Shippers unlikely to return quickly to Red Sea after ceasefire
NEW YORK : Major shipping companies are likely to take their time before fully resuming transits through the Red Sea, waiting to see if a ceasefire announced May
Drewry: World Container Index down Last Week
LONDON : For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional
Baltic Index Falls, Posts Weekly Decline On Lower Capesize, Panamax Rates
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell to a more than two-week low on
CMA CGM levies emergency surcharges on Pakistani trade amid India tensions
MARSEILLE : Shippers are beginning to feel the financial pinch of the sudden escalation in military tensions between India and Pakistan in the form of contingency surcharges levied
India-Pakistan conflict disrupts regional trade and shipping operations
MUMBAI : Heightened tensions between India and Pakistan have begun to significantly disrupt regional trade, as major global shipping lines suspend services to Karachi Port and reroute cargo
Maersk warns global container volumes could drop due to trade war
COPENHAGEN : Shipping group Maersk said on Thursday container volumes plunged 30-40% between the U.S. in China in April as a trade war erupted between the world’s top
GCMD partners with the Asian Development Bank (ADB) to advance maritime decarbonisation through sust
SINGAPORE : GCMD is proud to announce a knowledge partnership with ADB, signed during the launch of its Sustainable and Resilient Maritime Fund (SRMF) at its annual meeting
Shipping lines expected to replace direct Karachi calls with transshipment routes post-India ban
NEW DELHI : India’s ban on Pakistan-origin cargo passing through its ports from May 2 is expected to create delays in consignments reaching Pakistan, as shipping lines will
The Port of Klaipėda Authority’s vessels have a new home
KLAIPEDA : The Port of Klaipėda is opening a modern fleet base that will house all of the port’s specialized equipment and serve as a new home for
Wärtsilä launches carbon capture solution to shipping market after world-first full-scale installa
HELSINKI : Technology group Wärtsilä has announced that its breakthrough carbon capture solution (CCS) is now commercially available to the global maritime industry, delivering a step-change in shipping’s