Baltic index slips on weaker rates across bigger vessels
LONDON : The Baltic Exchange’s main sea freight index dipped on Monday to its lowest level in over eight months, dragged down by less demand across the capesize
PSA breaks ground on new $647.5m supply chain hub, in efforts to keep Tuas Port competitive
SINGAPORE : Port operator PSA broke ground on a new $647.5 million Tuas warehousing facility equipped with advanced robotics and automation systems on Oct 18, as part of
Shipping giants reinforce confidence in Gemini alliance service reliability ambitions
AMSTERDAM : The two men leading Hapag-Lloyd and Maersk into the new Gemini Cooperation joined together on stage at the Xeneta Summit in Amsterdam to reinforce their confidence
Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling
LOS ANGELES : Record imports over the last several months at West Coast ports, driven by the recent US East Coast and Gulf Coast strike diversions and ongoing
Yemen’s Houthis say they targeted ship in Arabian sea with drones
DUBAI : Yemen’s Houthi Group announced in a statement that they used bomb-laden drones to attack a ship in the Arabian Sea. “In support of the Palestinian and
Hong Kong launches new Maritime and Port Development Board
HONG KONG : Restructured from Hong Kong Maritime and Port Board, Hong Kong newly establishes Hong Kong Maritime and Port Development Board to strengthen Hong Kong’s position as
South Korean shipbuilder Hanwha Ocean joins GCMD as Strategic Partner
SEOUL : The Global Centre for Maritime Decarbonisation (GCMD) and Hanwha Ocean today announced a five-year strategic partnership to advance maritime decarbonisation in the areas of alternative low-/zero
Baltic index falls for third week on weaker rates across vessels
LONDON : The Baltic Exchange’s main sea freight index dipped on Friday, marking its worst week in five months as demand for all vessel segments declined. The index,
Drewry: World Container Index down by 4% last week
LONDON : Drewry’s World Container Index decreased 4% to $3,216 per 40ft container last week.
Hapag-Lloyd and Maersk confident in Gemini’s Ambitious 90% reliability target
HAMBURG : The heads of the new Gemini Cooperation—Rolf Habben Jansen, CEO of Hapag-Lloyd, and Kenni Skotte, Vice President and Head of Ocean Network Product at Maersk—took the stage