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
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
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.
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
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
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
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
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
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
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