Drewry WCI rises as industry anticipates ILA strike, policy changes
LONDON : The Drewry World Container Index (WCI) composite index increased by 2.68 per cent to $3,905 per 40-foot equivalent unit (FEU) on January 5, 2025, up from
SHIPPING: Union dockworkers, ports to resume negotiations ahead of 15 Jan deadline
HOUSTON : Union dockworkers and representatives for US Gulf and East Coast ports are expected to resume negotiations on a new master contract on 7 January, just more
Baltic Index extends gain as larger vessel rates firm
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a fifth consecutive session on Friday, aided
Drewry: World Container Index up by 3% this Week
LONDON : Drewry’s World Container Index increased 3% to $3,905 per 40ft container this week. Drewry’s detailed assessment for Thursday, 02 January 2025
Arkas Line extends routes to India
IZMIR : Arkas Line has strengthened its international presence by extending its route to India. Following its recent growth across the Red Sea, the company is now adding
Hapag Lloyd to apply new GRI/GRA from Middle East & Indian Subcontinent to North America
HAMBURG : Hapag-Lloyd announces General Rate Increase (GRI)/General Rate Adjustment (GRA) from Indian Subcontinent & Middle East* to North America** . This GRI/GRA is applicable to containers gated in full
IMO Secretary-General’s New Year 2025 message
LONDON : International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has highlighted key items on the IMO agenda for 2025. In a video message, Secretary-General Dominguez said: “We start
US East Coast dockworkers, employer group to restart talks next week
WASHINGTON D.C. : The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) are set to resume contract talks on Jan. 7, according to a person
Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches
MOSCOW : Russian officials warned of severe environmental damage on Wednesday as thousands of people came out to clean up tons of fuel oil that spilled out of
Baltic index rises on gains in larger vessel segments
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, supported by gains in larger vessel