May 5, 2026
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May 25, 2023

World Shipping Council report: Reduction in containers lost at sea in 2022

International Shipping, Maritime, Trending News
WASHINGTON D.C. : In 2022, 661 containers were lost overboard, according to the annual report of World Shipping Council (WSC). This number represents less than one-thousandth of 1% (0.00026%) of the 250 million containers
May 25, 2023

Bureau Veritas Solutions Marine & Offshore and ENGIE announce low-carbon advisory and risk management partnership for the shipping industry

International Shipping, Trending News
(NEUILLY-SUR-SEINE)FRANCE : Bureau Veritas Solutions Marine & Offshore, a technical advisory, asset management and assurance solutions organization, and ENGIE, a global industry leader in low-carbon energy supply and related services, have announced a partnership
May 25, 2023

Baltic index hits over two-month trough on lower rates across vessels

Trending News, International Shipping
LONDON : The Baltic Exchange’s main sea freight index slumped to its lowest level in over two-months on Tuesday as rates across all vessel segments declined. The overall index, which factors in rates for
May 24, 2023

MSC takes delivery of another sea behemoth, expanding the elite club of world’s largest ships

International Shipping, Ship Building, Shipping Line, Trending News
GENEVA : Chinese shipbuilder Hudong-Zhonghua Shipbuilding Group, in collaboration with China Shipbuilding Trading Co., Ltd. (CSTC), hosted a naming and delivery ceremony for the 24,000 TEU container vessel, MSC Gemma. The colossal containership was
May 24, 2023

Hapag-Lloyd announces addition of Hazira Port to the rotation of MIAX Service

International Shipping, Trending News
HAMBURG : Hapag-Lloyd has announced the addition of the Indian port of Hazira to the rotation of the Middle East India Africa Express (MIAX) Service. The German ocean carrier said the updated port rotation
May 24, 2023

CMA CGM revises Peak Season Surcharge

International Shipping, Trending News
MARSEILLE : French ocean carrier CMA CGM has announced the revision of a peak season surcharge (PSS) from the Indian Subcontinent, Middle East Gulf, Red Sea and Egypt to the United States East Coast
May 24, 2023

DP World launches direct freight service between UAE and Iraq

Trending News, Foreign Ports, International Shipping, Logistics
DUBAI : DP World, a leading provider of global supply chain solutions, has launched the first direct freight service between the UAE and Iraq to make the flow of goods between the two countries
May 24, 2023

PSA collaborate with Kazakhstan Railways to boost trade via the Trans-Caspian route

International Shipping, Ports, Trending News
SINGAPORE : PSA International, a global provider of ports and supply chain solutions, and Kazakhstan Railways, the operator of the country’s primary railway network, have agreed to form a joint venture business, KPMC. KPMC
May 23, 2023

Shipping lines beat IMO carbon target

International Shipping, Maritime, Shipping Line, Trending News
TAIPEI : Taiwan’s two largest shipping carriers have reduced their carbon emissions by 40 percent, seven years ahead of a goal set by the International Maritime Organization (IMO), Minister of Transportation and Communications Wang
May 23, 2023

Container shipping under pressure as peak season hopes dim

Trending News, Business, International Shipping, Shipping Line, Trade
LONDON : One of the earlier scenarios for container shipping’s 2023 peak season went like this: Importers would get cocky and keep much of their business in the spot market. Shipping lines would heavily
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