MSC’s market share now at 20% as fleet nears 6 million TEUs
GENEVA : MSC now has a market share of 20%, as its aggressive newbuilding drive and ship purchases placed the largest liner operator’s fleet at just under 6
PSA International wins recognition at the ESQR Best Quality Leadership Awards
BRUSSELS : PSA International has received the ‘Best Quality Leadership Award’, given out by the European Society for Quality Research (ESQR) on 30 June. The ESQR’s Best Quality Leadership Award
Dry Bulk Market: Freight Rates and Ships’ Prices on the Rise
ATHENS : The dry bulk market is witnessing a “euphoria” phase of past times, with freight rates and asset prices on the rise over the past few weeks.
Baltic index hits one-week low on weaker vessel rates
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a one-week low on Thursday, dragged by weaker
Drewry: Multipurpose Time Charter Index expected to increase further in July
LONDON : The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the
ClassNK releases Annual Report on Port State Control
TOKYO : ClassNK has released its annual report on Port State Control (PSC). The report is prepared to enhance awareness of the present state of PSC and improve
Vincent Clerc speaks to ‘massive impact’ of the Red Sea situation on global supply chains
COPENHAGEN : Maersk CEO Vincent Clerc has said that the coming months will be challenging for carriers and businesses alike, as the Red Sea situation stretches into the
AD Ports Group and the International Trade Centre (ITC) sign a Strategic MOU for Cooperation to enha
GENEVA/ABU DHABI : AD Ports Group, one of the world’s leading facilitators of global trade, logistics, and industry, and the International Trade Centre (ITC), the joint agency of
Maersk withdraws from DB Schenker takeover – Will this clear path for DSV?
COPENHAGEN : Danish container shipping giant Maersk is no longer interested in acquiring German logistics company DB Schenker, according to Reuters, due to possible future integration challenges. DB
ClassNK issues approval in principle (AiP) for hydrogen-fueled engine compatible oil tanker
TOKYO : ClassNK has issued an Approval in Principle (AiP) for a design concept of the hydrogen-fueled engine compatible 5,000KL oil tanker with electric propulsion system developed by