the first half year of 2024 with a Group EBITDA of USD 2 billion (EUR 1.8 billion). The Group EBIT decreased to USD 0.9 billion (EUR 0.8 billion) and the
August 16, 2024

Maersk launches third methanol-fueled vessel

International Shipping, Maritime, Trending News
COPENHAGEN : Antonia Mærsk, the third large dual-fuel vessel in the fleet capable of operating on green methanol, was officially unveiled on 9 August in Aarhus, Denmark. As recently announced, Maersk is advancing its fleet
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