February 9, 2024
May 8, 2026
February 9, 2024
Amid Red Sea crisis, India gets a specific zone in Duqm Port
NEW DELHI : Oman has allotted a specific zone to India in the strategically located Port of Duqm, less than two months after the visit of Sultan Haitham bin Tariq to New Delhi, a development that will help
February 9, 2024
CMA CGM applies new overweight surcharges from India
MARSEILLE : French-headquartered box line CMA CGM has announced a new overweight surcharge (OWS) effective from 7 February 2024 until further notice. The surcharge applies to cargo originating from Indian ports such as Nhava
February 9, 2024
Shipping Number of the Week : Container market grows a modest 0.2% y/y in 2023 as the fleet swells
LONDON : “In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compared to 2019, before the COVID pandemic hit, the market grew 1.5%. Container market growth has lagged behind overall
February 8, 2024
Red Sea crisis bites deep for Egypt as Suez Canal fees plummet
CAIRO : Suez Canal toll fees have taken a dive as ships redirect around the Cape of Good Hope, but the diversions have had a mixed impact on freight markets. An analysis from Veson
February 8, 2024
CMA CGM pauses Red Sea transits
MARSEILLE : French container shipping company CMA CGM informed its customers that as from 1 February 2024 and until further notice, all services initially routed via the Red Sea passage will now follow the
February 8, 2024
Maersk commences new ME8 Service between Middle East and Europe
COPENHAGEN : Maersk will launch a new weekly service connecting the Middle East with Europe in mid-February. The new service, called ME8, will sail via the Cape of Good Hope and its rotation will
February 8, 2024
ONE introduces world’s first dual-temperature refrigerated container
SINGAPORE : Ocean Network Express (ONE) announced the introduction of the world’s first trial for a dual-temperature refrigerated container featuring Controlled Atmosphere (CA) capabilities, developed in partnership with Pan Pacific International Holdings Inc. (PPIH)
February 8, 2024
Milaha announces a 2% growth in its net profit for 2023, reaching QR 1.03 billion
DOHA : Qatar Navigation Q.P.S.C. (“Milaha”) announced its financial results for the year ended December 31, 2023. Key financial highlights : Milaha Maritime & Logistics’ net profit decreased by QR 330 million compared to the
February 7, 2024