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November 22, 2024

MSC launches New Direct Service from Eastern Cape Region to Northern Europe

International Shipping, Shipping Line, Trade, Trending News
GENEVA : MSC is pleased to announce the launch of Eastern Cape Express Service, a new weekly service from Gqeberha (Port Elizabeth) and Walvis Bay directly to Northern Europe ports of Rotterdam, London Gateway, and Antwerp.
November 22, 2024

BDI still down 10% despite recovery in capesize demand : BIMCO

International Shipping, Shipping Line, Trade, Trending News
LONDON : “The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y. The capesize market has benefited from
November 22, 2024

Maritime Industry’s Green Future: KR’s latest Magazine reveals Key Decarbonization Insights

International Shipping, Maritime, Shipping Line, Trending News
BUSAN : KR (Korean Register) has released insightful analysis of Carbon Intensity Indicator (CII) ratings across its fleet in the fall edition of KR Decarbonization Magazine, offering crucial insights for maritime companies navigating the
November 21, 2024

The Network of the Future: Maersk updates on the UK port of call

International Shipping, Shipping Line, Trending News
COPENHAGEN : Last month, Maersk reached out with an update on the Gemini Cooperation and the Network of the Future to confirm that they expect to phase in the Cape of Good Hope network
November 21, 2024

ZIM reports financial results for the third quarter of 2024; raises full year 2024 guidance

International Shipping, Shipping Line, Trade, Trending News
HAIFA : ZIM Integrated Shipping Services Ltd. a global container liner shipping company, announced its consolidated results for the three and nine months ended September 30, 2024. Third Quarter 2024 Highlights • Net income
November 21, 2024

Shipping industry leaders expect Hong Kong to play bigger role in sustainable future

International Shipping, Global Trade, Maritime, Shipping Line, Trending News
HONG KONG : All eyes in the maritime-related industry are watching as the World Maritime Merchants Forum 2024 kicked off here on Monday to pool wisdom and consensus along the global shipping value chain
November 21, 2024

Baltic Index falls as Panamax and Supramax segments log declines

International Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday, pressured by weak rates across the panamax and supramax vessel segments. The
November 20, 2024

Sagarmanthan draws Successful Closure with Focus on Applying Knowledge for Sustainable Evolution of Maritime Sector

Maritime, Global Trade, Ports, Shipping, Shipping Line, Trending News
NEW DELHI : Sagarmanthan – The Great Oceans Dialogue, an initiative by the Ministry of Ports, Shipping & Waterways (MoPSW) and the Observer Research Foundation (ORF), drew a successful closure here on Tuesday, November
November 20, 2024

Port of Antwerp-Bruges to organise Roadshow in Ahmedabad today

Maritime, Foreign Ports, Ports, Shipping Line, Trade, Trending News
AHMEDABAD : Port of Antwerp-Bruges, with a delegation led by Vice President, Luc Arnouts, is organizing a high impact Roadshow to India in collaboration with Flanders Investment & Trade. Scheduled stops include three major
November 20, 2024

NorthStandard adjusts for conditions ahead with precautionary premiums increase

International Shipping, Global Trade, Marine Insurance, Maritime, Shipping Line, Trending News
LONDON : The return of higher claim volumes during 2024, increased exposure to larger claims, and continuing supply chain volatility have persuaded NorthStandard to adopt a precautionary 5% general increase in its 2025-26 premiums.
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