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October 21, 2024

Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up

International Shipping, Foreign Ports, Global Trade, Shipping Line, Trending News
LOS ANGELES : Record imports over the last several months at West Coast ports, driven by the recent US East Coast and Gulf Coast strike diversions and ongoing Red Sea issues, are leading to
October 21, 2024

South Korean shipbuilder Hanwha Ocean joins GCMD as Strategic Partner

International Shipping, Maritime, Ship Building, Ship Bunkering, Shipping Line, Trending News
SEOUL : The Global Centre for Maritime Decarbonisation (GCMD) and Hanwha Ocean today announced a five-year strategic partnership to advance maritime decarbonisation in the areas of alternative low-/zero carbon fuels, energy efficiency technologies, and
October 21, 2024

Baltic index falls for third week on weaker rates across vessels

International Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s main sea freight index dipped on Friday, marking its worst week in five months as demand for all vessel segments declined. The index, which factors in rates for capesize,
October 21, 2024

Drewry: World Container Index down by 4% last week

Container, International Shipping, Maritime, Shipping Line, Trade, Trending News
LONDON : Drewry’s World Container Index decreased 4% to $3,216 per 40ft container last week.
October 19, 2024

Hapag-Lloyd and Maersk confident in Gemini’s Ambitious 90% reliability target

International Shipping, Global Trade, Shipping Line, Trending News
HAMBURG : The heads of the new Gemini Cooperation—Rolf Habben Jansen, CEO of Hapag-Lloyd, and Kenni Skotte, Vice President and Head of Ocean Network Product at Maersk—took the stage together at the Xeneta Summit in
October 19, 2024

Ocean Network Express Releases 2024 Sustainability Report

International Shipping, Shipping Line, Trade, Trending News
SINGAPORE : Ocean Network Express (ONE) is pleased to announce the release of its Sustainability Report 2024. The report provides a summary of ONE’s sustainability commitments and initiatives from 1 January 2023 to 31
October 19, 2024

ClassNK awards world’s first notation for ships using green steel – for NYK Bulk & Projects’ bulk carrier ‘BRIGHT QUEEN’ –

International Shipping, Maritime, Shipping Line, Trending News
TOKYO : ClassNK has granted the class notation ‘a-EA (GRS)’ to ‘BRIGHT QUEEN’, the bulk carrier operated by NYK Bulk & Projects Carriers Ltd., certifying the use of green steel. This is the world’s
October 15, 2024

KR Publishes Report on Safe Maritime Transport of Electric Vehicles on PCTCs

International Shipping, Maritime, Shipping Line, Transport, Trending News
BUSAN : KR (Korean Register) has published a report on the safe maritime transport of electric vehicles on Pure Car and Truck Carriers (PCTC). Electric vehicle fires are known to be difficult to extinguish
October 15, 2024

German shipping companies warn a Trump presidency would hurt business

International Shipping, Global Trade, Shipping Line, Trending News
HAMBURG : A potential re-election of Donald Trump as US president would pose challenges for the German shipping industry, according to a study by auditing firm PwC seen by DPA, German Press Agency. The
October 15, 2024

Baltic index extends gains as capesize rates rise

International Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second consecutive session on Monday, propped up by higher rates for the capesize
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