Ocean container shipping market reaches a tipping point: Xeneta Analysis
OSLO : The ocean container shipping market reached a tipping point in July, with long-term rates on major fronthaul trades showing signs of life just as spiralling short-term
Nitin Gadkari emphasises importance of Chabahar Port in strengthening bilateral and regional trade d
TEHERAN : Union Minister Shri Nitin Gadkari attended swearing-in ceremony of Iranian president Masoud Pezeshkian in Iran. “We look forward to continued collaboration and mutual growth, reaffirming our
Container rates out of India on major trades see sharp gains amid capacity woes
MUMBAI : Container freight rates on trades out of India have seen strong gains in July amid heightened demand linked to early peak season bookings and persistent capacity
Hapag-Lloyd tops schedule reliability rankings, MSC suffers largest decline
GENEVA : In June, global schedule reliability dropped by 1.2 percentage points, compared with the previous month, to 54.4%, according to the latest Sea-Intelligence Global Liner Performance (GLP)
Unifeeder overtakes CMA CGM as second largest intra-Europe operator
AARHUS : Unifeeder is now the second-largest intra-Europe player, surpassing French ocean carrier CMA CGM through capacity additions, according to Alphaliner’s Report. The DP World subsidiary now operates
Ocean Network Express released Financial Result for FY2024 1st Quarter
SINGAPORE : Ocean Network Express (ONE) released the financial result for FY2024 1st Quarter (from April 2024 to June 2024). The revenue for FY2024 1st quarter was US$4,211million,
DHL Global Forwarding appoints new CEO for the Greater China region
SINGAPORE : DHL Global Forwarding, the freight specialist of DHL Group, has appointed Ms. Aditi Rasquinha as the new CEO of DHL Global Forwarding Greater China with effect
Camillo Fontana to become Chief Financial Officer of Hanseatic Global Terminals
HAMBURG : Camillo Fontana will become Chief Financial Officer (CFO) of Hanseatic Global Terminals (HGT) effective 1 August 2024. Hanseatic Global Terminals is based in Rotterdam and pools
Cosco Shipping’s newest RoRo vessel ‘Min Jiang Kou’ makes its first regional call at Jebel Ali
DUBAI : Jebel Ali Port proudly welcomed Cosco Shipping’s newest RoRo vessel, ‘Min Jiang Kou,’ marking her first regional call. This event signals a significant milestone for the
ClassNK issues world’s first approval in principle (AiP) for bunkering boom for ammonia fuel
TOKYO : ClassNK has issued an Approval in Principle (AiP) for a design concept of the ammonia fuel bunkering boom*1, which is jointly developed by Nippon Yusen Kabushiki