Baltic index rises as capesize segment logs gains
LONDON : The Baltic Exchange’s main sea freight index rose on Friday, supported by a strong rise in the capesize vessel segment. The index, which factors in rates
Hapag-Lloyd CEO expects shipping strength to continue
HAMBURG : Hapag-Lloyd’s CEO said on Thursday he expects continued strength in container shipping volumes, which are driven by global demand for transporting goods and seen as a proxy for
Cargo vessel from Karachi arrives at Chittagong Port, shows first-ever direct maritime link between
CHITTAGONG : A cargo vessel from Karachi arrived at Bangladesh’s Chittagong Port on Wednesday. The authorities from both sides called it the first-ever direct maritime link between the
Hapag-Lloyd achieves good result in first three quarters of 2024
HAMBURG : Hapag-Lloyd concluded the first nine months of 2024 with a Group EBITDA of USD 3.6 billion (EUR 3.3 billion). The Group EBIT stood at USD 1.9
Ocean Network Express and Seaspan Corporation jointly announce the establishment of ONESEA Solutions
SINGAPORE : Ocean Network Express (ONE) and Seaspan Corporation (SEASPAN) are pleased to announce the establishment of OneSea Solutions Pte. Ltd. (ONESEA), a solutions provider focused on technical ship management and
SeaLead inaugurates New Office in South Korea, A move towards expansion in East Asia
SEOUL : SeaLead, a fast-growing global shipping line, on Thursday inaugurated its office in Seoul, South Korea. This milestone underlines SeaLead’s ambitious growth strategy within East Asia, where
SeaLead unveils ANIDEA Service connecting Far East, West India, and East Africa
SINGAPORE : SeaLead, a fast-growing global shipping line, announced the launch of its revamped service, ANIDEA (Asia and India, East Africa). This rebranded service, which builds upon the
AD Ports Group delivers record revenue of AED 4.66 billion and total net profit of AED 445 million i
ABU DHABI : AD Ports Group, an enabler of integrated trade, transport and logistics solutions, today reported record levels of revenue and profit in Q3 2024 of AED
SAFEEN Group achieves Guinness World Record™️ for most powerful electric tugboat
ABU DHABI : SAFEEN Group, part of AD Ports Group’s Maritime & Shipping Cluster, in collaboration with DAMEN Shipyards Group, has announced that it has achieved a Guinness
Panama Canal says shipping rebound is underway after record drought
PANAMA CITY : After two years of record drought conditions amid a challenging El Nino weather system which decimated vessel transits, the Panama Canal is experiencing a trade rebound. Ricaurte Vásquez, administrator