May 3, 2024
March 18, 2026
May 3, 2024
Unlocking Maritime Futures : International Port & Marine Development Conference to spearhead maritime innovation and collaboration
JEDDAH : In a transformative push for global maritime logistics, the International Port & Marine Development Conference, set for May 6-7, 2024, at the Jeddah Hilton Hotel, emerges as a pivotal arena for ground-breaking
May 3, 2024
Drewry’s World Container Index increased 1% to $2,725 per 40ft container this week
LONDON : The composite index increased 1% to $2,725 per 40ft container this week and has increased by 55% when compared with the same week last year. The latest Drewry WCI composite index of
May 3, 2024
Baltic index edges up on gains in larger vessels
COPENHAGEN : The Baltic Exchange’s dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax vessel rates. The overall index, which factors in rates for capesize, panamax
May 2, 2024
Freight rate fall on trades out of India continues as exporters bet on new fiscal year
MUMBAI : Container freight rates on trades out of India have continued to soften from the Red Sea crisis-driven highs, according to the latest market analysis. On the westbound India-Europe trade, average short-term contract
May 2, 2024
Schedule reliability gradually improves in March 2024 amid Red Sea crisis : Sea Intelligence
COPENHAGEN : Global schedule reliability has begun to improve, with the March 2024 statistic up 1.6 percentage points Month-over-Month (MoM) to 54.6 per cent, according to Sea Intelligence The maritime data company has released
May 2, 2024
MSC set to reign at the top of the liner rankings : Sea Intelligence
GENEVA : Sea-Intelligence’s latest projections indicate that MSC is on track to significantly increase its fleet size, further cementing its position as the world’s largest carrier. The analytic firm highlighted the limitations of a
May 2, 2024
Ocean Network Express announces financial result for FY2023
SINGAPORE : The revenue for FY2023 was US$14,536million, down 50% from the last year, with net profit of US$974million (YoY -US$14,024million). The short-term freight rate market continued to decline due to sluggish cargo movements
May 2, 2024
Hapag-Lloyd Annual General Meeting approves all proposed resolutions
HAMBURG : Hapag-Lloyd AG shareholders approved with the required majority all items on the agenda put to the vote at the Annual General Meeting. This included the appropriation of the net profit and thereby
May 2, 2024