Baltic Index rises to three-week high as larger vessel rates firm
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight Index rose to scale an over-three-week high on Monday due to an increase in larger vessel rates. The main
CMA CGM acquires majority stake in South America’s largest container terminal
MARSEILLE : CMA CGM, a leading worldwide shipping company, has now become the controlling shareholder of Santo Brasil Participações S/A, after securing a 51% stake in the company.
PIL names its first 8,200 TEU LNG Dual-Fuel Containership
SINGAPORE : Pacific International Lines (PIL) has named its first 8,200 TEU LNG dual-fuel containership, Kota Oasis. The vessel was named by Mrs Cindy Chang, wife of Mr.
India’s Record Cargo Movement on Inland Waterways, Achieves 145.5 million tonnes in FY 2024–25
NEW DELHI : In a significant achievement for India’s inland water transport (IWT) sector, the Inland Waterways Authority of India (IWAI) reported a record-breaking cargo movement of 145.5
Shipping data: UNCTAD releases new seaborne trade statistics
GENEVA : Maritime transport moves over 80% of goods traded worldwide. Country-level seaborne trade data is vital for shaping better transport, trade and investment policies. UN Trade and
INTERCARGO welcomes ILO Recognition of Seafarers as Key Workers – A Milestone in Advancing Maritim
LONDON : The International Association of Dry Cargo Shipowners (INTERCARGO) welcomes the recent decision at the International Labour Organization (ILO) to officially recognise seafarers as key workers under
April sees unprecedented growth of India’s new export orders, PMI shows
NEW DELHI : April sees unprecedented growth of new export orders buoyed by the 90-day pause in the implementation of tariffs imposed by the Trump administration, HSBC Flash
Hapag-Lloyd says 30% of China’s US bound shipments have been cancelled
DUESSELDORF : Hapag-Lloyd customers have cancelled 30% of shipments to the United States from China, spooked by the trade conflict between the world’s two largest economies, a spokesperson
MSC partners and has placed order for six container ships with Hengli Heavy Industry
GENEVA : MSC Mediterranean Shipping Company, led by Soren Toft, has partnered with Hengli Heavy Industry for a new series of LNG dual-fuel megamax containerships. The Swiss-based liner
KMTC introduces new weekly service to Mexico, expanding Transpacific and Middle East connectivity
SEOUL : KMTC Line has unveiled a new weekly shipping service that will connect Asia with Mexico, slated to begin operations on April 30, 2025. This service will
