HAMBURG : Bernhard Schulte Shipmanagement (BSM) is pleased to announce the appointment of Bjoern Sprotte as Chief People and Sustainability Officer to the Management Board, effective 1 June
ATHENS : Container shipping rates are on the rise once more. In its latest weekly report, shipbroker Xclusiv said that “container shipping rates are soaring, nearing record highs
NEW DELHI : India is exploring connectivity trial runs with Middle East; and the first phase would involve linking one port on the country’s west coast with its
SINGAPORE : Three new berths will start operations at Singapore Tuas Port later this year to tackle extended waiting times for ships after Red Sea shipping tensions boosted
TAIPEI : Yang Ming Marine Transport’s management has hinted that the company will enter the league of 24,000 TEU boxship owners. Speaking at a shareholders’ meeting after releasing
YEMEN : Yemen’s Houthis, an Iran-aligned group, on Friday said they had launched a missile attack on the United States (US) aircraft carrier Eisenhower in the Red Sea
KARACHI : Pakistan is expected to sign a $2 billion investment deal with a European shipping firm by October this year, the Pakistani maritime affairs minister said on
Dramatic changes in shipping investors’ emphasis on newbuilding orders have unfolded in the past few years, causing divergent orderbook profiles. Some further shifts, perhaps equally striking, can be
LONDON : Drewry’s World Container Index increased 4% to $4,226 per 40ft container last week. Ocean spot market freight rates against 790 global port pairs
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose on Friday, marking a monthly gain, supported by increasing demand