GENEVA : Global shipping costs surged in the first half of 2024, driven by unprecedented disruptions in major maritime routes and rising operational costs. The strain on supply chains and economies is intensifying, with
SHANGHAI : At the 2024 North Bund Forum held recently, China’s Shanghai Port and Germany’s Port of Hamburg vowed to work together on building a green shipping corridor, aiming to promote green transformation of
WASHINGTON : The owner and manager of the cargo ship that caused the deadly Baltimore bridge collapse have agreed to pay more than $102 million in cleanup costs to settle a lawsuit brought by the Justice
LONDON : The drive to decarbonize shipping requires robust safety measures to protect the lives of seafarers dealing with novel technologies and alternative fuels. Delegates representing the global maritime community gathered in Barcelona, Spain
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped for the ninth straight session on declines in rates across all vessels. The index,
NEW YORK : The Yemeni Houthi rebel attacks earlier this year on the crucial trade supply line that passes through the Red Sea was aided by Russian intelligence, the Wall Street Journal reported. The attacks, which
TOKYO : The ReCAAP Information Sharing Centre (ISC), with the support of the Japan Coast Guard and Ministry of Foreign Affairs of Japan, on Friday concluded a five-day Capacity Building Executive Programme (CBEP) in
MUMBAI : Jawaharlal Nehru Port Authority – India’s Best Performing Port, has taken proactive measures to address the concerns regarding the Empty Containers Yard by implementing Standard Operating Procedures for streamlining operations at the
COPENHAGEN : Maersk is implementing the Peak Season Surcharge (PSS), in order to keep providing with their global services. Origin Destination Rate basis Container Rate Effective date Brunei / China / Hong Kong China