Baltic index extends decline as larger vessel rates dip
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a fourteenth consecutive session on Tuesday as rates for
CONCOR to gain from dedicated freight corridor, says MOSL
NEW DELHI : Container Corporation of India Ltd. (CONCOR) will be a key beneficiary of the Dedicated Freight Corridor (DFC), which is likely to result in volume growth driven by
Maersk resumes Panama Canal transit service as rainy season approaches
COPENHAGEN : AP Moller-Maersk will resume Panama Canal transits on an east-west service that was suspended because of low water levels. Panama Canal increases transits again as Red
ZIM overtakes Yang Ming in global liner rankings
HAIFA : Israeli ocean carrier ZIM received the 15,248 TEU container ship ZIM Mount Vinson on 3 April, the last unit in the series of 10 same-size vessels
CMA CGM updates FAK rates from Asia to North Europe
MARSEILLE : French container carrier CMA CGM has unveiled updated Freight All Kinds (FAK) rates, effective from 15 April (loading date), until further notice from Asia to North
Maersk announces new surcharges from Indonesia, Malaysia and Singapore to Africa
COPENHAGEN : Maersk has announced updated and new peak season surcharges from Indonesia, Malaysia and Singapore to several African destinations. Maersk will increase its Peak Season Surcharge (PSS)
Hambantota International Port commences container operations
COLOMBO : In a landmark move, the Hambantota International Port (HIP) commenced its inaugural container transshipment service operated by the Mediterranean Shipping Company (MSC). MV ‘MSC Ingrid’ made
US may revoke Houthi Terrorist label if they STOP Red Sea Ship attacks
NEW YORK : The United States (US) said it would consider revoking its recent label of Yemen’s Houthis as terrorists if the Iran-backed militants cease their shipping attacks
Houthi rebel fired missiles at MSC and Borealis ships
SANAA : Two of MSC vessels and a boxship owned by UK tonnage provider Borealis Maritime were hit by Houthi missiles in the Red Sea on 6 April,
Hoegh Autoliners nets $920m from eight banks to mark major refinancing
OSLO : Hoegh Autoliners has secured long-term financing for purchases, newbuildings and repayment of bank debt. A new $720m six-year fleet facility will finance the purchase of two