British Columbia ports head toward lockout as labor talks stall
LONDON : British Columbia ports head toward a lockout on Nov. 4 as negotiations between the International Longshore and Warehouse Union (ILWU) Local 514 and the British Columbia
Container ship deliveries hit new record of 2.5 million TEU : BIMCO
LONDON : Just ten months into 2024, shipyards’ deliveries of container ships have reached a new annual record. A total of 410 ships with a capacity of 2.5m
Drewry launches new intra-Asia online service
LONDON : Drewry’s new online Intra-Asia Container Market Insight service confirms that growth in the intra-Asia container shipping market, which over the last five years (2019-2023) registered a
Baltic index rises as capesize segment logs gains
LONDON : The Baltic Exchange’s dry bulk sea freight index rose on Tuesday, buoyed by rising rates across the capesize vessel segment. The index, which factors in rates
Kaushalya Logistics Limited signs partnership with Maersk Line to strengthen surface transportation
MUMBAI : Kaushalya Logistics Limited ( KLL), a prominent conglomerate in logistics support for the cement industry, recently secured an agreement with Maersk Line, the global giant in
Ocean Network Express registers strong Financial Result for FY2024 2nd Quarter
SINGAPORE : Ocean Network Express (ONE) released the financial result for FY2024 2nd Quarter (from July 2024 to September 2024). The revenue for FY2024 2nd quarter was US$5,864million, up
Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg: Milestone for Sustainability
HAMBURG : The eponymous flagship of Hapag-Lloyd’s “Hamburg Express” class – was ceremoniously christened at the Container Terminal Burchardkai in the Port of Hamburg. As the ship’s naming
IMO Secretary-General visits Red Sea countries
LONDON : International Maritime Organization (IMO) Secretary-General Mr. Arsenio Dominguez has completed a series of visits to countries in the Red Sea area, to discuss the current situation
Trump presidency seen as bullish for tanker rates in US, Middle East; Russia wild card
WASHINGTON D. C. : A second Donald Trump presidency could push up tanker rates in the Middle East and the US Gulf while ushering in great uncertainty over
Ports across British Columbia are preparing for shutdowns
COLUMBIA : Ports across British Columbia are preparing for shutdowns, affecting operations and logistics in the region. These closures may impact the movement of goods and services, leading