March 14, 2024
May 8, 2026
March 14, 2024
Ships above 12,000 TEU drive 100% increase in average ship size : BIMCO
LONDON : “Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleet’s capacity expansion. Today,
March 13, 2024
Red Sea crisis continues; adverse impact on trade data will be visible in new fiscal : GTRI
NEW DELHI : The Red Sea crisis has become a major threat to global trade and its impact on trade volumes will become visible in FY25, according to a report released on Tuesday by
March 13, 2024
Bangladeshi ship ‘M.V. Abdullah’ hijacked by Somalian pirates
DHAKA : A Bangladesh flag carrier ship was hijacked by Somalian pirates in the Indian Ocean on 12 March, according to the owner of the vessel, Bangladeshi Kabir Steel and Rerolling Mill (KSRM) Group.
March 13, 2024
Ocean Network Express establishes new West Asia Regional Headquarters in Dubai
DUBAI : Ocean Network Express is pleased to announce the opening of its West Asia Regional Headquarters in Dubai. This strategic move aims to accelerate ONE’s growth and expand its presence in the rapidly
March 13, 2024
Red Sea crisis spurs surge in TEU capacity : Newbuildings fully absorbed
YEMEN : The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven mainly by vessel diversions to the Cape of
March 13, 2024
SCA announces new Suez Canal mooring regulations and costs
CAIRO : The Suez Canal Authority (SCA) has announced new Circular No. 1-2024 about regulations and costs of mooring boats, mooring services, and lights during vessels’ transit through the artificial sea-level waterway in Egypt.
March 11, 2024
Red Sea disruptions benefit shipping companies’ near-term profitability : Fitch Ratings
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. They do not expect
March 11, 2024
Retrofitted cargo vessel powered by hydrogen fuel could revolutionize shipping industry
A retrofitted cargo ship to be used on the Rhine River between The Netherlands and Germany is expected to produce lower carbon dioxide pollution than comparative vessels while still making regular trips. The H2
March 11, 2024