February 28, 2024
May 8, 2026
February 28, 2024
US targeted Iranian and Houthi commanders and shipping
NEW YORK : The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to businesses in China in sanctions announced on Tuesday. Mohammad Reza Falahzadeh, deputy commander of Iran’s Islamic Revolutionary Guard
February 28, 2024
Cargo volumes in Red Sea area drop 21% due to attacks on ships : BIMCO
LONDON : “During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports
February 28, 2024
Baltic index hits over 1-month high on sturdy vessel rates
LONDON : The Baltic Exchange’s dry bulk sea freight index extended gains for an eighth straight session to touch 1-1/2 month peak on Tuesday, buoyed by climbing rates across all segments. The overall index,
February 27, 2024
CMA CGM’s financials declines amid stable container volumes
MARSEILLE : French ocean carrier CMA CGM reported revenues of US$47 billion in 2023, translating to a 36.9% decline compared with 2022 figures, EBITDA of US$9 billion, down by 72.9%, and net income of
February 27, 2024
Asia to Europe containerised exports surge to 16.5 million TEUs in 2023
TOKYO : According to data compiled by the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), containerised exports from Asia to Europe reached 16.58 million TEUs in 2023. The Japan International
February 27, 2024
ONE achieves another milestone with record-breaking load
SINGAPORE : Ocean Network Express (ONE) has achieved another milestone with a sixth consecutive record-breaking load, this time aboard the ONE Infinity. Last week, the vessel set a new record load of 22,206 TEUs
February 27, 2024
OOCL boosts fleet with new eco-friendly Ultra Large Container Vessel
WAN CHAI : Orient Overseas Container Line (OOCL) announced the introduction of its latest mega container ship, named OOCL Abu Dhabi. This addition marks OOCL’s eighth eco-friendly vessel with box capacity of 24,188 TEUs,
February 27, 2024
CMA CGM gets approval from EC to acquire Bolloré Logistics
MARSEILLE : The European Commission (EC) has approved the proposed acquisition of compatriot transport and logistics firm Bolloré Logistics by French shipping major CMA CGM. The approval is conditional upon full compliance with the
February 27, 2024