February 27, 2024
March 19, 2026
February 27, 2024
CMA CGM gets approval from EC to acquire Bolloré Logistics
MARSEILLE : The European Commission (EC) has approved the proposed acquisition of compatriot transport and logistics firm Bolloré Logistics by French shipping major CMA CGM. The approval is conditional upon full compliance with the
February 27, 2024
Panama Canal revenues up 14.9% in 2023 despite transit restrictions
PANAMA CITY : Panama Canal’s revenues increased by 14.9% to $4.97 billion in 2023, despite handling less cargo due to draught and transits restrictions caused by drought. While revenues were Panama Canal only 511.1 million PC/UMS
February 26, 2024
US warns of environmental disaster from cargo ship hit by Houthi rebels
WASHINGTON : A cargo ship abandoned in the Gulf of Aden after an attack by Yemeni rebels is taking on water and has left a huge oil slick, in an environmental disaster that US Central Command said Friday could get worse.Rubymar, a Belize-flagged, British-registered and
February 24, 2024
Impact to global trade of disruption of shipping routes in the Red Sea, Black Sea and Panama Canal – UNCTAD rapid assessment
GENEVA : This UNCTAD rapid assessment looks into the situation of interntional shipping amid disruptions that have the potential to reshape global maritime networks and reconfigure the world trading map. Two months into 2024,
February 24, 2024
New freighters could ease Red Sea cargo disruptions
YEMEN : After the Houthi militians started attacking container ships in the Red Sea last year, the cost of shipping goods from Asia soared by over 300%, prompting fears that supply chain disruptions might once again
February 24, 2024
FMC tightens rules on charging container late fees
WASHINGTON D.C. : The Federal Maritime Commission has imposed new billing standards on ocean carriers and terminal operators in an effort to crack down on abusive container late fees. The new requirements focus on demurrage —
February 23, 2024
MSC is opening new feeder service between Paradip and Colombo
GENEVA : Mediterranean Shipping Co. (MSC) has inked a deal to start a feeder service between Paradip Port (PPT), a major gateway on India’s east coast, and Sri Lanka’s Colombo Port. The service is
February 23, 2024
SeaLead launches FIX2 Service to boost trade links between China and India
SINGAPORE : SeaLead, a fast-growing global shipping line, today announced the launch of its latest service, the Far East India Express 2 (FIX2). This service underlines SeaLead’s commitment to broadening its network and promoting
February 22, 2024