IMO condemns “illegal, unjustifiable” attacks on ships in Red Sea
LONDON : IMO Member States call for an immediate end to ongoing attacks on ships and seafarers transiting through the Red Sea and Gulf of Aden. Member States
Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
COPENHAGEN : A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak
Red Sea crisis: Container shortage & soaring shipping costs drive up cost of white goods
KIEL (GERMANY) : The ongoing conflict in West Asia, particularly in the Red Sea region has severely impacted global shipping, causing a significant increase in sea freight costs
Global spot rates soar on Major Asia-Europe and Asia-US trades
LONDON : A combination of factors have combined to send global spot rates reaching for the skies onthe major trades out of Asia to Europe and the US
HMM’s methanol-powered ships to ply world’s first green shipping route
SEOUL : South Korea is pursuing an ambitious project to launch the world’s first green shipping route. And 9,000 TEU methanol-fueled container ships being built by the country’s
CMA CGM announces ESS from the Middle East Gulf to worldwide
MARSEILLE : CMA CGM has announced an Emergency Space Surcharge (ESS/FRT59) effective from 5 June 2024, until further notice, applicable for shipments originating from the Middle East Gulf
MSC rotation change of Swan Service from Asia to North Europe
GENEVA : MSC has decided to revise the rotation of its Swan service, connecting Asia with North Europe and Scan Baltic regions. The rotation will now include the
PSA unboXed Partners with Energy Storage Solutions Provider VFlowTech
SINGAPORE : PSA unboXed — the corporate venture capital arm of PSA International — has partnered with Singapore-based energy storage solutions provider VFlowTech. This strategic investment will allow PSA unboXed
LR approves Seaspan Corporation’s innovative Next Generation Feeder Ship Design
HONG KONG : Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to Seaspan Corporation for its innovative Next Generation Feeder Ship Design (render pictured). The vessel, measuring
DHL’s new EV Center of Excellence in Shanghai to help companies in the electric vehicle ecosystem
SHANGHAI : DHL, the leading global brand in the logistics sector, has opened its latest electric vehicle (EV) Center of Excellence in Shanghai, China to support EV companies