NEW DELHI : As Covid-19 and the ongoing Red Sea crisis pushed shipping rates several fold higher, hitting exports, exporters have urged the government to develop Indian shipping lines of global repute to boost
LONDON : On International Seafarers’ Day, IMO Secretary-General Arsenio Dominguez pays tribute to the 2 million seafarers who keep global markets and supply chains running. In a video message to seafarers, Mr Dominguez noted: “Seafarers have
HAMBURG : Hapag-Lloyd has updated its TPI (INDAMEX) Service rotation w.e.f August 8, 2024 to include stops at Savannah and Charleston, U.S. “As part of these changes, the current INDAMEX 2 (IN2) service will
SEOUL : South Korean shipbuilder Hanwha Ocean has handed over a newbuild LNG-ready 13,000 TEU containership, HMM Ruby, to compatriot shipping company HMM. HMM revealed the ship’s delivery via social media update on June
BALTIMORE : On March 26, the cargo ship Dali lost power and crashed into one of the Francis Scott Key bridge’s supporting columns and caused the bridge to collapse. The ship headed out of
GENEVA : Mediterranean Shipping Company (MSC) has announced the new Dhalia Service connecting Asia with the west coast of Mexico.The service will feature a rotation that will serve the trade between southern China and
WASHINGTON DC : Detention and demurrage (D&D) cases handled by the Federal Maritime Commission (FMC) in the United States have trebled since the pandemic and are set to reach historical highs by the end
NEW YORK : The spot rate for shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since the pandemic disrupted global supply chains
MUNDRA : Indian importers and exporters are dealing with considerable cargo delays at Mundra Port, which leads the country’s containerised trade. Local trade sources have raised serious concerns over the congestion plaguing Mundra’s container
GENEVA : MSC has announced the launch of its new weekly service, Osprey, between Asia and South East India. The Osprey service will offer a direct route and improve transit times between the Asian