SHIPPING: Asia-US container rates flat to higher as capacity reduction offers support
LONDON : Rates for shipping containers were stable to higher this week as carriers have reduced capacity by 4-5% along the trade route amid efforts to stop the
World’s First Biomethanol-powered Crew Transfer Vessels delivered
TOKYO : Northern Offshore Services (N-O-S), a subsidiary of Northern Offshore Group (NOG), an NYK Group company that operates crew transfer vessels in the global offshore wind industry,
Breakbulk cargo finds a place on container ships
GOTHENBURG : Even though container ships are primarily designed to transport standard containers, they can also accommodate breakbulk cargo, items that exceed the limitations of container dimensions. This
Better safeguarding measures are needed to support Cadets at Sea
Cadets are increasingly struggling to complete their cadetships due to a shortage of available placements onboard. In some instances, this scarcity has reportedly led to situations where individuals
ClassNK publishes first guidelines to include SMS Simplification
TOKYO : ClassNK, one of the world’s largest classification societies, has released Prime Shipmanagement Guidelines. This 59-page document offers practical steps to improve ship management. It focuses on
CMA CGM expresses keenness to fully return to the Suez Canal
ISMALIA : The Suez Canal Authority (SCA) engaged with major shipping lines, ship owners, and maritime agencies following recent security developments in the Red Sea region. This move
Shippers unlikely to return quickly to Red Sea after ceasefire
NEW YORK : Major shipping companies are likely to take their time before fully resuming transits through the Red Sea, waiting to see if a ceasefire announced May
Drewry: World Container Index down Last Week
LONDON : For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional
Baltic Index Falls, Posts Weekly Decline On Lower Capesize, Panamax Rates
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell to a more than two-week low on
CMA CGM levies emergency surcharges on Pakistani trade amid India tensions
MARSEILLE : Shippers are beginning to feel the financial pinch of the sudden escalation in military tensions between India and Pakistan in the form of contingency surcharges levied