May 20, 2023
May 5, 2026
May 20, 2023
Baltic index nears one-month low as vessel demand weakens
LONDON : The Baltic Exchange’s main sea freight index fell for a sixth straight session on Thursday to its lowest level in almost a month, pressured by lower rates across all vessel segments. The
May 19, 2023
ZIM announces investment in Spinframe
HAIFA : ZIM Integrated Shipping Services Ltd, along with other investors, announced the initial closing of an $8 million financing round in Spinframe. ZIM led this investment as part of its strategy to invest in early-stage
May 19, 2023
IMO organises conference ‘Mobilizing networks for gender equality’ on the occasion of International Day for Women in Maritime
LONDON : The second International Day for Women in Maritime, celebrated on Thursday, 18 May 2023, seeks to highlight the importance of collaboration and networking in achieving gender equality in the maritime sector. IMO Secretary-General
May 19, 2023
Drewry: Dry Bulkers’ earnings potential improved over the past four months
LONDON : The Drewry Dry Bulk Equity Index decreased 7.6% YTD, underperforming the S&P 500 which rose 8.1% YTD. The decline can be attributed to macroeconomic weakness caused by rising interest rates, an inflationary
May 18, 2023
MSC containership fleet to hit 5m teu capacity this month
GENEVA : MSC is set to be the first container line to have fleet of 5 million TEUs in capacity later this month according to analyst Alphaliner. MSC overtook Maersk to become the world’s
May 18, 2023
A.P. Moller – Maersk announces ‘Al Maha’ Ocean Service connecting the Middle East and West Africa markets
DUBAI : A.P. Moller – Maersk (Maersk) announced ocean shipping service, ‘Al Maha’, that will commence its rotation in June 2023. The ‘Al Maha’ service will rotate between the important ports across the UAE, Saudi
May 18, 2023
Joerg Sonne appointed Senior Managing Director of Hapag-Lioys’s North Europe Region
HAMBURG : Mr. Joerg Sonne will become Senior Managing Director of Hapag-Lloyd’s North Europe Region, succeeding Martin Rolf, who will take over the position of Managing Director Human Resources. Sonne joined Hapag-Lloyd as a
May 18, 2023
Over 15,000 ships could be recycled by 2023, up more than 100% on the last 10 years
COPENHAGEN : “Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount
May 18, 2023