LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains supported by higher rates for larger vessel segments, especially capesizes. The overall index, which factors
BEIJING : Dalian Shipbuilding (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has begun the construction of the 10th LNG-powered 16,000 TEU container ship for the Swiss shipping line Mediterranean Shipping Company (MSC).
NETHERLANDS : In June, maritime professionals will gather for the Royal Institution of Naval Architects (RINA) 11th instalment of the Surveillance, Search and Rescue Craft (SURV) Conference. The event will take place on 21-22
SINGAPORE : PSA acquired BDP in 2022 as part of a wider expansion into logistics with the intention of improving cargo flows from its network of terminals out into the supply chain. That ambition
TAIWAN : Wan Hai Lines conducted a ship naming ceremony for WAN HAI 331, which is the first vessel in a line of 3,000 TEU container ships constructed by Taiwan’s CSBC Corporation. The new
HAMBURG : Hapag-Lloyd implemented a general rate increase (GRI) from East Asia to North America for cargo transported in dry, reefer and special containers, including high cube equipment. More specifically, there will be a
MARSEILLE : CMA CGM has submitted a bid to take over Lebanon’s postal services, according to the country’s Caretaker Minister of Telecommunications Johnny Corm. Rodolphe Saade-led container line seems to be the only firm
COPENHAGEN : Shipping lines reported very strong financial results for 2022, according to the latest report by the Danish maritime data analysis company Sea-Intelligence. At the time of writing, 12 of the largest container
DHAKA : The Chittagong Port Authority (CPA) is working on the launch of a new sea route connecting Chattogram to Dubai, said officials. This will mark the first shipping route connecting Chittagong seaport with
GREECE : The shipping industry could face some headwinds, as a result of the latest banking crisis, together with the constant increase of rates. In its latest weekly report, shipbroker Xclusiv said that “despite