Baltic Index falls to One-Month Low as Larger Vessel Rates Dip
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to a one-month low on Wednesday, as rates declined
Inmarsat NexusWave exceeds 1,000 vessel orders amid growing demand for high-speed connectivity
LONDON : Inmarsat Maritime, a Viasat company, has announced that orders for NexusWave have exceeded1,000-vessels. Following months of rigorous development and testing, the service has gained incredible momentum
Wan Hai Lines’ India – East Med 2 Service commences operations
SINGAPORE : Wan Hai Lines‘ new India – East Med 2 Service (IM2 service), has commenced operations. This new service significantly expands Wan Hai Lines’ network by offering
MacGregor to deliver fully automatic twistlocks for Hapag-Lloyd’s 19,900 TEU Vessels
HELSINKI : MacGregor has secured an order from Hapag-Lloyd for its fully automatic twistlocks (ACV-1) “Hippo”, designed to improve cargo handling efficiency. Twistlocks are used to secure containers
VOC Port sets new milestones, reinforcing its strategic role in India’s Maritime Growth
TUTICORIN : V.O. Chidambaranar (VOC) Port has set remarkable benchmarks in cargo handling performance for the fiscal year 2025–26, solidifying its stature as a key player in India’s
Drewry: World Container Index down 9% last week
LONDON : For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional
Baltic Dry index posts weekly loss as capesize rates fall
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell on Friday, marking its second consecutive weekly decline, pressured
CCI Worldwide Logistics introduces ‘Trans Africa’ service with an estimated investment of 106 cr
MUMBAI : CCI Worldwide Logistics, a leading international freight forwarding vertical of CCI Group, announced the official launch of ‘Trans Africa’, a technology-led freight service designed to streamline
Maersk Line to commence shipping between China and Bangladesh
COPENHAGEN : Following Singapore-based PIL’s debut, Maersk Line will begin direct shipping services between China and Bangladesh from Shanghai. On September 9, Pacific International Lines (PIL) opened a
JNPA inaugurates its new Seafarer’s Club
NAVI MUMBAI : Jawaharlal Nehru Port Authority (JNPA) was honored to inaugurate its new Seafarer’s Club on the occasion of Day of the Seafarer 2025. This state-of-the-art facility