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October 23, 2023

DP World and Standard Bank conclude US$365 million facility agreement

International Shipping, Logistics, Maritime, Ports, Shipping, Trending News
DUBAI : DP World has extended its long-standing partnership with pan-African bank, Standard Bank, by concluding a US$365.1 million facility agreement. This agreement aims to support its logistics and market access expansion across the
October 23, 2023

Israel-Hamas war: 10% of Ashdod Port staff recruited by Israeli army, first war-related surcharges announced

International Shipping, Foreign Ports, Logistics, Maritime, Shipping Line, Trade, Trending News
JERUSALEM : Israel’s Ashdod Port, one of the largest ports of the country and a crucial asset for the national economy, is continuing to operate normally despite the ongoing conflict between Israel and Hamas,
October 23, 2023

It may be stormy 2024 as shipping lines plan freight increases : Xeneta

International Shipping, Export - Import, Global Trade, Logistics, Shipping Line, Trending News
HAMBURG : Supply chains around the world could be at serious risk amid expected increases in the cost of ocean freight shipping during 2024. Oslo-based Xeneta has carried out in-depth analysis of the latest
October 21, 2023

MSC updates regarding the situation in Isreal

International Shipping, Export - Import, Logistics, Shipping Line, Trending News
GENEVA : MSC continues to monitor and assess the developing situation in Israel to ensure the safety of its personnel and minimize disruption to customer supply chains. Currently, Israel’s major ports continue to function
October 21, 2023

NYK launches sixth LNG-fueled Pure Car and Truck Carrier

International Shipping, LNG, Shipping Line, Trending News
TOKYO : NYK’s sixth LNG-fueled pure car and truck carrier (PCTC), Sumire Leader, has started its transportation service for Mazda Motor Corporation (Headquarters: Aki District, Hiroshima Prefecture; Representative Director, President, and CEO: Katsuhiro Kago),
October 20, 2023

Evergreen line declares force majeure on Israel shipment -customer note

International Shipping, Export - Import, Foreign Ports, Shipping Line, Trending News
TAIWAN : Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli Port of Ashdod, with its Ever Cozy vessel diverted to Haifa further north due to safety concerns,
October 20, 2023

ONE boosts India West Coast-Middle East connection

International Shipping, Shipping Line, Trade, Trending News
SINGAPORE : Ocean Network Express (ONE) has announced the launch of its new Southeast Asia to India and Gulf (SIG) connection. This new service aims to bolster the connections between Southeast Asia, India, and
October 20, 2023

MSC tops in ship recycling and purchases

International Shipping, Ship Recycling, Shipping Line, Trending News
GENEVA : Mediterranean Shipping Company (MSC) is leading the way both in ship demolitions and ship purchases. Cash buyers said that MSC has scrapped 15 vessels so far this year, with the last two
October 20, 2023

Hapag-Lloyd and Norsul to launch new joint venture company for cabotage business in Brazil

International Shipping, Shipping Line, Trade, Trending News
HAMBURG : Hapag-Lloyd and the Brazilian shipping and waterway logistics company Norsul have set up a new joint venture called “Norcoast”. Based on a 50-50 partnership, Norcoast envisages to start offering container cabotage and
October 20, 2023

Inmarsat Maritime Safety Team wins IMRF Award for INNOVATION AND TECHNOLOGY in Maritime Search and Rescue

International Shipping, Maritime, Trending News
LONDON : Inmarsat Maritime, a Viasat business, has won the 2023 International Maritime Rescue Federation (IMRF) Award for Innovation and Technology in Maritime Search and Rescue after a highly respected judging panel led by
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