Houthi rebels to halt military operations against most ships in Red Sea
NEW YORK : Houthi rebels have said they will halt their military operations against most ships in the Red Sea, tanker chartering sources and brokers in Singapore, Tokyo
Baltic index falls to 19-month low on weaker vessel rates
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit its lowest in more than 19 months on
Advanced cranes En Route to enhance Suez Canal container terminal operations
CAIRO : The Suez Canal Container Terminal (SCCT), operated by APM Terminals and a pivotal Maersk hub, is set to receive its third shipment of state-of-the-art ship-to-shore (STS)
MSC plans development of new terminal in Italy
GENEVA : MSC stated that together with local Fratelli Neri and Lorenzini & C it has officially expressed its interest in developing Piattaforma Europa, a massive outer harbour
Hapag-Lloyd’s fleet reaches a total capacity of 2.34 million TEUs
HAMBURG : Hapag-Lloyd, the world’s fifth-largest container shipping carrier, has reached a significant milestone in its storied history. Founded in 1847, the company has taken delivery of its
AM Green partners with DP World to develop green fuels supply chain
DUBAI : Indian Green Hydrogen and ammonia producer AM Green has joined forces with UAE-based logistics group DP World to develop a sustainable supply chain for green fuels
Maritime sources expect Houthis to halt Red Sea attacks after Gaza deal
LONDON : Maritime security officials said, on Thursday, they were expecting Yemen’s Houthi rebels to announce a halt in attacks on ships in the Red Sea, after a
Bahri signs USD 800 million Murabaha Revolving Credit Facility Agreement with Al Rajhi Bank
RIYADH : Bahri, the National Shipping Company of Saudi Arabia and a global leader in shipping and logistics, has signed a Murabaha Revolving Credit Facility Agreement of USD
Höegh Autoliners secures work for its car carriers
OSLO : Just days after taking delivery of its fourth multi-fuel Aurora-class pure car and truck carrier (PCTC), Norwegian shipping company Höegh Autoliners has secured two long-term contracts
PSA International reports handling a record 100.2 million containers in 2024
SINGAPORE : PSA International (PSA) handled a record number of containers worldwide in 2024 despite escalating geopolitical tensions and greater maritime uncertainty. The Singapore port operator reported on
