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
(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
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
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
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
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
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
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
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
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