August 9, 2024
May 10, 2026
August 9, 2024
King Abdulaziz Port sets record with 20,645 containers handled on single ship
RIYADH : Saudi Arabia’s maritime sector is experiencing significant expansion, highlighted by the King Abdulaziz Port in Dammam achieving a milestone in container handling. The port recently set a new record by managing 20,645
August 9, 2024
Container ship newbuilds reach post-Covid high
Boxship newbuilding orders have burst back into life as the Red Sea crisis has caused freight and charter rates to reach levels not seen since the Covid-19 pandemic. Clarksons stated that 89 container vessels,
August 9, 2024
India’s crude oil imports from Russia surge 1000%
NEW DELHI : India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This marks a staggering 1000% increase compared to
August 8, 2024
Launch of FEDERALBOXX in India : The World’s First Unified Digital Networking Shipping Platform
NEW DELHI : FEDERALBOXX announce the launch of their services in India. FEDERALBOXX is the world’s first unified digital networking shipping platform. This revolutionary platform is set to transform the global shipping industry by
August 8, 2024
Maersk continues with fleet renewal plan
COPENHAGEN : In continuation of its fleet renewal programme initiated in 2021, A.P. Moller – Maersk is in the process of signing newbuilding orders and time-charter contracts for dual-fuel vessels matching the planned renewal
August 8, 2024
Iran releases all Filipino crew members from seized container ship MSC Aries
All Filipino crew members aboard the Portuguese-flagged MSC Aries, seized by Iranian officials, have safely returned home. The Philippines’ Department of Migrant Workers (DMW) confirmed the return of the final three Filipino crew members
August 8, 2024
Middle East Crisis: What could be the impact on the tanker market?
NEW YORK : Middle East tensions and a threat of war escalating is definitely on the cards, after recent events. But, unlike recent examples, it seems that this time around oil prices aren’t going
August 8, 2024
US volumes break 2.5 million TEU mark in July; Imports from China set record high
WATERLOO : According to Descartes Systems Group’s latest Global Shipping Report, July container volumes into the United States were the third highest on record, eclipsed only by the first- and second-highest volumes in May
August 8, 2024