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December 5, 2023

A.P. Møller-Maersk to invest more than USD$500 million in integrated supply chain capabilities in Southeast Asia

International Shipping, Logistics, Shipping Line, Terminal, Trade, Trending News
SINGAPORE : A.P. Moller-Maersk (Maersk) announced more than USD$500 million investment to expand its supply chain infrastructure to support Southeast Asia’s emergence as a global production hub and a consumption powerhouse. Maersk’s planned three-year
December 5, 2023

OOCL launches new China Indonesia Philippines Services

International Shipping, Shipping Line, Trade, Trending News
SINGAPORE : Orient Overseas Container Line Ltd. (OOCL) has introduced the CIP1 & CIP2 Services in order to strengthen its China, Indonesia and Philippines network coverage. CIP1 & CIP2 will establish direct connections among
December 5, 2023

AD Ports and Vietnam Maritime Administration ink cooperation agreement

International Shipping, Foreign Ports, Maritime, Trending News
ABU DHABI : AD Ports Group and Vietnam Maritime Administration (VINAMARINE) have formally signed a Memorandum of Understanding (MoU). This collaboration, endorsed by Vietnam’s Prime Minister Pham Minh Chinh and Minister of State for
December 5, 2023

US warships and commercial vessels attacked by drones in Red Sea

Maritime, Defence, International Shipping, Marine, Trending News
WASHINGTON : An American warship and multiple commercial ships came under attack on Sunday in the Red Sea, the Pentagon said, potentially marking a major escalation in a series of maritime attacks in the
December 5, 2023

3 commercial ships attacked in Red Sea; Houthis claim responsibility, citing Israel-Hamas war

Maritime, International Shipping, Trending News
WASHINGTON : Three commercial ships came under attack in the international waters of the Red Sea on Sunday, U.S. military officials said — as Houthi militants claimed responsibility for the latest incursion in the Middle East,
December 4, 2023

India re-elected to IMO with highest vote tally

Maritime, Associationn, International Shipping, Logistics, Ports, Trade, Trending News
NEW DELHI : In elections held at its assembly on Friday for the 2024–25 biennium, India was re-elected to the International Maritime Organisation (IMO) Council with the highest tally. India’s re-election falls under the
December 4, 2023

COP28 : India needs to flag misconception that exports, imports add to global carbon emissions, according to GTRI

Trade, Export - Import, Global Trade, International Shipping, Shipping, Trending News
DUBAI : This is a complete misconception that exports and imports contribute significantly to global carbon emissions and India needs to flag this issue in the discussions on global trade and climate change in
December 4, 2023

Schedule reliability unchanged M/M in October 2023 : Sea Intelligence

International Shipping, EXPORT, Logistics, Ports, Shipping Line, Trade, Trending News
COPENHAGEN : Sea-Intelligence has published issue 147 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including October 2023. As the report itself is quite comprehensive and covers schedule reliability
December 4, 2023

Chinese-ports-increase-volumes-in-first-ten-months-close-to-260-million-teus

International Shipping, Foreign Ports, Trending News
BEIJING : During the first ten months of the year, China’s Ports witnessed a 4.9 per cent year-on-year (YoY) surge in container throughput, totalling 257 million TEU. Despite a 4.5 per cent YoY decrease
December 4, 2023

New research reveals financiers’ beliefs and behaviours on shipping’s transition to a low carbon future

International Shipping, Fuel, LNG, Maritime, Shipping, Trending News
LONDON : A new research paper published in Journal of Environmental Innovation and Societal Transitions by researchers from the UCL Energy Institute explores the role ship financiers can play in shipping’s transition to zero
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