June 5, 2024
April 4, 2026
June 4, 2024
Maersk faces significant port congestion in Asia and Mediterranean
OSLO : Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish Shipping Group said in a statement on Monday. As a result of that
June 3, 2024
PICT handled first-ever reefer container at Paradip Port
PARADIP : Paradip International Cargo Terminal(PICT) made history at Paradip Port with the first-ever refrigerated container (reefer) transport from PICT berth. The reefer container of B one was successfully loaded in MV MSC JUANITA
June 3, 2024
Container shipping rates going to rise high again
ATHENS : Container shipping rates are on the rise once more. In its latest weekly report, shipbroker Xclusiv said that “container shipping rates are soaring, nearing record highs from the pandemic era as the
June 3, 2024
Yang Ming to join league of 24,000 TEU ships
TAIPEI : Yang Ming Marine Transport’s management has hinted that the company will enter the league of 24,000 TEU boxship owners. Speaking at a shareholders’ meeting after releasing the Taiwanese liner operator’s 1Q 2024
June 3, 2024
Pakistan and European shipping firm expected to sign $2 billion investment agreement by October
KARACHI : Pakistan is expected to sign a $2 billion investment deal with a European shipping firm by October this year, the Pakistani maritime affairs minister said on Thursday, amid growing global interest in
June 3, 2024
Investors’ changing preferences for new ships
Dramatic changes in shipping investors’ emphasis on newbuilding orders have unfolded in the past few years, causing divergent orderbook profiles. Some further shifts, perhaps equally striking, can be expected over the years ahead. Collective
June 3, 2024
Drewry: World Container Index up 151% on a Yearly Basis
LONDON : Drewry’s World Container Index increased 4% to $4,226 per 40ft container last week. Ocean spot market freight rates against 790 global port pairs
June 3, 2024
Baltic Index logs monthly rise on strong Capesize demand
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose on Friday, marking a monthly gain, supported by increasing demand for the capesize vessel segment. The
May 30, 2024