Baltic index slips to three-week low on weaker capesize, panamax rates
LONDON : The Baltic Exchange’s main sea freight index fell to over a three-week low on Monday, weighed down by weakness in the capesize and panamax vessel segments.
CMA CGM announces upgrade to service between Jeddah and NRX in partnership with Folk Maritime
MARSEILLE : Effective from April 2024, CMA CGM will operate NRX (North Red Sea Express), a joint upgraded service connecting Saudi Arabia Jeddah Islamic Port to NEOM, North
ClassNK certifies the world’s first onboard CCS installation on EVERGREEN’s Neopanamax containe
TOKYO : ClassNK has granted its “SCCS-Full”*1 class notation to “EVER TOP”, a Neopanamax container vessel owned by EVERGREEN. The notation signifies that the vessel is now equipped
Sea-Intelligence sees 2023 profitability close to pre-pandemic levels
COPENHAGEN : In 2023, all ocean carriers saw sharp year-on-year declines in their revenues, ranging between 46.6% and 62.6%, according to the latest Sea-Intelligence report. The Danish maritime
COSCO container ship damages Keelung berth after collision
KEELUNG CITY : Taiwan’s Keelung port sustained damage after one of COSCO Shipping Lines’ container ships came into contact while attempting to berth. The 2000-built, 1,702 TEU Fei
Samskip continues aggressive network expansion with new Spain-United Kingdom-Rotterdam Service launc
ROTTERDAM : Samskip launches shortsea container service connecting Santander, Tilbury and Rotterdam, delivering the service reliability, security and sustainability advantages of intermodal transport to customers throughout Spain, supported
CMA CGM to buy France’s biggest 24-hour news channel
MARSEILLE : French shipping tycoon Rodolphe Saade has agreed to buy France’s leading rolling news channel BFM TV off Patrick Drahi’s debt-laden Altice Group, their respective companies said on Friday,
MAWANI adds IMS service to King Abdulaziz Port
RIYADH : The Saudi Ports Authority ‘Mawani’ announced that VASI Shipping Pte Ltd has introduced the new shipping service ‘IMS’ at King Abdul Aziz Port in Dammam, connecting
COSCO Shipping’s 20,000 TEU ship to call at La Spezia
SHANGHAI : COSCO Shipping has recently announced that its 20,000 TEU containerships will begin regular calls at the Port of La Spezia. The COSCO Shipping Aries is expected
OCEAN Alliance rolls out new service network
SINGAPORE : OCEAN Alliance, consisting of CMA CGM, COSCO, Evergreen and OOCL, has announced the launch of its updated service network, called “DAY 8 Product”. After extending their partnership