Maersk Asia Pacific Market Update
COPENHAGEN : As we approach the end of 2024, Maersk brings you the latest insights to support your logistics planning through the dynamic peak season. This month, we
Cost-efficient strategies can significantly cut price of FuelEU Maritime compliance, according to DN
SINGAPORE : According to a new DNV white paper outlining FuelEU Maritime requirements and compliance strategies for shipowners, compliance with the upcoming regulations will be expensive but applying
Modi Govt plans 8 Mega projects to enhance archipelago’s connectivity at Lakshadweep
NEW DELHI : Nearly a year after Prime Minister Shri Narendra Modi visited Lakshadweep and the pictures created a new interest in the archipelago, the Centre is preparing
CMA CGM postpones PSS from Indian Subcontinent, Middle East Gulf, Red Sea & Egypt to the US Eas
MARSEILLE : CMA CGM postponed PSS charges which was supposed to implement from 15th December 2024 will now be implemented from 1st January 2025. Effective 1st January 2025
Global Ship Lease buys high-reefer containerships with 10-year financing committed
NEW YORK : New York-listed Global Ship Lease, a containership owner leasing ships to container shipping companies, has contracted to purchase four high-reefer 9,115-teu containerships with an average
Containership and oil tanker collide off the coast of Algeciras
ALGERICAS : Containership HMM St. Petersburg and oil tanker Gloria Maris collided off the coast of Algeciras, Spain, on 3 December. The incident occurred near the southeastern coast
Baltic index extends losses on weaker capesize rates
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday, pressured by lower rates in capesize
Piyush Goyal meets René Piil Pedersen, MD of A.P. Moller Maersk Singapore
NEW DELHI : Union Minister of Commerce and Industry, Shri Piyush Goyal, met with Mr. René Piil Pedersen, Managing Director of A.P. Moller Singapore (Maersk Line), to discuss
OOCL names first eco-friendly 16,828 TEU containership at DACKS
HONG KONG : Orient Overseas Container Line (OOCL) has named its first environmentally-friendly 16,828 TEU containership at China’s Dalian COSCO KHI Ship Engineering (DACKS). The vessel OOCL Bauhinia, which
Waiting time in port represents major inefficiency and GHG savings opportunity for international shi
LONDON : A new study by UCL and UMAS, which analysed ship movements between 2018-2022, found that optimising port arrivals to take into account port congestion or waiting