January 11, 2024
May 8, 2026
January 10, 2024
ZIM to deploy tracking devices on its containers
HAIFA : ZIM Integrated Shipping Services has entered into an agreement with Hoopo Systems for the extensive deployment of advanced tracking devices across its dry container fleet. According to the company’s statement, this move
January 10, 2024
ZIM adds Cai Mep Port call to Asia-East Med service rotation
HAIFA : On 8 January 2023, ZIM Integrated Shipping Services unveiled an enhancement to its ZMP Service, a pivotal route linking Asia with East Mediterranean. The latest development includes the incorporation of an additional
January 10, 2024
OOCL revenues plunge in 2023, amid solid container growth
HONG KONG : COSCO-owned Orient Overseas Container Line (OOCL) has seen a huge 49% decrease in its fourth quarter revenues, compared to 2022 Q4, reporting US$1.62 billion. In the same period, OOCL’s total liftings
January 9, 2024
COSCO Shipping halts shipping to Israel : Israeli media
JERUSALEM : Chinese shipping firm COSCO has suspended shipping to Israel, Israeli financial news website Globes reported on Sunday. The report, which did not include details behind the decision, came as shipping lanes in
January 9, 2024
India-US shippers hit by three rounds of hefty rate hikes in January
MUMBAI : Indian shippers are getting flooded with general rate increase (GRI) and peak season surcharge (PSS) notices as container lines attempt to maximise pricing out of the troubled Red Sea waters. MSC has
January 9, 2024
How Red Sea attacks put India’s trade at risk
NEW DELHI : The Gaza war has long posed the risk of escalating into a broader crisis for the Global Economy, and recent developments in the Red Sea are proving this concern to be
January 9, 2024
Red Sea attacks leave shipping companies with difficult choices
CAIRO : The shipping companies that move goods on one of the world’s busiest trade routes for factories, stores, car dealerships and other businesses face an excruciating decision. They can send their vessels through the Red Sea if
January 9, 2024
Charting the Global Economy: Employment growth picks up in US
WASHINGTON : US hiring picked up along with hourly earnings at the end of 2023, though some metrics in the closely watched jobs report and a separate services survey tempered optimism about the labor
January 8, 2024