DP World unveils new route to boost Turkish imports
DUBAI : As global supply chains face disruptions due to the ongoing challenges in the Red Sea, DP World has introduced a new solution to address critical raw
Unifeeder expands in Latin America, opens Panama office
PANAMA : DP World’s Unifeeder Group has opened an office in Panama its first in the Latin American region. The move to open an office in Panama City
Unlocking Maritime Futures : International Port & Marine Development Conference to spearhead ma
JEDDAH : In a transformative push for global maritime logistics, the International Port & Marine Development Conference, set for May 6-7, 2024, at the Jeddah Hilton Hotel, emerges
Drewry’s World Container Index increased 1% to $2,725 per 40ft container this week
LONDON : The composite index increased 1% to $2,725 per 40ft container this week and has increased by 55% when compared with the same week last year. The
Baltic index edges up on gains in larger vessels
COPENHAGEN : The Baltic Exchange’s dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax vessel rates. The overall index, which
Freight rate fall on trades out of India continues as exporters bet on new fiscal year
MUMBAI : Container freight rates on trades out of India have continued to soften from the Red Sea crisis-driven highs, according to the latest market analysis. On the
Schedule reliability gradually improves in March 2024 amid Red Sea crisis : Sea Intelligence
COPENHAGEN : Global schedule reliability has begun to improve, with the March 2024 statistic up 1.6 percentage points Month-over-Month (MoM) to 54.6 per cent, according to Sea Intelligence
MSC set to reign at the top of the liner rankings : Sea Intelligence
GENEVA : Sea-Intelligence’s latest projections indicate that MSC is on track to significantly increase its fleet size, further cementing its position as the world’s largest carrier. The analytic
Ocean Network Express announces financial result for FY2023
SINGAPORE : The revenue for FY2023 was US$14,536million, down 50% from the last year, with net profit of US$974million (YoY -US$14,024million). The short-term freight rate market continued to
Hapag-Lloyd Annual General Meeting approves all proposed resolutions
HAMBURG : Hapag-Lloyd AG shareholders approved with the required majority all items on the agenda put to the vote at the Annual General Meeting. This included the appropriation