LONDON : The Baltic Exchange’s main sea freight index marked its first weekly gain in four on Friday, helped by higher rates for capesize vessel segments. The overall index, which factors in rates for
GENEVA : MSC has launched a new standalone service, Clanga, reinforcing its ongoing commitment to providing an extensive network of direct port pair connectivity to address the challenges of port congestion in the Middle
GENEVA : MSC has reached an unprecedented market share of 19.8%, the highest ever recorded by a carrier, according to Alphaliner. The Geneva-based carrier has added about 400,000 TEU to its fleet this year,
NEW DELHI : FEDERALBOXX announce the launch of their services in India. FEDERALBOXX is the world’s first unified digital networking shipping platform. This revolutionary platform is set to transform the global shipping industry by
COPENHAGEN : In continuation of its fleet renewal programme initiated in 2021, A.P. Moller – Maersk is in the process of signing newbuilding orders and time-charter contracts for dual-fuel vessels matching the planned renewal
NEW DELHI : The government on Tuesday said that at present, there is no proposal for a Production Linked Incentive (PLI) scheme for the manufacturing of shipping containers in the country. Minister of State
MARSEILLE : French container carrier CMA CGM has announced a Port Congestion Surcharge (PCS) due to the current congestion in Banjul, Gambia. The surcharge will take effect on 15 August 2024 and 1 September
HONG KONG : Wallem Group, a leading global maritime partner, is pleased to announce it has signed a strategic cooperation agreement with COSCO Shipping Seafarer Management Company to enhance the cooperation of both organisations.
SINGAPORE : SeaLead, a fast-growing global shipping line, on Monday announced the appointment of Mr. Mark Lee as Managing Director, SeaLead USA, at a time of continued growth and expansion in the region. Mr.
NEW DELHI : In a significant move to bolster India’s maritime sector, the government has implemented a series of measures aimed at enhancing the capacity and competitiveness of Indian shipping lines. These initiatives are