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April 29, 2024

Drewry Dry Bulk Equity Index down 3.9% last month

International Shipping, Shipping Line
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
April 27, 2024

India-Bound oil tanker hit by missiles in Red Sea, say Yemen’s Houthis

International Shipping, Maritime, Trending News
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
April 27, 2024

After a month of Baltimore bridge collapse,first commercial ships sail through Baltimore’s deep-draft channel

International Shipping, Foreign Ports, Trending News
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
April 27, 2024

US sanctions over dozen firms, including 3 from India, for ties with Iran

International Shipping, Business, COMMERCE, Defence, Global Trade, Maritime, Trade, Trending News
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.
April 27, 2024

Obscure law may force cargo owners to share ship salvaging cost in Baltimore Bridge accident

International Shipping, Maritime, Trending News
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
April 27, 2024

MSC engages in Breakbulk Europe 2024

Logistics, International Shipping, Trending News
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
April 27, 2024

OOCL launches Transpacific Latin Pacific 5 (TLP5) to offer express linkage between Asia and Mexico

International Shipping, Shipping Line, Trending News
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
April 27, 2024

Unfair treatment of seafarers growing : IMO Secretary General

Maritime, International Shipping, Trending News
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
April 27, 2024

Red Sea crisis puts China-Europe freight rail in spotlight

Logistics, International Shipping, Railway, Trending News
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
April 26, 2024

Four seafarers missing after cargo ship hits bridge in China

International Shipping, Trending News
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,
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