May 3, 2024
May 9, 2026
May 2, 2024
Freight rate fall on trades out of India continues as exporters bet on new fiscal year
MUMBAI : Container freight rates on trades out of India have continued to soften from the Red Sea crisis-driven highs, according to the latest market analysis. On the westbound India-Europe trade, average short-term contract
May 2, 2024
Schedule reliability gradually improves in March 2024 amid Red Sea crisis : Sea Intelligence
COPENHAGEN : Global schedule reliability has begun to improve, with the March 2024 statistic up 1.6 percentage points Month-over-Month (MoM) to 54.6 per cent, according to Sea Intelligence The maritime data company has released
May 2, 2024
MSC set to reign at the top of the liner rankings : Sea Intelligence
GENEVA : Sea-Intelligence’s latest projections indicate that MSC is on track to significantly increase its fleet size, further cementing its position as the world’s largest carrier. The analytic firm highlighted the limitations of a
May 2, 2024
Ocean Network Express announces financial result for FY2023
SINGAPORE : The revenue for FY2023 was US$14,536million, down 50% from the last year, with net profit of US$974million (YoY -US$14,024million). The short-term freight rate market continued to decline due to sluggish cargo movements
May 2, 2024
Hapag-Lloyd Annual General Meeting approves all proposed resolutions
HAMBURG : Hapag-Lloyd AG shareholders approved with the required majority all items on the agenda put to the vote at the Annual General Meeting. This included the appropriation of the net profit and thereby
May 2, 2024
Iran-backed Houthi Rebels attack 4 ships in Indian Ocean and Red Sea
CAIRO : Yemen’s Houthis said they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing campaign against international shipping in solidarity with Palestinians against
May 2, 2024
First container ship MSC Passion II arrives since Baltimore’s Francis Scott Key Bridge collapse
BALTIMORE : The first container ship has arrived at the Port of Baltimore a month after the cargo ship Dali lost power and rammed a support column of the Francis Scott Key Bridge, leading to
May 2, 2024
A new wave of car imports set to hit terminals as new vehicle-carriers come on line
BALTIMORE : An expected jump in the number of car-carrying ships is set to flood ports with vehicles, making congestion at terminals even worse, the head of the industry’s biggest shipping line has said.
April 30, 2024