February 14, 2024
May 8, 2026
February 14, 2024
US now has an 85% chance of recession in 2024, the highest probability since the Great Financial Crisis : Economist David Rosenberg
NEW YORK : A recession is likely to hit the US Economy in 2024, a new economic model highlighted by the economist David Rosenberg suggests. The economic indicator, which Rosenberg calls the “full model,”
February 14, 2024
Kalmar to enhance Réunion Island box terminal with hybrid equipment
MARSEILLE : Kalmar and CMA CGM’s subsidiary CMA Terminals have reached an agreement for the supply of three Kalmar hybrid straddle carriers to SAMR, a terminal located on Réunion Island. The order was registered
February 14, 2024
IMO Sub-Committee on human element, training and watchkeeping (HTW 10)
LONDON : The 10th session of the IMO’s Sub-Committee on Human Element, Training and Watchkeeping (HTW 10) was held from 5 to 9 February 2024. A comprehensive revision of the STCW Convention and Code
February 14, 2024
Airseas, a revolutionary maritime company achieves major milestone pulling cargo ships with Giant kites
FRANCE : Airseas, the French company with the lofty goal of helping to propel cargo ships with giant kites, ended 2023 with successful sea trials. It’s the next step toward the ultimate goal of outfitting
February 14, 2024
Drewry : January Multipurpose Time Charter Index above forecast
LONDON : The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include
February 14, 2024
Baltic index scales 1-month high on firm rates for larger vessels
LONDON : The Baltic Exchange’s dry bulk sea freight index rose to a one-month high on Monday, buoyed by firm capesize and panamax vessels rates. The overall index, which factors in rates for capesize,
February 14, 2024
BIMCO starts work on contract for growing wind turbine market
LONDON : BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines. The project has been launched to support the offshore wind industry
February 13, 2024
India is reworking its Merchant Shipping Act
NEW DELHI : India is looking at reworking its merchant shipping laws as it replaces the existing eponymous Act of 1958. The new provisions will look to include up-to-date international maritime conventions to which
February 13, 2024