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 latest Drewry WCI composite index of
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 factors in rates for capesize, panamax
APSEZ secures AAA Rating – India’s First Private Infrastructure Developer with AAA Rating
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ), proudly announces revision of its credit rating to AAA by CARE Ratings. The top most rating signifies highest level of credit worthiness and the ability
India & US to expand naval ship repair network
NEW DELHI : The US and India are auditing Kolkata Port as they are looking for a new Master Ship Repair Agreement (MSRA) that will allow US warships to access repair services at the port, according
Iran-backed Houthi Rebels attack 4 ships in Indian Ocean and Red Sea
CAIRO : Yemen’s Houthis said they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing campaign against international shipping in solidarity with Palestinians against
Andhra Pradesh Govt with APMB investing in construction of four new Ports
VISAKHAPATNAM : Andhra Pradesh’s effort to strengthen its maritime logistics capability is on course as work gathers pace in the construction of four new ports and a notable increase in shipments from the existing
MSC upgrades cargo protection offering Cargo Cover Solutions
GENEVA : World’s largest container line Mediterranean Shipping Company (MSC) has expanded and upgraded its previous cargo protection offering, known as “Peace of Mind” insurance, which is now known as “Cargo Cover Solutions”. Under
Houthi attacks in Red Sea: Shipping diversions spewing carbon emissions of 9 million cars
NEW YORK : Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area are emitting millions of additional tonnes of carbon, making it tougher for companies using ocean freight to