March 16, 2024
April 6, 2026
March 16, 2024
Houthis claim first attacks on ships in Indian Ocean
SANA’A : Yemen’s Iran-backed Houthi militia claimed on Friday that it had attacked Israeli and American ships in the Indian Ocean for the first time, only hours after its leader promised to extend action
March 15, 2024
Hapag Lloyd renews appointment of Rolf Habben Jansen as CEO and also extends contract of Donya-Florence Amer
HAMBURG : The Supervisory Board of Hapag-Lloyd AG has approved an early renewal of the contract of Chief Executive Officer (CEO) Rolf Habben Jansen, which runs until 31 March 2027, for five years, until
March 15, 2024
As the highest throughput in its history, King Abdul Aziz Port in Dammam continued breaking records by handling 235,820 TEUs
DAMMAM : In February 2024, King Abdul Aziz Port in Dammam achieved a new record by handling 235,820 TEUs, an increase of 25.41% compared to the previous throughput of 166,956 TEUs in 2023. This
March 15, 2024
Container rates drop to unsustainable levels : Maersk CEO
COPENHAGEN : The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk, CEO Mr. Vincent Clerc told the group’s annual meeting
March 15, 2024
Hapag-Lloyd records third-highest group profit in history despite significant financial declines
HAMBURG : Hapag-Lloyd has reported revenues of US$19.4 billion and profit of US$3.2 billion in 2023, translating to massive year-on-year drops from US$36.4 billion and US$18 billion, respectively. Additionally, the company’s earnings before interest
March 15, 2024
Mawani records growth in Imported Containers by 16.88% and Cargo Throughput Tonnage by 1.44% in February 2024
RIYADH : The ports supervised by the Saudi Ports Authority ‘Mawani’ have recorded a growth in the statistics of imported containers by 16.88%, reaching 266,672 TEUs, compared to 193,937 TEUs in 2023. They also
March 15, 2024
Ocean Network Express opens new office in Myanmar
SINGAPORE : Ocean Network Express (ONE) has announced the grand opening of the company’s new office space in Myanmar. The new ONE Myanmar office at Sakura Towers, Bogyoke Aung San Road is located in
March 14, 2024
Maersk and CMA CGM suspend Rio de Janeiro Port call on Bossa Nova/SIRIUS Service
GENEVA : Maersk and CMA CGM have notified their customers about upcoming adjustments to their joint Bossa Nova/SIRIUS Service connecting the Mediterranean with the East Coast of South America. Effective from 14 March, there
March 14, 2024