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January 23, 2025

Existing ships and those on order would produce twice the emissions required under a 1.5°C-aligned carbon budget : UCL Report

International Shipping, Maritime, Shipping, Shipping Line, Technology, Trending News
LONDON : A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter GHG regulations, due for adoption at
January 23, 2025

Baltic Index hits near Two-Year Low on Weaker Rates across Vessels

Trending News, International Shipping, Shipping Line, Trade
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to its lowest level in 23 months on Wednesday, as rates dipped across all
January 22, 2025

Will CMA CGM be the first liner to resume the Red Sea Route?

International Shipping, Shipping Line, Trending News
MARSEILLE : The 11,388 teu CMA CGM COLUMBA is scheduled to make an eastbound Suez transit on 23 January 2025 after having passed through Suez on 6 December 2024 on its westbound voyage for
January 22, 2025

IMO launches Regional Presence Office for the MENA region in Alexandria, Egypt

Maritime, Organisation, Shipping Line, Trade, Trending News
ALEXANDRIA : The International Maritime Organization (IMO) has launched its Regional Presence Office (RPO) for the Middle East and North Africa (MENA) region during a ceremony held in the historic maritime city of Alexandria,
January 22, 2025

Baltic Index at over 1-year low as rates decline across segments

International Shipping, Ocean Attack, 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 for a sixth straight session on Tuesday to an over one-year low as rates
January 21, 2025

Global shipping giant MSC explores India for shipbuilding and repair opportunities

International Shipping, Ship Building, Ship Repair, Shipping Line, Trending News
GENEVA : The world’s largest container shipping line, Mediterranean Shipping Company (MSC) has initiated preliminary discussions with India’s Ministry of Ports, Shipping, and Waterways to identify a suitable greenfield site for developing a shipyard.
January 21, 2025

Sympathy for the shipping executive : Drewry

Export - Import, Foreign Ports, International Shipping, Maritime, Shipping, Shipping Line, Trade, Trending News
LONDON : Do not expect container lines to immediately return to Suez Canal transits after the Houthis say they will stop attacks on shipping. The return of Donald Trump is another wildcard for the
January 21, 2025

Houthi rebels to halt military operations against most ships in Red Sea

Export - Import, Foreign Ports, Global Trade, International Shipping, Ocean Attack, Shipping Line, Trending News
NEW YORK : Houthi rebels have said they will halt their military operations against most ships in the Red Sea, tanker chartering sources and brokers in Singapore, Tokyo and Dubai told S&P Global Commodity
January 21, 2025

Baltic index falls to 19-month low on weaker vessel rates

International Shipping, Dry Bulk 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, hit its lowest in more than 19 months on Monday as rates dipped across all
January 21, 2025

Advanced cranes En Route to enhance Suez Canal container terminal operations

International Shipping, Container Terminal, Shipping Line
CAIRO : The Suez Canal Container Terminal (SCCT), operated by APM Terminals and a pivotal Maersk hub, is set to receive its third shipment of state-of-the-art ship-to-shore (STS) cranes, a development poised to significantly
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