Kerala Govt declares Liberian ship ‘MSC Elsa-3’ capsize a disaster
THIRUVANANTHAPURAM : The Kerala Government on Thursday declared the wreckage of a cargo ship flying the Liberian flag off the state’s coast a state-specific disaster. The vessel, MSC
Technical failure in ballast management system led to failure of sunk ship: Shipping regulator
KOCHI : Dismissing the sabotage theory behind the capsize of container vessel MSC Elsa 3, the Director General (DG) of Shipping Shyam Jagannathan on Wednesday said the ship
Nine Ports to be connected to Saudi Ports by adding Evergreen’s Shipping Service “ARPG”
RIYADH : The Saudi Ports Authority “Mawani” has announced the addition of Evergreen’s new shipping service “ARPG” to King Abdulaziz Port in Dammam, further strengthening maritime connectivity between
CULines & UGL launch AEM+ Service, strengthening direct connectivity between Asia and Egypt’s
SHANGHAI : CULines and UGL have officially commenced operations in the Mediterranean by launching the new Asia–East Mediterranean Plus (AEM+) Service—a strategic container route linking China’s major ports
Ocean Network Express advances Green Strategy with Ship Recycling Policy and Membership in SRTI
SINGAPORE : Ocean Network Express (“ONE”) has advanced its Green Strategy by implementing a Ship Recycling Policy and joining the Ship Recycling Transparency Initiative (SRTI), reinforcing its commitment to
Mexico prepares for green shipping future as work begins on National Action Plan
The development of Mexico’s National Action Plan (NAP) for maritime decarbonization is officially underway, setting the course for a greener and more resilient shipping future. Spearheaded by the
IMO’s Net Zero Framework sends a clear signal to shipowners to order ammonia dual fuel ships, but
LONDON : A new study released on Thursday, May 29 by UMAS and UCL Energy Institute Shipping and Oceans Research Group, and undertaken for Global Maritime Forum, shows
NorthStandard stays on course despite unsettling year for global P&I
NEWCASTLE : NorthStandard’s 2025 Annual Review reports a steady performance, highlighting the benefits of scale and diversification in an unsettling P&I year. The global marine insurer said escalating
Drewry’s World Container Index increased 10% to $2,508 per 40ft container this week
LONDON : For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. Drewry’s World Container Index increased 10% to $2,508 per 40ft
Container lines profits and margins drop sharply in Q1
TORONTO : John McCown’s Blue Alpha Capital said that the container shipping industry reported a $9.9 billion net profit in the first quarter of 2025. This represents a