Xeneta sees first crack in container carrier spot rate consensus
OSLO : With some 450 million data points Xeneta believes that it is well positioned to feel container shipping’s pulse and its latest information has shown a blip
Port of Mombasa cargo volume rise as Dar es Salaam and Djibouti hit by congestion
MOMBASA : The volume of the transit cargo handled through the Port of Mombasa has grown significantly on the back of the Kenya Ports Authority (KPA) renewed push
Houthis damage cargo ship in Gulf of Aden as it steps up attacks
CAIRO : Yemen’s Houthi rebels hit and damaged a Singapore-flagged container ship with two missiles on Friday as they escalate attacks on global shipping over Israel’s war in
Tussle between HMM and Samsung escalates
SEOUL : The legal wrangling between South Korea’s flagship carrier HMM and its compatriot conglomerate Samsung Electronics is deepening. After Samsung Electronics’ US branch filed a complaint with
Washington State Ferries selects ABB as propulsion single source vendor for five new hybrid ferries
ZURICH : ABB has been awarded a contract by Washington State Ferries (WSF) to serve as the propulsion single source vendor (PSSV) for its groundbreaking new hybrid electric
CMA CGM and Google have partnered to pioneer AI-driven logistics
MARSEILLE : French shipping and logistics company CMA CGM has signed a partnership with Alphabet’s Google to speed up deployment of AI solutions across its operations worldwide, the
The Global Centre for Maritime Decarbonisation concludes its final biofuel blend supply chain trial
SINGAPORE : The Global Centre for Maritime Decarbonisation (GCMD) has successfully completed its final supply chain trial for biofuel blended with very low sulphur fuel oil (VLSFO). This
Suez Canal revenue drops as some shippers shun Red Sea
EGYPT : The Suez Canal‘s annual revenue dropped by almost a quarter in its latest financial year as some shippers switched to alternative routes to avoid attacks by
Dry bulk newbuild contracting fell 34.2%, despite a strong market : BIMCO
LONDON : “During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices
ITOCHU, Nihon Shipyard, ClassNK and MPA, signed MOU for joint study of ammonia fueled bulk carriers
TOKYO : ITOCHU Corporation, ClassNK, Nihon Shipyard Co., Ltd., and Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) regarding a joint study