April 26, 2024
May 9, 2026
April 26, 2024
Hapag-Lloyd one step closer to 100% eBL adoption
HAMBURG : German container shipping giant Hapag-Lloyd has decided to adopt IQAX eBL to issue electronic bills of lading (eBL) over Global Shipping Business Network’s (GSBN) infrastructure. As explained, the decision reinforces Hapag-Lloyd’s commitment
April 26, 2024
Attacks on Red Sea shipping forces 66% decline in Suez Canal traffic – ONS
NEW PORT : Shipping traffic through the vital Suez Canal artery in Egypt has plunged by 66% since cargo was forced to divert due to attacks on vessels by Houthis, according to official figures.
April 26, 2024
Baltic index down for 4th day as larger vessel rates dip
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecutive session on Thursday, pressured by lower rates for the larger vessel segments.
April 26, 2024
Dry Bulk shipping fundamentals seen improving moving forward : BIMCO
LONDON : We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow
April 25, 2024
MSME exporters are worst hit due to increased freight charges and doubled turnaround time
NEW DELHI : The prolonged Russia-Ukraine and Iran-Israel conflicts coupled with the economic instability in American and European markets have had a crippling impact on the MSME sector. Increased freight charges, doubled turnaround time
April 25, 2024
US-led forces intercept Houthi missile and drones targetting ‘MV Maersk Yorktown’
WASHINGTON : A coalition vessel successfully engaged one anti-ship ballistic missile launched from the Iranian-backed Houthi “terrorist-controlled areas” in Yemen over the Gulf of Aden, the US Central Command said on Thursday. “The
April 25, 2024
FMC refuses to comment on contradictory D&D rules claim
WASHINGTON D.C. : The Federal Maritime Commission (FMC) has refused to comment on claims by the World Shipping Council (WSC) that its interpretive rule on detention and demurrage (D&D) charges is contradictory. On 18
April 25, 2024
370 tonnes of imported potatoes still wait for unloading at Benapole
DHAKA : Around 370 tonnes of potatoes, which are waiting to be unloaded four days after being imported from India have started to rot, due to severe heat sweeping across the country in Bangladesh.
April 25, 2024