Newbuilding prices climb 3% to highest level in 16 years : BIMCO
LONDON : “Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the
Saudi Red Sea Authority & ECZA Sign a Cooperation Agreement
RIYADH : Saudi Red Sea Authority (SRSA) signed a cooperation agreement with the Economic Cities and Special Zones Authority (ECZA), to cooperate, integrate, and coordinate in facilitating procedures of coastal tourism activities and projects.
Berg secures Louis Dreyfus Armateurs propulsion package for wind-assisted Airbus ro-ro vessels
SHANGHAI : BERG Propulsion has won a contract covering the hybrid propulsion solution that ensure three wind-assisted Louis Dreyfus Armateurs (LDA) ro-ro vessels will maximize efficiency regardless of their mode of operation. Following delivery
FFFAI joins Gujarat Maritime Cluster at a meeting in GIFT City
AHMEDABAD : The Federation of Freight Forwarders’ Associations in India (FFFAI), under the leadership of Chairman Mr. Dushyant Mulani, organized a delegation visit for its members to the Gujarat International Finance Tec-City (GIFT City)
88% of overall work of Vizhinjam seaport is complete ; trial run by June end
THIRUVANANTHAPURAM : Over 88% of the overall work related to the under-construction Vizhinjam International Seaport is over and the first trial run of the port’s operations can be conducted by June-end, the government informed
Hapag-Lloyd sees prolonged Red Sea re-routings regardless of ceasefire
HAMBURG : Hapag-Lloyd told Reuters that the German shipping company does not expect the Suez Canal to be open again anytime soon, despite a recent ceasefire between Hamas & Israel. The world’s fifth largest
Navigating challenges in the Red Sea and Beyond : Maersk
COPENHAGEN : The global logistics industry is currently navigating through unprecedented challenges due to the ongoing situation in the Red Sea. The ripple effects are being felt on supply chains globally, including equipment and
12 major ports of India observe 4.45 per cent cargo volume growth in FY24 through strengthened infrastructure
NEW DELHI : India’s Ports and Shipping sector has been on a remarkable upswing lately. Whether it’s the external trade, expanding ports’ capacity, or the 7,517 kilometers of coastline dotted with over 200 ports,