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April 11, 2024

Baltic index extends decline as larger vessel rates dip

International Shipping, Logistics, Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a fourteenth consecutive session on Tuesday as rates for the larger vessel segments slipped. The
April 11, 2024

ClassNK approves 3D basic design drawings of Multi-Purpose Container Carrier developed by NYK Line

International Shipping, Maritime, Shipping Line, Technology, Trending News
TOKYO : ClassNK has granted approval to the basic design drawings of a multi-purpose container carrier developed by Nippon Yusen Kabushiki Kaisha (NYK Line) utilizing 3D models. This milestone marks the world’s first ocean-going
April 10, 2024

Maersk resumes Panama Canal transit service as rainy season approaches

International Shipping, Export - Import, Logistics, Shipping Line, Trade, Trending News
COPENHAGEN : AP Moller-Maersk will resume Panama Canal transits on an east-west service that was suspended because of low water levels. Panama Canal increases transits again as Red Sea still in crisis. It will
April 10, 2024

ZIM overtakes Yang Ming in global liner rankings

International Shipping, Logistics, Shipping Line, Trade, Trending News
HAIFA : Israeli ocean carrier ZIM received the 15,248 TEU container ship ZIM Mount Vinson on 3 April, the last unit in the series of 10 same-size vessels built by Samsung H.I. for Seaspan.
April 10, 2024

CMA CGM updates FAK rates from Asia to North Europe

International Shipping, Export - Import, Logistics, Shipping Line, Trade, Trending News
MARSEILLE : French container carrier CMA CGM has unveiled updated Freight All Kinds (FAK) rates, effective from 15 April (loading date), until further notice from Asia to North Europe. 20’GP 40’GP/40’HC/40’REEFER Asia to North
April 10, 2024

Maersk announces new surcharges from Indonesia, Malaysia and Singapore to Africa

Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
COPENHAGEN : Maersk has announced updated and new peak season surcharges from Indonesia, Malaysia and Singapore to several African destinations. Maersk will increase its Peak Season Surcharge (PSS) for shipments from Indonesia, Malaysia and
April 10, 2024

Hambantota International Port commences container operations

International Shipping, Foreign Ports, Logistics, Shipping Line, Trade, Trending News
COLOMBO : In a landmark move, the Hambantota International Port (HIP) commenced its inaugural container transshipment service operated by the Mediterranean Shipping Company (MSC). MV ‘MSC Ingrid’ made her maiden call at HIP on
April 10, 2024

US may revoke Houthi Terrorist label if they STOP Red Sea Ship attacks

International Shipping, Defence, Logistics, Maritime, Trade, Trending News
NEW YORK : The United States (US) said it would consider revoking its recent label of Yemen’s Houthis as terrorists if the Iran-backed militants cease their shipping attacks in and around the Red Sea.
April 10, 2024

Houthi rebel fired missiles at MSC and Borealis ships

International Shipping, Foreign Ports, Logistics, Maritime, Shipping Line, Trade, Trending News
SANAA : Two of MSC vessels and a boxship owned by UK tonnage provider Borealis Maritime were hit by Houthi missiles in the Red Sea on 6 April, as the rebels restarted attacks after
April 10, 2024

UK launches $1.89 mn initiative for zero-emission maritime routes

International Shipping, Foreign Ports, Maritime, Trending News
LONDON : UK Maritime Minister Lord Davies recently unveiled in Wales the bidding process for the £1.5 million (~$1.89 million) funding aimed at setting up zero-emission shipping routes to and from the United Kingdom.
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