India is reworking its Merchant Shipping Act
NEW DELHI : India is looking at reworking its merchant shipping laws as it replaces the existing eponymous Act of 1958. The new provisions will look to include
GTI welcomed maiden call of ME2 service
MUMBAI : GTI welcomed the maiden call of the ME2 service this week. The ME2 service, operated by Maersk is a premium
New overweight surcharge by shipping lines worries shippers in Cochin Port
KOCHI : The shipping fraternity in the Cochin Port is keeping their fingers crossed, over the decision of some international shipping lines, to introduce a new overweight surcharge
A.P. Moller – Maersk delivered solid 2023 financial results in a difficult environment
COPENHAGEN : A.P. Moller – Maersk (Maersk) delivered solid financial results for 2023 in line with our financial guidance for the year. While volumes were up across most
COSCO SHIPPING Lines opens new office branch in Morocco
SHANGHAI : COSCO SHIPPING Lines has opened its new branch office, SARL, in Casablanca, Morocco. Diamond Line, a subsidiary of COSCO Shipping Lines (Europe) GmbH, will play an
A.P. Moller-Maersk is the first to secure SBTi validation with new maritime guidance
COPENHAGEN : The greenhouse gas emissions targets set by A.P. Moller-Maersk have received validation from the Science Based Targets initiative (SBTi), aligning them with the 1.5-degree pathway outlined
CMA CGM applies new overweight surcharges from India
MARSEILLE : French-headquartered box line CMA CGM has announced a new overweight surcharge (OWS) effective from 7 February 2024 until further notice. The surcharge applies to cargo originating
CMA CGM pauses Red Sea transits
MARSEILLE : French container shipping company CMA CGM informed its customers that as from 1 February 2024 and until further notice, all services initially routed via the Red
Maersk commences new ME8 Service between Middle East and Europe
COPENHAGEN : Maersk will launch a new weekly service connecting the Middle East with Europe in mid-February. The new service, called ME8, will sail via the Cape of
Red Sea attacks force firms to test new land routes via UAE, Saudi
CAIRO : An Israeli software startup and one of the world’s biggest shipping lines are among companies that for the first time are opening up commercial trade routes running through