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August 14, 2024

HMM achieves growth in first-half revenue and profits

International Shipping, Shipping Line, Trending News
SEOUL : HMM, South Korea’s major container line has posted significant gains in first-half revenue and profits. In particular, HMM reported a year-on-year 18.6% growth in its H1 revenue, reaching US$3.64 billion, an 88%
August 14, 2024

TT warns container seals are being ignored to the detriment of cargo security

Container, Export - Import, International Shipping, Logistics, Marine Insurance, Shipping Line, Trending News
LONDON : Loss due to theft is among the top three causes of claims received on an annual basis by the international freight and logistics insurance specialist, TT Club. Identification of trends, spikes and
August 14, 2024

Container xChange Customer Advisory-Essential measures for minimizing disruption amid Ningbo Port closure

Sea Cargo, Container Terminal, Foreign Ports, International Shipping, Shipping Line, Trending News
BRISBANE : Container xChange, an online container trading and leasing marketplace, is alerting the global container trading and leasing community to the serious repercussions of the recent explosion aboard the Yang Ming vessel YM
August 14, 2024

Windcat entrusts Anglo-Eastern with managing their first Elevation Series CSOV

International Shipping, Maritime, Shipping Line, Trending News
HONG KONG : As part of CMB.TECH, Windcat, Europe’s leading offshore personnel transfer company, has ordered six Elevation Series CSOVs in partnership with Damen Shipyards. Windcat will now partner with Anglo-Eastern for the technical
August 13, 2024

First refrigerator container rake flagged off by Waltair Rly division

Logistics, ICD, Rail Freight, Railway, Shipping Line, Trade, Trending News
VISAKHAPATNAM : The Waltair Railway division of the East Coast Railway Zone flagged off its first refrigerator container rake, laden with 43 containers with a load of 1,080 tonnes of frozen shrimp to Jawaharlal
August 13, 2024

Fire breaks out on MSC container ship in Colombo

Container, Foreign Ports, International Shipping, Shipping Line, Trending News
COLOMBO : Firefighters of the Sri Lanka Ports Authority (SLPA) Fire Brigade successfully extinguished the fire that broke around 00,30 hours on Sunday in the container vessel MSC Capetown III at the Port of Colombo. A sudden
August 13, 2024

MSC returns to Chinese shipyard with new order for 12 LNG-powered boxships

International Shipping, Shipping Line, Shipyards, Trending News
GENEVA : The latest shipbuilding cooperation between MSC and Zhoushan Changhong follows previous contracts for ten 11,400 TEU and ten 10,300 TEU LNG-powered containerships. What is more, the Chinese shipyard has officially entered the ultra-large dual-fuel containership construction
August 13, 2024

Great Eastern Shipping delivers 2004 built medium range product tanker Jag Pranam

Shipping, Company, Maritime, Shipping Line, Tanker, Trending News
MUMBAI : Great Eastern Shipping Company delivered its 2004 built Medium Range Product Tanker Jag Pranam to the buyers. The vessel was contracted for sale in May 2024. Excluding Jag Pranam, the company’s current
August 12, 2024

Even Suez Canal restart is No Silver Bullet for Container Shipping Turbulence, warns Lars Jensen

Container, Export - Import, Global Trade, International Shipping, Shipping Line, Trending News
COPENHAGEN : Shippers should anticipate continued volatility in container shipping freight markets through 2025, with even the re-start of operations through the Suez Canal not guaranteeing immediate respite from disruptions and soaring freight rates,
August 12, 2024

Drewry: World Container Index Down 3% Last Week

International Shipping, Container, Shipping Line, Trade, Trending News
LONDON : Drewry’s World Container Index decreased 3% to $5,551 per 40ft container last week. Drewry’s detailed assessment for Thursday, 08 August 2024 The latest Drewry WCI composite index of $5,551 per 40ft container
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