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February 18, 2023

Baltic index falls for seventh straight week

International Shipping, Maritime, Ship Building, Shipping, Trending News
LONDON : The Baltic Exchange’s main sea freight index edged higher on Friday but declined for the seventh straight week on lower demand for larger vessels, while the capesize segment marked its worst weekly
February 18, 2023

EPS completes groundbreaking installation of carbon capture solution

International Shipping, Maritime
SINGAPORE : Eastern Pacific Shipping (EPS) has successfully installed a fully integrated carbon capture solution from Value Maritime on one of its vessels. Value Maritime’s Filtree system has been installed on the tanker Pacific Cobalt
February 17, 2023

OOCL welcomes its first 24,188 TEU container vessel “OOCL Spain”

International Shipping, Shipping, Shipping Line, Trending News
HONG KONG : Orient Overseas Container Line Ltd. (“OOCL”) is delighted to introduce the first 24,188 TEU mega vessel to its fleet. The new vessel was officially named “OOCL Spain” at a ceremony held
February 17, 2023

Milaha net profit rises 40% to QR 1.0 billion for full year 2022

International Shipping, Trending News
Key financial highlights: DOHA : Milaha Maritime & Logistics’ net profit increased by QR 85 million compared to the same period in 2021, mainly due to strong container shipping rates.     Milaha Gas & Petrochem’s net
February 17, 2023

COSCO establishes China Electric Ship Innovation Alliance

International Shipping, Trending News
BEIJING : China COSCO Shipping Corporation Limited and COSCO Shipping Development developed the China Electric Ship Innovation Alliance which was established on 8 February. At the founding ceremony, the strategic partnership agreement of the
February 17, 2023

Ocean Network Express and Seaspan Corporation conclude Second Joint Crisis Management Drill

International Shipping, Maritime, Shipping Line, Trending News
SINGAPORE : Ocean Network Express (‘ONE’) and Seaspan Corporation (‘Seaspan’) concluded their second joint crisis management drill on 14 February 2023. Building on lessons learned from the inaugural joint drill in December 2021, representatives
February 17, 2023

NYK and Siemens Gamesa Conclude Charter Agreement for Crew Transfer Vessel for Offshore Wind Power Generation at Ishikari Bay New Port

International Shipping, Trending News
TOKYO : On February 15, NYK has concluded a time charter contract with Siemens Gamesa, the world-leading provider of wind power solutions, for a crew transport vessel (CTV)* for an offshore wind power generation
February 16, 2023

DB Schenker and MSC seal important Biofuel Deal to help reduce Supply Chain Emissions

Logistics, International Shipping, Trending News
ESSEN(GERMANY) : First-of-its-kind agreement between a freight forwarder and a shipping line. At least 30,000 standard containers (TEU) will be transported on the world’s oceans with net-zero emissions in 2023. Certified sustainable, second-generation biofuels
February 16, 2023

MSC launches its cashew campaign at the World Cashew Conference in Dubai

International Shipping, Trending News
GENEVA : The cashew season for 2023 has started and MSC will be attending the World Cashew Conference, a leading cashew event taking place in Dubai on 23-25 February 2023.  As a leading provider of transportation and logistics services to African exporters of cashews, MSC will have
February 16, 2023

Evergreen Line suspends all operations at Iskenderun Port due to severe earthquake damage

International Shipping, Foreign Ports, Trending News
TAIWAN : Evergreen Line has suspended all services at the Port of Iskenderun due to the severe earthquake that devastated regions in Türkiye and Syria since Monday, 6 February 2023. “Structural damage to the Port of
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