January 5, 2024
March 19, 2026
January 5, 2024
Houthis Warn Biden After Fresh Ship Attack; Ship ‘Attacked’ near Houthi Bastion in Red Sea
SANAA : Yemen’s Houthi militant group has issued a big warning to the United States. Houthis said the U.S. will be punished if it continues with reckless actions on behalf of Israel. The statement
January 5, 2024
Maersk Group looking for the development of Laldia Container Terminal
DHAKA : Chittagong Port Authority (CPA) and the APM Terminals, a subsidiary of the Maersk Group, are set to negotiate a transformative Public-Private Partnership (PPP) for the development of the Laldia Container Terminal in
January 5, 2024
Red Sea crisis pushes container shipping spot rates to highest level in over a year
LONDON : Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based in Yemen, carriers
January 5, 2024
COSCO Shipping Energy invests $449M in methanol dual-fuel tankers
SHANGHAI : COSCO Shipping Energy Transportation, has recently finalized significant shipbuilding agreements, securing contracts for the construction of six new tankers valued at a total of $449 million. As informed, this move represents a
January 5, 2024
ClassNK releases new features for GHG Emissions Management Tool “ClassNK ZETA” – supporting preparation for EU-ETS and BIMCO CII Clause
TOKYO : ClassNK has released new features for its GHG Emissions Management Tool, “ClassNK ZETA (Zero Emission Transition Accelerator)”. ClassNK ZETA is a tool for visualizing GHG emissions and CII ratings of ships and is
January 4, 2024
Indian exporters brace for more price hikes as normalcy evades Red Sea
MUMBAI : Indian exporters may continue to witness a rise in shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez Canal, opting for the longer route
January 4, 2024
Red Sea conflict sees Air cargo demand rise
PUTEAUX (FRANCE): Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics. The international transport and logistics company said that the “volatile” situation,
January 4, 2024
Stinne Taiger Ivø appointed Deputy Secretary General at BIMCO
LONDON : BIMCO’s Director of Contracts & Support, Stinne Taiger Ivø, has been appointed Deputy Secretary General at BIMCO from 1 January 2024. Ivø joined BIMCO in early 2022 to lead the Contracts &
January 4, 2024