May 27, 2024
May 9, 2026
May 27, 2024
NYK presents its decarbonization strategy at forum hosted by ADB
MANILLA : Nippon Yusen Kabushiki Kaisha (NYK) participated for the first time in the “Asia and the Pacific Transport Forum” hosted by the Asian Development Bank in Manila, Philippines, on May 17. At the
May 25, 2024
IMO condemns “illegal, unjustifiable” attacks on ships in Red Sea
LONDON : IMO Member States call for an immediate end to ongoing attacks on ships and seafarers transiting through the Red Sea and Gulf of Aden. Member States of the International Maritime Organization (IMO)
May 25, 2024
Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
COPENHAGEN : A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the longer transits
May 25, 2024
Red Sea crisis: Container shortage & soaring shipping costs drive up cost of white goods
KIEL (GERMANY) : The ongoing conflict in West Asia, particularly in the Red Sea region has severely impacted global shipping, causing a significant increase in sea freight costs and disrupting the supply chains for
May 25, 2024
Global spot rates soar on Major Asia-Europe and Asia-US trades
LONDON : A combination of factors have combined to send global spot rates reaching for the skies onthe major trades out of Asia to Europe and the US according to Drewry Shipping Consultants’ latest
May 24, 2024
HMM’s methanol-powered ships to ply world’s first green shipping route
SEOUL : South Korea is pursuing an ambitious project to launch the world’s first green shipping route. And 9,000 TEU methanol-fueled container ships being built by the country’s flagship carrier HMM is expected to
May 24, 2024
CMA CGM announces ESS from the Middle East Gulf to worldwide
MARSEILLE : CMA CGM has announced an Emergency Space Surcharge (ESS/FRT59) effective from 5 June 2024, until further notice, applicable for shipments originating from the Middle East Gulf to North Europe (including Scandinavia, Baltic
May 24, 2024
MSC rotation change of Swan Service from Asia to North Europe
GENEVA : MSC has decided to revise the rotation of its Swan service, connecting Asia with North Europe and Scan Baltic regions. The rotation will now include the Port of Hamburg, providing a complementary
May 24, 2024