LONDON : Baltic Exchange’s main sea freight index , tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak bolstered by firmer rates across vessel segments. * The overall index,
VANCOUVER : A record broke last week when naval architects at Robert Allan Ltd. and ABS completed the first fully end-to-end 3D vessel construction plans for a US commercial ship. The tugboat will be built by Signer Maritime
EGYPT : Owners of the 20,000 TEU containership Ever Given, which has been stuck in Egypt for months following its grounding in the Suez Canal, have reached an agreement in principle with the canal
Germany’s Hapag-Lloyd has ordered six additional ultra large LNG-powered container vessels at South Korea’s Daewoo Shipbuilding & Marine Engineering. DSME revealed the order worth nearly $1 billion on Monday but it only said it would build
International Maritime Organization (IMO) adopts key mandatory measures to reduce ships’ carbon intensity; establishes ship rating system. New mandatory measures to cut the carbon intensity of international shipping have been adopted by the International
SINGAPORE : China will play a crucial role in ensuring that the global logistics industry responds effectively to the climate change challenge, said Ditlev Blicher, managing director of Maersk Asia Pacific. “Decarbonizing transport chains
SINGAPORE : Listed global carriers recorded a combined $16.2bn in operating profits in the first quarter this year, with seven of the 10 carriers recording EBIT of over $1bn in the three-month period, data
LONDON : Leaders of many of the world’s largest economies have descended upon Cornwall in southwest England this week for the annual G7 summit. Inspired by the gathering, shipping has created a brand new
LONDON : As world leaders meet in Cornwall, England, for the G7, the first ever meeting of the equivalent maritime bodies, titled M7, took place on Wednesday this week, organised by the UK Chamber
A freight train bound for Duisburg, Germany, departs from Wuhan, China. More companies are looking to use the China Express Railway to ship goods from China to Europe TOKYO : What began as a 19th