Cyprus pushes for EU support over shipping industry sanctions impact
NICOSIA : Cyprus is speaking to other European Union member states to shore up support for the shipping industry hit by sanctions on Russia, the country’s Shipping Minister
ZIM names its new 15,000 TEU LNG container vessel ‘ZIM SAMMY OFER’
SEOUL : A celebratory naming ceremony was held at the Samsung Heavy Industries (SHI) shipyard in South Korea for the new 15,000 TEU LNG-powered container ship, ZIM SAMMY
Guyana’s shore base project could cut shipping costs by about 12%
GEORGETOWN : Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations the shore base will help reduce shipping costs for supplies
WLP pens logistics partnerships to boost Thailand trade
DUBAI : Dubai-based World Logistics Passport (WLP) has signed two Memorandum of Understanding (MoUs) with the Thai Logistics Service Provider Federation (TLSPF) and the Thai National Shippers’ Council
ONE’s new service to link Israel with Egypt
SINGAPORE : Ocean Network Express (ONE) has decided to launch the Israel Express (ILX) service, a new weekly Israel shuttle service, connecting Israel with the port of Damietta
Empty containers pile up at global ports as trade slows
SHANGHAI : Empty containers are piling up at major ports around the world as slowing economies weigh on shipping demand. In the week of Feb. 5, the CAx
CIMC confirms order of ten new LNG dual-fuel container ships from MSC
GENEVA : Chinese manufacturer China International Marine Containers (CIMC) has reportedly confirmed a new order from MSC for ten LNG dual-fuel container vessels with a capacity of 11,500
MSC introduces ID-based container pick-up
GENEVA : Mediterranean Shipping Company (MSC) has announced the launch of ID-based container pick-up. This decision came after a successful test phase with Van Moer Logistics and MSC
Drewry: World Container Index Down 2% This Week
LONDON : Drewry’s composite World Container Index decreased by 2% to $1,954.64 per 40ft container this week. Our detailed assessment for Thursday, 16 February 2023 The composite index
Baltic index falls for seventh straight week
LONDON : The Baltic Exchange’s main sea freight index edged higher on Friday but declined for the seventh straight week on lower demand for larger vessels, while the