Baltic Index falls as all vessel segments post declines
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped to a more-than-17-month low on Wednesday, hurt by
Turkon Line boosts Türkiye-India trade with new shipping routes
ISTANBUL : Turkon Line, a prominent Turkish Container Shipping Company, is enhancing trade connections between Türkiye and India by launching new maritime routes to South Asia. Alkin Kalkavan,
Container ship order book hits new record high of 8.3M TEUs
LONDON : At the end of 2024, the container ship order book was 8.3m TEUs, a new record compared with the previous high of 7.8m TEUs in early
HMM to launch weekly INX Service in February 2025
SEOUL : HMM has announced a new weekly maritime service, the India North Europe Express (INX), which will directly link Western India to Northern Europe. The service will
US ‘blacklists’ world’s largest shipowner and shipyard group in swipe at China
SHANGHAI : China Cosco Shipping, the world’s biggest shipowner, has been targeted by the US government for its alleged links to China’s army. The move came as Beijing
Shipping rates surge in 2025 amid tariff hikes and strike concerns
LONDON : Spot container rates for shipping goods to the US from Asia have spiked over the past month as companies look to avoid higher tariffs and pad
Evolving trade routes dampen demand for Ultra Large Container Vessels
SINGAPORE : According to industry data, the demand for Ultra Large Container Vessels (ULCVs) has decreased as shipping companies shift to smaller, more versatile vessels to accommodate changing
Baltic index extends losses on lower capesize, supramax rates
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended declines on Tuesday, hurt by falling rates across
Strategic Marine celebrates Signing and Delivery of First Surface Effect Ship (SES) to AES
SINGAPORE : Strategic Marine is proud to announce the signing and delivery of its first Surface Effect Ship (SES) to All Energies Services (AES), a groundbreaking moment in
No short-term overcapacity for container lines
LONDON : According to Alphaliner’s analysis the container fleet increased by nearly 3 million teu last year, or by 10.6%, with some 59% of this new capacity deployed on
