November 8, 2023
May 7, 2026
November 8, 2023
International shipping industry faces soaring freight costs as war rages
DUBAI : The cost of shipping goods around the world is likely to continue to rise due to geopolitical turmoil, experts have predicted. Alongside soaring fuel prices resulting from war of Russia-Ukraine and Israel-Hamas
November 8, 2023
DFDS commits to Battery-Electric Vessels on the English Channel
COPENHAGEN : Danish shipping company DFDS announced it has committed to investing in battery-powered vessels to help decarbonize the maritime traffic across the English Channel. Following a meet between French Minister for Foreign Trade, Attractiveness and
November 7, 2023
PSA celebrates double wins at Supply Chain Asia Awards 2023
SINGAPORE : It was a night of double celebration at the Supply Chain Asia Awards 2023, as PSA International’s Group CEO Tan Chong Meng was conferred with the prestigious “Supply Chain CEO (MNC) of
November 7, 2023
Xeneta Shipping Index (XSI®) October 2023: Upturn in the long-term ocean freight shipping market proves to be a false dawn
OSLO : Any hopes of a revival in long-term ocean freight shipping rates were short-lived after the latest data from Oslo’s Xeneta indicated the market is once again in decline. In September, the Xeneta
November 7, 2023
US East Coast vs. West Coast: More imports shift back to Pacific ports
CALIFORNIA : In the perennial tug-of-war between West Coast and East Coast ports, the momentum has shifted yet again. Imports from Asia are starting to head back to America’s Pacific gateways. East and Gulf
November 7, 2023
Dry Bulk Market – Challenging Week for Capesizes : Baltic Exchange
LONDON : The capesize market started the week on a sluggish note with the PPA conference in Perth creating a quieter atmosphere, leading to reduced trading volumes in the Pacific and a softening of
November 6, 2023
Maersk’s woes signal slow-motion industry crash
COPENHAGEN : Shipping giant A.P. Moller-Maersk is battling choppier seas. the $23 billion Danish firm revealed a 94% profit plunge in the third quarter. Boss Vincent Clerc is not alone in trying to manage a
November 6, 2023
Panama Canal traffic is being throttled by climate change impact
CAIRO : The Panama Canal doesn’t have enough water. A lack of rainfall, blamed on climate change, is leading to a steady decline in water levels on the vital conduit. The problem is so
November 6, 2023