Baltic index logs weekly fall as capesize dips
LONDON : The Baltic Exchange’s main sea freight index fell on Friday, marking its first weekly decline in three, as the capesize segment dipped. The overall index, which
World Container Index Down 5% Last Week: Drewry
LONDON : Drewry’s World Container Index decreased 5% to $3,489 per 40ft container last week. Drewry’s detailed assessment for Thursday, 3 October 2024
DG Shipping issues advisory to Seafarers calling on Iranian ports
MUMBAI : The Director General of Shipping has issued an advisory for seafarers, employers /vessel owners on calling to Iranian ports in light of the Iran-Israel war. Quoting
DP World expands marine services fleet with new vessels offering cutting-edge efficiency
DUBAI : DP World welcomed two newly built vessels to its Marine Services fleet, further strengthening its commitment to sustainability and operational excellence. The newbuild vessels, Navios Utmost
Drewry introduces new Breakbulk Sea Transport Indices and incorporates within its Multipurpose Forec
LONDON : To better reflect the nuances of the multipurpose sector, Drewry has introduced Breakbulk Sea Transport Indices for both Project and General Cargo vessel segments, replacing the
Convergence around a smaller number of options during the last GHG meetings before approval, put the
LONDON : The IMO’s Marine Environment Protection Committee 82nd meeting has concluded with a large amount of work remaining. However, negotiations are still on track for an agreement
Israel-Iran war leads to disrupt India’s plan to upgrade Chabahar Port in Iran
CHABAHAR : Escalation of the Iran-Israel conflict has triggered tensions in India as it grapples with the prospects of rising oil prices and freight charges, restricted air/sea-routes, disruption
Houthi drone slams into ship, missile hits another in Red Sea attacks
DUBAI : Yemen’s Houthi rebels launched an explosive-loaded drone that crashed into one ship Tuesday in the Red Sea and a missile that exploded against another. The first
US port workers and operators reach deal to end East Coast strike immediately
NEW YORK : U.S. dock workers and port operators reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on the
U.S. East Coast Dockworkers’ Strike – Key Insights for Container Traders and Leasing Companies
NEW YORK : At 12:01 a.m. on October 01, 2024, the International Longshoremen’s Association (ILA) initiated a strike that has led to the closure of U.S. East Coast