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IMO celebrates Day of the Seafarer today

LONDON : On 25 June, the global maritime community comes together to celebrate the Day of the Seafarer. This year, IMO launched the campaign 'My...

Policybazaar for Business unveils “Enroute” to transform Marine Transit Insurance

NEW DELHI : In a strategic move to empower Indian businesses, Policybazaar for Business (PBFB) has introduced Enroute, a digital platform that slashes the...

Chinese yard launches CMA CGM’s newest methanol-powered containership

SHANGHAI : China's Dalian Shipbuilding Industry Company launched a new container vessel into the water at its Tianjin facilities on Monday, June 23. CMA CGM...

EST-Floattech expands Octopus Series portfolio with new LFP battery modules

AMSTERDAM : EST-Floattech, a leading Dutch energy storage systems provider for maritime and industrial applications, proudly announces the expansion of its Octopus Series with...

Hapag Lloyd reducing services to Port of Haifa temporarily

HAMBURG : German shipping line Hapag-Lloyd has temporarily reduced its container services to the Port of Haifa, Israel, which is being operated by Adani-Gadot...

Baltic Dry Bulk Index dips to over 2-week low as capesize rates retreat

LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a more than two-week...

Exporters may use other routes if Iran blocks Strait of Hormuz

NEW DELHI : The dramatic escalation in the Iran-Israel war with the entry of the US has aggravated the uncertainty over India’s foreign trade in goods, with the...

Iran–Israel war could shut Bandar Abbas port, push up air freight rates: Exporters tell Govt

NEW DELHI : Indian exporters on Friday urged the government to plan alternate shipping routes to West Asia, warning that the escalating Iran–Israel war...

Shipping insurance costs spike in the Middle East as Israel-Iran conflict rages

NEW YORK : Israel and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and...

Xeneta Weekly Ocean Container Shipping Market Update

OSLO : Xeneta analyst insight – Transpacific Peter Sand, Xeneta Chief Analyst commented “The market mid-low on the Transpacific trade has dropped 33% since 9...
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