TEHRAN : Iran’s army has seized a Marshall Islands-flagged oil tanker in the Gulf of Oman after it collided with an Iranian boat, injuring several crewmen, state media reported. “A Marshall Islands-flagged oil tanker
GENEVA : As part of MSC‘s ongoing commitment to enhancing services between Africa, the Middle East and India, they are pleased to announce the following updates to India Africa Service (IAS) and India to
COPENHAGEN : To celebrate the world’s first container vessel sailing on green methanol, AP Moller-Maersk has announced that it will host a week of festivities on 18-21 September in Copenhagen. The 2,100 TEU feeder
MARSEILLE : CMA CGM announced an updated Overweight Surcharge (OWS) from Asia and India East Coast to Nigeria effective 28 April. The French ocean carrier will implement a fee of US$250 per 20′ dry
MUMBAI : The slide in container freight rates on some of the trades routes out of India seems to have slowed, according to the latest market analysis. On the westbound India-Europe trade, average contract
SINGAPORE : PIL is honoured to be given the inaugural “Container Ship Owner of the Year” award at the 17th ShipTek International Maritime Awards 2023 ceremony held in Marina Bay Sands, Singapore on 27
COPENHAGEN : International shipping is a classic ‘hard to abate’ sector. Container ships, bulk carriers of ore, fuel, and grain, and large passenger vehicles are expensive to build, last for decades, and have gained
HAMBURG : Hapag-Lloyd opens a new office in Romania. Bordering five European countries and with direct access to the Black Sea, Romania is an attractive growth market for Hapag-Lloyd and takes up a strategic
SHANGHAI : Cosco Shipping Ports achieved a year-on-year increase of 11.2% in its gross profit for the first quarter of the year, reaching US$89.9 million. At the same time, the company’s Q1 revenue decreased by
LONDON : Global Ports Group aims to create its own container fleet, consisting of 4,000 specialised boxes that will be used to transport, store and handle bulk cargo. With this equipment and in partnership