April 27, 2024
March 18, 2026
April 27, 2024
Red Sea crisis puts China-Europe freight rail in spotlight
BEIJING : More and more freight forwarders have turned to the China-Europe Railway Express (CRE), an extensive network of rail services connecting China and Europe, as a transportation alternative amid the Red Sea crisis, which has disrupted
April 26, 2024
Four seafarers missing after cargo ship hits bridge in China
FOSHAN : Four crewmen of a Chinese domestic cargo ship are missing after the vessel hit Jiujiang Bridge in Foshan in China’s Guangdong province on 22 April. The ship, whose name was not released,
April 26, 2024
MSC strengthens UK West Coast – East Med Service
GENEVA : Swiss/Italian box carrier MSC has extended its UK west coast – East Mediterranean service to the port of Greenock in Scotland. The service connecting Turkey with the UK West Coast and the
April 26, 2024
Hapag-Lloyd one step closer to 100% eBL adoption
HAMBURG : German container shipping giant Hapag-Lloyd has decided to adopt IQAX eBL to issue electronic bills of lading (eBL) over Global Shipping Business Network’s (GSBN) infrastructure. As explained, the decision reinforces Hapag-Lloyd’s commitment
April 26, 2024
Attacks on Red Sea shipping forces 66% decline in Suez Canal traffic – ONS
NEW PORT : Shipping traffic through the vital Suez Canal artery in Egypt has plunged by 66% since cargo was forced to divert due to attacks on vessels by Houthis, according to official figures.
April 26, 2024
Baltic index down for 4th day as larger vessel rates dip
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecutive session on Thursday, pressured by lower rates for the larger vessel segments.
April 26, 2024
Dry Bulk shipping fundamentals seen improving moving forward : BIMCO
LONDON : We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow
April 25, 2024
MSME exporters are worst hit due to increased freight charges and doubled turnaround time
NEW DELHI : The prolonged Russia-Ukraine and Iran-Israel conflicts coupled with the economic instability in American and European markets have had a crippling impact on the MSME sector. Increased freight charges, doubled turnaround time
April 25, 2024