LONDON : “China’s property market is estimated to account for approximately 35% of the country’s steel demand. It is an important driver for economic growth and raw materials like iron ore, coking coal, wood,
OSLO : Houthi attacks on shipping have triggered a sharp rise in ocean freight rates, surpassing the speed of increase experienced during the initial phase of the Covid-19 pandemic, reports Xeneta, an ocean freight benchmarking firm
MARSEILLE : On January 30, Beihai Shipbuilding and CMA CGM signed a contract for a methanol dual-fuel retrofit project for a container vessel. CMA CGM had also reportedly entered into a contract with Shanghai Waigaoqiao
SINGAPORE: Bluewater, a leading maritime solutions provider, is pleased to announce a transformative partnership with Veracity by DNV, a trusted maritime emissions cloud under the classification society DNV. Bluewater will integrate with the Veracity
LONDON : IMO video highlights importance of the Maritime Single Window for trade by sea. This year 2024 marks a milestone in the acceleration of digitalization in shipping – the mandatory “Maritime Single Window”.
HAMBURG : German ocean carrier Hapag-Lloyd reported a significant decrease in earnings in the 2023 financial year, while its container volumes saw a slight uptick. According to preliminary and unaudited figures, the Hamburg-based company’s
SINGAPORE : Mainline operators which are still offering Red Sea services are configuring their routes to transit the troubled region. Hapag-Lloyd has launched an ad hoc Jeddah Express (JDX) service calling at Tanger Med,
COPENHAGEN : Sea-Intelligence has released the 149th issue of the Global Liner Performance (GLP) report, providing schedule reliability data up to and including December 2023 and covering schedule reliability across 34 different trade lanes
TOKYO : ClassNK has granted its Innovation Endorsement*1 for Products & Solutions to a cyber security solution “Cydome Everlight” developed by Cydome Security LTD. Cydome Everlight is a solution to support ship’s full-scope cybersecurity management
DHAKA : There’s been a more than 30 per cent increase in freight charges and an additional 15 days in sailing time due to ships rerouting away from the Red Sea. Media reports maintained