May 14, 2024
March 19, 2026
May 14, 2024
COSCO SHIPPING launches new Warehouse in Los Angeles
SHANGHAI : COSCO SHIPPING officially launched its self-operated fulfillment warehouse in the United States. The Chinese company said this expansion of its global warehousing network represents a crucial step towards enhancing its ability to
May 14, 2024
Ships told to reroute in Indian Ocean as Houthi attack range extends : Red Sea crisis
OMAN : A Houthi drone strike on an MSC container ship in the Indian Ocean has led to EU Forces advising shipping to avoid the Western Indian Ocean and the Gulf of Aden. EU
May 13, 2024
CU Lines enhances VGX Service to strengthen Southeast Asia-Middle East trade routes
SHANGHAI : CU Lines has announced an upgrade to its VGX Service, connecting Southeast Asia with major Middle East hubs like Jebel Ali and Dammam. This initiative reflects the company’s commitment to enhancing global
May 13, 2024
Shipping market conditions boost Yang Ming’s first Quarter results
KEELUNG CITY : Yang Ming Marine Transport Corporation (Yang Ming) held its 392nd Board Meeting on 10th May to approve its Q1 financial report of 2024. The consolidated revenues in Q1 totaled NT$ 43.8
May 13, 2024
Maersk suspends Methanol Ship order to Chinese Shipbuilder
COPENHAGEN : Maersk, the world’s second-largest shipping company, has reportedly postponed an order for 15 methanol-powered container ships from a Chinese shipbuilder. The delay is reportedly due to Maersk’s objections to design drawings submitted
May 13, 2024
Baltic dry bulk index logs best week in more than two months
LONDON : The Baltic Exchange’s main sea freight index marked its best week in more than two months on Friday, despite a daily decline attributed to weakness in capesize vessel segment. The overall index,
May 13, 2024
Panama Canal in talks with US LNG producers to increase transit
NEW YORK : The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal’s
May 11, 2024
5 Indian crew members are released from the seized vessel ‘MSC Aries’, by Iran
TEHRAN : The Indian embassy in Iran announced the release of five Indian sailors who were onboard an Israeli-linked vessel seized by Tehran. The sailors have since departed from Iran. The embassy thanked Iranian authorities
May 11, 2024