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
SCI Land & Assets to debut on bourses on March 19 under T2T category
MUMBAI : Shipping Corporation of India Land and Assets (SCILAL), a demerged entity of Shipping Corporation of India (SCI), will debut exchanges on March 19, 2024 under the
Carriers ‘undo’ rate hikes on India-US trades amid cargo volume pressure
MUMBAI : Container carriers appear to have abandoned plans to hike freight rates on Indian trades to the United States, as they are facing a slump in cargo
Baltic index slips as capesize losses outweigh panamax gains
LONDON : The Baltic Exchange’s main sea freight index declined on last Thursday, as a fall in capesize rates overshadowed gains in the panamax segment. The overall index,
ClassNK awards first-ever notation to Fuyo Kaiun’s bulk carrier “ELETTRA”
TOKYO : ClassNK has granted its “ELW” (Excellent Living and Working Environment) notation to “ELETTRA”, a bulk carrier owned by Fuyo Kaiun Co.,Ltd. The vessel becomes the first
Indian Navy rescued Bangladeshi vessel near Somalia, attacked by Somalian pirates
NEW DELHI : The Indian Navy responded to an SOS by a Bangladesh-flagged cargo ship that was seized by pirates off the Somalia coast and took 23 of
Maersk and Hapag-Lloyd Gemini Alliance will seek to reduce costs
HAMBURG : With returns sliding back to pre-Covid levels after the supercharged pandemic period shipping lines are looking to control costs again to keep their heads above water.
Houthis claim first attacks on ships in Indian Ocean
SANA’A : Yemen’s Iran-backed Houthi militia claimed on Friday that it had attacked Israeli and American ships in the Indian Ocean for the first time, only hours after
