April 3, 2024
May 8, 2026
April 3, 2024
Red Sea crisis end to reignite container shipping challenges
LONDON : Clarksons’ latest container shipping report said that weak “underlying” supply-demand fundamentals will materialise once the Red Sea disruption comes to an end. Boxship fleet growth is estimated at 9% this year, outpacing
April 3, 2024
Red Sea attacks to impact ship sailing speed: BIMCO
LONDON : BALTIC and International Maritime Council’s (BIMCO) latest report on the container shipping market highlights significant trends amid ongoing challenges due to the Red Sea attacks. Ship supply is set to grow by
April 2, 2024
AD Ports Group announces 2023 Annual Report
ABU DHABI : AD Ports Group, a leading facilitator of global trade, logistics, and industry, issued its 2023 Annual Report on April 1. The report highlights significant achievements for the Group that expanded its
April 2, 2024
Cosco Shipping Ports reports 4.4% YOY increase in total throughput for 2023
SHANGHAI : Chinese state-owned ports logistics company Cosco Shipping Ports Limited reported a 5.8% year-on-year increase in profit for 2023, standing at USD 324.5 million. The company’s annual revenue reached USD 1,454.4 million, increased
April 2, 2024
CMA CGM halts operations at Haiti’s major port
MARSEILLE : Due to escalating security concerns in Haiti’s Port-au-Prince and its surrounding areas, CMA CGM has decided to suspend operations at the Lafito terminal until further notice. “Therefore, CMA CGM won’t accept bookings
April 2, 2024
Saudi ports enhance Red Sea connections with new NRS shipping service
RIYADH : The Saudi Ports Authority, Mawani, has announced the addition of the new shipping service ‘NRS’ by Folk Maritime to Jeddah Islamic Port that aims to connect Saudi Arabia to various ports along
April 2, 2024
First vessel passes through temporary channel near Baltimore’s Key Bridge wreckage site
BALTIMORE — The Tugboat Crystal Coast, pushing a fuel barge, was the first vessel to move through the newly created temporary alternate channel in Baltimore following the collapse of the Key Bridge, according to
April 2, 2024
NYK President Soga addresses recruits at 2024 Welcoming Ceremony
TOKYO : On April 1, NYK welcomed 69 recruits at a ceremony held at the company’s Tokyo head office. Below is a translation of the address given by NYK President Takaya Soga. President’s SpeechGood
April 1, 2024