March 19, 2026
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March 5, 2024

BIMCO : Tanker Market strengthens despite slowing oil demand growth

International Shipping, Tanker, Trending News
LONDON : Supply/demand balance For crude tankers, we forecast that the supply/demand balance will tighten further during both 2024 and 2025. Low fleet growth, along with increasing sailing distances, create the foundation for the
March 4, 2024

UK ship sunk by Houthis “Environmental Catastrophe” for Red Sea : Yemen

International Shipping, Maritime, Trending News
YEMEN : The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen‘s internationally recognised government said on Saturday, warning of an “environmental catastrophe” from the ship’s cargo of
March 4, 2024

India seizes Karachi-bound ship carrying nuclear cargo

International Shipping, Maritime, Trending News
MUMBAI : The Karachi-bound ship seized by Indian agencies in Mumbai was “carrying commercial” goods and not machines for a nuclear programme, Pakistan claimed on Sunday, a day after Indian officials revealed details of the seizure.
March 4, 2024

Maersk issues warning on prolonged Red Sea disruptions, supply chain challenges

Export - Import, International Shipping, Logistics, Maritime, Shipping Line, Trade, Trending News
COPENHAGEN : Maersk, a key player in the global shipping industry, has issued a cautionary note, indicating that disruptions to container shipping through the Red Sea may extend into the second half of the
March 4, 2024

Bahri wins Guinness World Record for largest mobile desalination plant

Logistics, Company, International Shipping, Maritime, Trade, Trending News
RIYADH : Bahri Desalination, a specialized business unit of the National Shipping Company of Saudi Arabia (Bahri), the global shipping and logistics leader, has established a new milestone in seawater desalination production, reinforcing its
March 2, 2024

PSA International welcomes new Group CEO, Ong Kim Pong

International Shipping, Logistics, Maritime, Ports, Trade, Trending News
SINGAPORE : Mr Kim Pong ONG has assumed the position of PSA International Group CEO on 1 March, and is a member of its Board. PSA is a leading global port operator and supply
March 2, 2024

Hapag-Lloyd increases rates from North Europe and Mediterranean

Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
HAMBURG : Hapag-Lloyd has unveiled new ocean tariff rates for shipments from North Europe to destinations including India, Pakistan, the Red Sea, and the Arabian Gulf. The updated rates will apply for 20’ and
March 2, 2024

Emirates Shipping Line strengthens its Far East/Middle East service network

Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
DUBAI : Emirates Shipping Line (ESL) has announced the introduction of its new COSMOS (CMX) service and the enhancement of its existing GALEX (GLX) service aiming to optimize transit times and increase frequency between
March 2, 2024

Empty container movements surge by 20% : Sea Intelligence

Container, Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
COPENHAGEN : Utilizing data from Container Trade Statistics (CTS) on the movement of full containers between regions, Sea-Intelligence estimated the corresponding trends in empty container movements. Empty container volumes, when compared to 2019 levels
March 2, 2024

Red Sea crisis puts Transpacific contract negotiations in the balance

International Shipping, Global Trade, Trending News
OSLO : Container rate negotiations on the Transpacific are about to begin in earnest, but Xenata believes shippers and carriers both have strong hands and that will make discussions long and complex. As negotiations
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