March 26, 2024
May 8, 2026
March 26, 2024
Bahri Line expands fleet with a new Multi-Purpose Vessel
RIYADH : Bahri Line has continued its venture into the niche multipurpose sector with the addition of an MPP to its fleet. The company said it has added Bahri Diriyah, reaffirming its commitment to
March 26, 2024
Baltic index slips to three-week low on weaker capesize, panamax rates
LONDON : The Baltic Exchange’s main sea freight index fell to over a three-week low on Monday, weighed down by weakness in the capesize and panamax vessel segments. The overall index, which factors in
March 26, 2024
Drewry : World Container Index down by 5% last week
LONDON : Drewry’s World Container Index decreased by 5% to $3,010 per 40ft container this week.
March 26, 2024
IMO progress and GHG levy momentum increases the imminence of the endgame for shipping’s use of fossil fuels
LONDON : The MEPC 81 meeting concluded on 22nd March 2024, further clarifying the risk and opportunity both for the international shipping value chain’s commercial decision making, and for this sector’s contribution to minimise
March 23, 2024
PSA International announces financial results of 2023
SINGAPORE : PSA International has reported earnings of $1.46 billion for the FY2023 ended Dec 31, 2023, down 6.3% compared to its $1.56 billion earnings in FY2022. For the full-year period, revenue decreased by
March 23, 2024
IMO agrees possible outline for maritime “net-zero framework
LONDON : IMO has agreed on an illustration of a possible draft outline of an “IMO net-zero framework” for cutting greenhouse gas emissions (GHG) from international shipping. This marks a step forward in the
March 23, 2024
Houthis reportedly strike Deal with Russia, China for safe passage
YEMEN : Houthi rebels here—who have been attacking ships passing through the Red Sea in an apparent show of support for Hamas in the Israel-Hamas War—have reached a deal with Russia and China to
March 23, 2024
FIATA and Global Shippers Forum call for Enhancing Data Quality and Information Exchange for EU ICS2 Requirements
GENEVA : Shippers and forwarding organisations are calling for enhanced data quality and information exchange globally to facilitate the effective implementation of regulatory changes brought by the European Union’s Import Control System 2 (ICS2) regime,
March 23, 2024