Egypt and China in big trouble as Israel want to build another Suez Canal
TEL AVIV : Amid the ongoing war in Gaza, Israel is preparing to create an alternative to the Suez Canal. It would be named Ben Gurion Canal. This
Cosco Shipping announces enhanced Trans-Atlantic Services
SHANGHAI : Cosco Shipping Lines has announced an upgrade to its Trans-Atlantic Service Suite. Effective February 2025 it will operate a comprehensive, and sophisticated four-loop Trans-Atlantic services between North
Impact of the new US Presidency on dry bulk commodities : Drewry
LONDON : Drewry expects volatility in trade to rise, impacting coal and grain trades when Donald Trump takes charge of the White House. Analysis of the trade tensions
20 months’ pay in year-end bonus for staff at Taiwan Shipping Giant Evergreen
TAIWAN : A Taiwanese company that is known for giving employees big bonuses has done it yet again. Shipping giant Evergreen announced on Dec 31 that its employees
CMA CGM re-postpones PSS from Indian Subcontinent, Middle East Gulf, Red Sea & Egypt to the US
MARSEILLE : CMA CGM re-postpones PSS charges from Indian Subcontinent, Middle East Gulf, Red Sea & Egypt to the US East Coast & US Gulf. The said PSS charges were supposed
Saudi Ports Authority enhances marine link with Iraq
BAGHDAD : The Saudi Ports Authority (Mawani) has announced a significant new initiative to connect King Abdulaziz Port in Dammam, Saudi Arabia, with Umm Qasr Port in Iraq.
Drewry WCI rises as industry anticipates ILA strike, policy changes
LONDON : The Drewry World Container Index (WCI) composite index increased by 2.68 per cent to $3,905 per 40-foot equivalent unit (FEU) on January 5, 2025, up from
SHIPPING: Union dockworkers, ports to resume negotiations ahead of 15 Jan deadline
HOUSTON : Union dockworkers and representatives for US Gulf and East Coast ports are expected to resume negotiations on a new master contract on 7 January, just more
Shipping emissions back at Pre-Covid levels, expected to have risen by 4% in 2024 : Clarksons
LONDON : Clarksons Research have released their latest Green Technology Tracker, including full year 2024 data points, charting the progress of alternative fuel uptake and investments in energy
Ulsan Port Authority Awards ‘2024 Best Tank Terminal’
ULSAN : Ulsan Port Authority (UPA) has announced the winners of its inaugural ‘Best Tank Terminal at Ulsan Port’ program, recognizing exceptional ESG (Environmental, Social, and Governance) practices
