November 16, 2023
May 7, 2026
November 16, 2023
Afghanistan urges Pakistan to release 1,000s of containers from Karachi port
ISLAMABAD : Afghanistan urged Pakistan on Tuesday to release thousands of containers of imports it said were stuck at Karachi Port since Islamabad clamped down on transnational cargo. Pakistan authorities say they have lost
November 16, 2023
ZIM reports over US$2.2 billion loss in third quarter
HAIFA : Israeli container line ZIM has announced a net loss of US$2.27 billion in the third quarter of the year, while the company achieved a US$1.66 billion net income in the same period
November 16, 2023
CJ Logistics deploys 140 wheeled robots for increased shipping efficiency across Asia-Pacific
INCHEON : CJ Logistics, with its Global Distribution Center (GDC) in Incheon, is currently testing a new way to process stored goods to get them ready for international shipping more efficiently. One hundred and
November 16, 2023
Seaqualize successfully executes first ever offshore transfer lifts on Vineyard Wind 1
UTRECHT : Dutch heave compensation specialist Seaqualize executed the world’s first offshore transfer lifts of wind turbine components from a heaving supply vessel. Their newly developed offshore lifting device, the Heave Chief 1100 is
November 15, 2023
Box lines announce new efforts to hike rates on India-US Trades
MUMBAI : Container lines serving the India-US trade seem to have realised that pushing through hefty general rate increases (GRIs) or peak season surcharges (PSSs) is a hard game, unless cargo volumes tick up in
November 15, 2023
Foreign ships to have a tough time in ‘Amrit Kaal Vision 2047’ for Maritime
NEW DELHI : Far from removing a so-called cabotage law to permit foreign flag ships to carry all types of cargo on local routes to boost coastal shipping as proposed earlier, foreign shipping companies
November 15, 2023
Greek owner to sell all container ships, spend $3B on LNG tankers
PIRAEUS : There have been a number of “big picture” questions about shipping stocks through the years: Should companies be “pure plays” or diversify across multiple segments? Which is the best segment to own?
November 15, 2023
Canada’s Davie Shipbuilding acquires assets of Helsinki Shipyard
LEVIS : Davie Shipbuilding, Canada’s largest shipbuilder and partner in the country’s National Shipbuilding Strategy, has successfully completed the acquisition of assets belonging to Finland’s Helsinki Shipyard Oy, the world’s leading builder of icebreakers
November 14, 2023