HAMBURG : German ocean carrier Hapag-Lloyd reported a significant decrease in earnings in the 2023 financial year, while its container volumes saw a slight uptick. According to preliminary and unaudited figures, the Hamburg-based company’s
SINGAPORE : Mainline operators which are still offering Red Sea services are configuring their routes to transit the troubled region. Hapag-Lloyd has launched an ad hoc Jeddah Express (JDX) service calling at Tanger Med,
COPENHAGEN : Sea-Intelligence has released the 149th issue of the Global Liner Performance (GLP) report, providing schedule reliability data up to and including December 2023 and covering schedule reliability across 34 different trade lanes
MUMBAI : The boost in container freight rates seen on trades out of India as a consequence of the Red Sea crisis has accelerated in recent weeks, according to the latest market analysis. On
ANTWERP : After three years of efforts to prepare the Antwerp port for container ships with a 16-meter draft, the Belgian port is now ready to welcome the largest vessels during its regular operations.
SINGAPORE : Pacific International Lines (PIL) has successfully completed full integration with the Singapore Trade Data Exchange (SGTraDex) platform, making PIL the first shipping line to do so. This achievement, realised through a collaborative
SINGAPORE : Ocean Network Express (ONE) is proud to announce the award of Approval in Principle (AiP) for an Ammonia Dual-fueled vessel. Along with the investment in 12 methanol dual-fueled vessels, this marks another
GENEVA : Aiming to improve its Europe – South Africa network, MSC has announced the enhancement of its NWC to South Africa Service, effective from March, and the launch of a new feeder service
NEW DELHI : FIEO President (OFFICIATE) Mr. Israr Ahmed has announced FIEO’s Pre- Budget proposal for the upcoming Union Budget 2024-25. 1. R&D Support key to sustained Exports growth: R&D is an integral part
TOKYO : In December 2023, Nippon Yusen Kabushiki Kaisha (NYK), Japan Engine Corporation, IHI Power Systems Co., and Nihon Shipyard Co., Ltd. signed a series of contracts to construct the world’s first ammonia-fueled medium