Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat
COPENHAGEN : A.P. Moller-Maersk expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through the Suez
Bahri posts solid growth in first 9 months; net profit up 40%
RIYADH : The National Shipping Company of Saudi Arabia (Bahri), the kingdom’s leading shipping and logistics provider, announced its financial results for the third quarter and the first
Shanghai gears up to build digital, intelligent & green international shipping center
SHANGHAI : Shanghai, an east China business hub, is gearing up to build itself into a digital, intelligent and green international shipping center. Currently, quality shipping-related resources are
Xeneta Shipping Index October 2024: Long term market turns a corner as rates fall
OSLO : The ocean container shipping market turned another corner in October as the Xeneta Shipping Index (XSI®) fell for the first time since June. The Global XSI®,
Egypt reports $6B loss from Houthi attacks on commercial shipping
CAIRO : Egyptian Foreign Minister Badr Abdel Aati announced that Houthi attacks on commercial vessels transiting through the Bab al-Mandeb Strait and the southern Red Sea have inflicted
Drewry’s World Container Index up 4% last Week
LONDON : Drewry’s World Container Index increased 4% to $3,213 per 40ft container this week. Drewry’s detailed assessment for Thursday, 31 October 2024
Baltic Index logs Fifth Weekly Loss on Weaker Rates across all Vessel segments
LONDON : The Baltic Exchange’s dry bulk sea freight index fell on Friday and posted its fifth straight weekly loss, weighed by weaker rates across vessel types. The
Maersk reports strong results across all business segments
COPENHAGEN : A.P. Moller – Maersk (Maersk) continued its strong business performance in the third quarter. Maersk reported growth across its businesses and financial results significantly above those
LR awards maritime industry’s first enhanced antifouling type approval to GIT Coatings
LONDON : Lloyd’s Register (LR) has awarded the maritime industry’s first Enhanced Antifouling Type Approval to GIT Coatings. The development of this new type of approval sets a new
Saudi Arabia launches new shipping route ‘Arabian Gulf-India’
RIYADH : Folk Maritime Services Company, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), recently launched a new regional shipping route, “India-Arabian Gulf Service.” The shipping route connecting key GCC