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January 25, 2025

Baltic Index logs third weekly loss on weaker rates across vessel segments

International Shipping, Dry Bulk Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday and posted its third straight weekly loss, weighed down by weaker rates
January 24, 2025

HMM signs MOU for Vadhvan Port development cooperation in India

Ports, Shipping Line, Trade, Trending News
MUMBAI : HMM has signed a Memorandum of Understanding (MOU) with the Jawaharlal Nehru Port Authority (JNPA) to collaborate on developing Vadhvan Port in India. Under the MOU, HMM will support the development and
January 24, 2025

HMM launches new India-North Europe service

Trade, Shipping Line, Trending News
MUMBAI : HMM announced the launch of a new INX (India North Europe Express) service at a trade get-together in Mumbai on January 17, 2025. The new service will offer a direct connection from
January 24, 2025

Maersk takes delivery of methanol-ready 12,800 TEU container ship

International Shipping, Shipping Line, Trade, Trending News
COPENHAGEN : Japan Marine United (JMU) announced the delivery of the methanol-ready 12,800 TEU container ship MAERSK EUNAPOLIS on January 17, 2025. The vessel, built at JMU’s Kure Shipyard in Hiroshima Prefecture, is the
January 24, 2025

MSC says it will keep avoiding Red Sea for now

International Shipping, Ocean Attack, Shipping Line, Trade, Trending News
GENEVA : Container liner MSC Mediterranean Shipping Co. SA said it will continue to send its ships around Africa’s southern tip until further notice, a sign that any resumption to normal trade flows through the Red Sea is
January 24, 2025

MSC remains top in global container shipping market : Alphaliner

International Shipping, Shipping Line, Trade, Trending News
COURBEVOIE (FRANCE) : According to the latest data released by Alphaliner, as of January 14, there were 7,211 container ships in service worldwide, with a total capacity of 31.5604 million TEUs, equivalent to about
January 24, 2025

Klaipėda Port moves into the future: the country’s first hydrogen-powered ship is already in the water

International Shipping, Foreign Ports, Maritime, Shipping, Shipping Line, Technology, Trending News
KLAIPEDA : The first ever green hydrogen and electricity-powered ship in Lithuania, commissioned by the Klaipėda State Seaport Authority, has been moved from shipyard into water. Leaving no trace on the environment, it will
January 24, 2025

NorthStandard launches one-stop-shop for smaller and specialist vessels

International Shipping, Marine Insurance, Shipping Line, Trade, Trending News
LONDON : NorthStandard has launched a new H&M and P&I product for smaller commercial vessels, typically up to 10,000 gross tonnes. The new offering will also include War, Loss of Hire and other ancillary
January 23, 2025

DP World says sea freight prices could fall 20% if Red Sea attacks curbed

International Shipping, Company, Foreign Ports, Logistics, Maritime, Shipping Line, Trade, Trending News
DUBAI : Ships not linked to Israel could begin returning to the Red Sea in as little as two weeks, DP World’s Deputy Chief Executive, Mr. Yuvraj Narayan said, adding that could see freight
January 23, 2025

Existing ships and those on order would produce twice the emissions required under a 1.5°C-aligned carbon budget : UCL Report

International Shipping, Maritime, Shipping, Shipping Line, Technology, Trending News
LONDON : A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter GHG regulations, due for adoption at
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