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August 12, 2024

Global trade conditions continue to deteriorate in July

Export - Import, Business, COMMERCE, Global Trade, International Shipping, Trending News
NEW YORK : The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade continued to deteriorate headed into the second half of 2024. The seasonally adjusted Global
August 12, 2024

Drewry: World Container Index Down 3% Last Week

International Shipping, Container, Shipping Line, Trade, Trending News
LONDON : Drewry’s World Container Index decreased 3% to $5,551 per 40ft container last week. Drewry’s detailed assessment for Thursday, 08 August 2024 The latest Drewry WCI composite index of $5,551 per 40ft container
August 12, 2024

Baltic index set for first weekly gain in four 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 four on Friday, helped by higher rates for capesize vessel segments. The overall index, which factors in rates for
August 10, 2024

Legendary Cricketer Sourav Ganguly joins Blue Ocean Corporation’s Member of Board

International Shipping, Company, Global Trade, Supply Chain, Trending News
MUMBAI : Former India cricket captain and Chairman of the ICC Cricket Committee, Mr. Sourav Ganguly is now set to bring his leadership and strategic acumen to the boardroom of the leading consulting and
August 10, 2024

MSC enhances Asia-Middle East trade network

International Shipping, Shipping Line, Trade, Trending News
GENEVA : MSC has launched a new standalone service, Clanga, reinforcing its ongoing commitment to providing an extensive network of direct port pair connectivity to address the challenges of port congestion in the Middle
August 10, 2024

Container explodes on Yang Ming ship in Ningbo

International Shipping, Foreign Ports, Maritime, Trending News
NINGBO : One of Yang Ming Marine Transport’s ships suffered an explosion on 9 August around 1.40 pm local time, while berthed in Ningbo, China. Video footage taken by office workers in a nearby
August 10, 2024

Houthis target container ship & 2 U.S. Navy destroyers using drones & missiles

International Shipping, Maritime, Trending News
The Yemeni Houthis have claimed responsibility for the attack on the Liberian-flagged container ship Contship Ono in the Red Sea and two U.S. Navy destroyers, the Cole and the Laboon, in the Gulf of
August 10, 2024

Female NYK Executive participates in Regional Summit hosted by UN Global Compact

International Shipping, Global Trade, Trending News
TOKYO : NYK Executive Officer Yuko Tsutsui participated in a panel discussion at the regional flagship event “Forward Faster Now | Asia & Oceania”* held by the United Nations Global Compact (UN Global Compact)**
August 9, 2024

MSC achieves record market share in Container Shipping

International Shipping, Shipping Line, Trending News
GENEVA : MSC has reached an unprecedented market share of 19.8%, the highest ever recorded by a carrier, according to Alphaliner. The Geneva-based carrier has added about 400,000 TEU to its fleet this year,
August 9, 2024

World’s largest sailing cargo ship of modern history to set sail

International Shipping, Maritime, Transport, Trending News
LONDON : Anemos, the world’s largest sailing cargo ship, has set sail on its inaugural voyage from Concarneau, South Brittany. The pioneering vessel, developed by TransOceanic Wind Transport (TOWT) and built by the PIRIOU
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