Baltic index extends losses on weaker capesize, supramax rates
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight Index, which tracks rates for ships carrying dry bulk commodities, extended losses to a 17-month low on Thursday, dragged
BIMCO: Container Shipping Market Overview & Outlook December 2024
LONDON : Despite the fastest growth in supply and the fleet since 2010, the supply/demand balance tightened in 2024. Ship demand has increased as 90% of the capacity
A bullish year for global shipping : Container market experienced remarkable growth in 2024
BOSTON : The year 2024 has seen values rise to near-record levels across Container sectors of the shipping industry, fuelled by the post-covid shipping boom and a strong
CMA CGM announces new FAK Rates from the Indian Subcontinent to North Europe & the Mediterranea
MARSEILLE : CMA CGM has announced new Freight All Kinds (FAK) Rates effective from 15 January 2025 until further notice as below. FROM INDIA/PAKISTAN/SRI LANKA Amount in USD
CUBE Battery System achieves Bureau Veritas Type Approval
HITTFELD (GERMANY) : Lehmann Marine, a trusted name in marine energy storage systems, is proud to announce that its flagship product, the CUBE battery system, has received type
ClassNK releases ‘ClassNK Technical Journal’
TOKYO : ClassNK has released “ClassNK Technical Journal No.10 2024 (II)”, providing a comprehensive overview of the latest trends and its activities on key topics such as GHG
HMM Re-enters Atlantic Route after 7 Years, Launches New India-Europe Route
SEOUL : HMM has announced its return to the Atlantic route and the launch of new container services on the India-Europe and Atlantic routes starting from February next
ONE announces three North Europe Transatlantic services
SINGAPORE : Ocean Network Express (“ONE”) is pleased to announce three North Europe Transatlantic services, effective from February 2025, which will be operated together with CMA CGM, COSCO
Bill to establish ‘Pakistan Land Port Authority’ introduced in Pakistan National Assembl
ISLAMABAD : After a delay of 12 years, the Pakistan Government introduced a bill in the National Assembly to establish the Pakistan Land Port Authority to streamline the
Baltic index retreats on lower rates across all vessel segments
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight Index, which tracks rates for ships carrying dry bulk commodities, retreated on Tuesday rates dipped across all vessel segments.
