Middle East on boil as Hezbollah strikes Israel, Biden asks Iran to ‘stand down’
NEW DELHI : Hezbollah on Saturday said it launched dozens of rockets at Israel as tensions in the Middle East soared with Iran and its allies reading their
Missile attack by Yemen’s Houthi rebels hits container ship in 2 weeks
DUBAI : A missile attack by Yemen’s Houthi rebels struck a Liberian-flagged container ship traveling through the Gulf of Aden, authorities said Sunday, the first assault by the group since
CMA CGM expands logistics coverage in DR Congo
MARSEILLE : CMA CGM has announced plans to expand its coverage in the Democratic Republic of Congo by adding to the present feeder system. The company’s new product,
Wan Hai Lines celebrates naming of two boxships
TAIPEI : Wan Hai Lines held a ship naming ceremony for WAN HAI 375 and WAN HAI 377, along with a charity donation event, on 1 August at
MOL obtains AiP for “LNG Carrier Installing Wind Challenger”- The World’s First Approval for a
TOKYO : Mitsui O.S.K. Lines, Ltd. has been awarded an approval in principle (AiP) by Nippon Kaiji Kyokai (ClassNK) for the design of a membrane LNG Carrier installing
NYK presents its Decarbonization strategy at International Forum
TOKYO : Nippon Yusen Kabushiki Kaisha (NYK) participated in International & Indonesia CCS Forum 2024 from July 31 to August 1, an event to promote international discussion and
Baltic index snaps 10-session losing streak as capesize rates gain
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a 10-session losing streak on last Friday, supported
Drewry: World Container Index Down 1% Last Week
LONDON : Drewry’s World Container Index decreased 1% to $5,736 per 40ft container last week. Detailed assessment for Thursday, 01 August 2024
Maersk ups profit target by $2bn on Red Sea shipping woes
COPENHAGEN : Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have
Maersk sees global trade disruptions lasting throughout 2024
COPENHAGEN : The global transport disruptions caused by the conflict in the Red Sea will last longer than expected and won’t be solved this year, according to AP