Suez Canal Chief expects traffic recovery to start by end-March
EGYPT : Suez Canal Authority Chief Osama Rabie said he expects traffic through the Egyptian waterway to gradually return to normal by late March and fully recover by
Asia-US container rates tick lower; shippers frontloading cargoes on tariff pause
LONDON : Rates for shipping containers from Asia to the US ticked lower this week, although they could see upward pressure from shippers pulling forward volumes ahead of
Marsa Ocean Shipping aquires two new container vessels
DUBAI : Marsa Ocean Shipping, a Dubai-based feeder carrier, has expanded its fleet with the acquisition of two new container vessels, increasing its total number of ships to
African countries prepare to roll out net-zero shipping strategy : IMO
MOMBASA : African countries have mapped out practical measures they can take to advance the green transition of shipping on the continent, focusing on maritime governance, infrastructure development,
Baltic index falls as larger vessel rates dip
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger vessel rates.
Hapag-Lloyd adds ninth LNG dual-fuel 23,600 TEU giant to the fleet
HAMBURG : The newbuild was officially christened on February 4, 2025, at Hanwha Ocean’s Shipyard in Okpo, South Korea. Following the christening ceremony, Bangkok Express set sail on
AD Ports Group partners with the CMA CGM Group to develop and operate New East Mole Multipurpose Ter
ABU DHABI : AD Ports Group, an enabler of integrated trade, transport and logistics, signed a shareholders’ agreement with the CMA CGM Group, a global player in sea,
ERMA FIRST GROUP joins Green Marine to strengthen environmental commitment in North America and Euro
GREECE : ERMA FIRST GROUP, a global leader in sustainable maritime technologies, is proud to announce its official membership in Green Marine, the leading environmental certification program for
Maersk reports third-best financial year
COPENHAGEN : A.P. Moller – Maersk reports strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65% to USD 6.5
Transits through the Panama Canal down 10% : BIMCO
LONDON : “Between September 2024 and January 2025, ship capacity in deadweight tonnes transiting through the Panama Canal was 10% lower than the 2019-22 average. Although there were