Hapag-Lloyd to increase rates worldwide in December
HAMBURG : Hapag-Lloyd has announced rate increases in several routes across the world, which will take effect in December 2023. The German carrier will implement a general rate
MSC announces update #4 on the Israel situation
GENEVA : MSC continues to monitor and assess the developing situation in Israel to ensure the safety of its personnel and minimize disruption to customer supply chains. As
CMA CGM, World’s no. 3 container carrier warns against price war
MARSEILLE : CMA CGM, the World’s No. 3 container carrier, urged the industry to avoid a price war as the delivery of new vessels threatens to push global
MSC and Ferrovie dello Stato Italiane sign MoU on development of Intermodal Hubs across Italy
GENEVA : MSC and FS Italiane have agreed to form a new company specializing in intermodal transport and logistics, to design, build and operate new cargo terminals at
Concordia Damen: Trial run of World’s first new-build hydrogen-powered inland shipping vessel R
AMSTERDAM : Lenten Scheepvaart (the Netherlands) will go down in history as the owner of the world’s first-ever newbuild hydrogen-powered inland shipping barge. With this, the shipping company
IFSCA seeks nod to permit foreign flag ships to operate from GIFT City
GANDHINAGAR : The International Financial Services Centres Authority (IFSCA) has sought the intervention of the Directorate General of Shipping (D G Shipping) to permit foreign flag ships to
Panama’s drying canal menaces global fuel markets
PANAMA CITY : A vital conduit of global trade is running dry. The Panama Canal is being hobbled by a lack of rainfall, which has dried up a
ZIM reports over US$2.2 billion loss in third quarter
HAIFA : Israeli container line ZIM has announced a net loss of US$2.27 billion in the third quarter of the year, while the company achieved a US$1.66 billion
Box lines announce new efforts to hike rates on India-US Trades
MUMBAI : Container lines serving the India-US trade seem to have realised that pushing through hefty general rate increases (GRIs) or peak season surcharges (PSSs) is a hard game,
Foreign ships to have a tough time in ‘Amrit Kaal Vision 2047’ for Maritime
NEW DELHI : Far from removing a so-called cabotage law to permit foreign flag ships to carry all types of cargo on local routes to boost coastal shipping