LONDON : In March, the Drewry Dry Bulk Equity Index declined 3.9% and underperformed the S&P 500, which rose 2.3% during the same time. However, the trend reversed in April and the index jumped
LOS ANGELES : Yemen’s Houthis said on Saturday their missiles hit the Andromeda Star oil tanker in the Red Sea, as they continue attacking commercial ships in the area in a show of support
BALTIMORE : The first commercial vessels have started to transit through the limited access channel at the Francis Scott Key Bridge site, in conjunction with scheduled passages for a limited number of commercial vessels
NEW DELHI : The US slapped on Thursday sanctions on over a dozen companies, individuals and vessels, including three from India, for facilitating illicit trade and UAV transfers on behalf of the Iranian military.
BALTIMORE : The maritime accident on March 26 in which the container vessel Dali collided with and brought down Baltimore’s Francis Scott Key Bridge could see the resurrection of an obscure 1851 maritime law on limited
GENEVA : MSC is getting ready for Breakbulk Europe 2024. The event is scheduled to take place from 21 – 23 May at Ahoy Rotterdam and is expected to draw over 10,000 visitors across
SINAPORE : OOCL will launch a new service Transpacific Latin Pacific 5 (TLP5) in our Asia – Latin America network to provide a comprehensive port coverage in the regions. In addition to OOCL’s existing
LONDON : IMO Secretary General Arsenio Dominguez called for the release of the crews of Galaxy Leader and MSC Aries in his opening remarks to the IMO Legal Committee meeting. Dominguez said there was
BEIJING : More and more freight forwarders have turned to the China-Europe Railway Express (CRE), an extensive network of rail services connecting China and Europe, as a transportation alternative amid the Red Sea crisis, which has disrupted
FOSHAN : Four crewmen of a Chinese domestic cargo ship are missing after the vessel hit Jiujiang Bridge in Foshan in China’s Guangdong province on 22 April. The ship, whose name was not released,