Dry Bulk Market – Challenging Week for Capesizes : Baltic Exchange
LONDON : The capesize market started the week on a sluggish note with the PPA conference in Perth creating a quieter atmosphere, leading to reduced trading volumes in
Maersk’s woes signal slow-motion industry crash
COPENHAGEN : Shipping giant A.P. Moller-Maersk is battling choppier seas. the $23 billion Danish firm revealed a 94% profit plunge in the third quarter. Boss Vincent Clerc is not
Panama Canal traffic is being throttled by climate change impact
CAIRO : The Panama Canal doesn’t have enough water. A lack of rainfall, blamed on climate change, is leading to a steady decline in water levels on the
14 methanol-powered ships ordered in October
HAMBURG : A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line
Israel-Hamas War rocket attacks are leading oil tankers to make unusual moves near ports
HAIFA : Oil tankers in the Red Sea are taking unusual actions amid the Israel-Hamas war, shutting off their global tracking transponders — called Automatic Identification Systems (AIS)
‘No U.S. military aid to Israel,’ say protesters as they block ship at Port of Oakland
OAKLAND : Activists opposed to Israel’s war against Hamas temporarily blocked a U.S. military vessel from departing the dock at the Port of Oakland Friday, believing it was
PSA Italy wins at prestigious Italian Terminal and Logistics Awards
PIACENZA : PSA Italy was named ‘Best Port/Terminal Operator’ at the fifth edition of the Italian Terminal and Logistics Awards (ITALA)! The awards ceremony took place on 6
Hapag-Lloyd raises rates from California to Indian Subcontinent and Middle East
HAMBURG : Hapag-Lloyd has announced a General Rate Increase (GRI) from the US West Coast to Indian Subcontinent and Middle East for cargo transported in 20’ and 40’
CMA CGM applies new FAK rates from Asia to North Europe
MARSEILLE : Marseille-based container line CMA CGM has announced new Freight All Kinds (FAK) rates from all Asian ports, including Japan, South East Asia and Bangladesh, to all
Emirates Shipping Line to commence Far East Africa Express service
HONG KONG : Emirates Shipping Line (ESL) announced the launch of the Far East Africa Express (FAX) service connecting major ports in China with Mombasa in Kenya and
