June 3, 2024
March 19, 2026
June 3, 2024
Drewry: World Container Index up 151% on a Yearly Basis
LONDON : Drewry’s World Container Index increased 4% to $4,226 per 40ft container last week. Ocean spot market freight rates against 790 global port pairs
June 3, 2024
Baltic Index logs monthly rise on strong Capesize demand
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose on Friday, marking a monthly gain, supported by increasing demand for the capesize vessel segment. The
June 1, 2024
Ship ‘Laax’ attacked by Yemen’s Houthi rebels was full of grain bound for Iran, group’s main benefactor
DUBAI : A Greek-owned, Marshall Islands-flagged bulk carrier that came under attack by Yemen’s Houthi rebels this week had a cargo of grain bound for Iran, the group’s main benefactor, authorities said Thursday. The attack on the
June 1, 2024
ONEX SHIPYARDS joins Green Award to provide incentives to frontrunner shipping companies
ROTTERDAM : Green Award Foundation proudly announces that ONEX Shipyards has joined us to provide incentives to our certified shipping companies who are at the forefront in demonstrating exemplary responsibility in ensuring the safety
June 1, 2024
ClassNK releases ‘Guidelines for Ships Using Alternative Fuels (Edition 3.0)’
TOKYO : ClassNK has released the ‘Guidelines for Ships Using Alternative Fuels (Edition 3.0)’. In addition to safety requirements for ships using methanol, ethanol, LPG, and ammonia as fuel, this edition newly adds requirements
May 31, 2024
Shipping delays, higher freight rates: Ports in Asia, including Singapore, see heavy congestion
SINGAPORE : Shipping delays in Singapore have more than doubled in recent weeks, which observers said could mean higher prices for consumers. This comes as a shortage of container ships as well as port
May 31, 2024
The $10,000 Shipping Container Looms in Latest Trade Strains
CALIFORNIA : Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current spot rates, according to prices circulating between carriers and
May 31, 2024
The Heavy Lift Group re-elects executives driving growth
TORONTO : The Heavy Lift Group has re-elected three key executive committee members and appointed a new member in its ‘stand by’ post to provide cover in reserve, in moves signalling the specialized international
May 31, 2024