January 5, 2024
April 6, 2026
January 5, 2024
Red Sea crisis pushes container shipping spot rates to highest level in over a year
LONDON : Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based in Yemen, carriers
January 5, 2024
COSCO Shipping Energy invests $449M in methanol dual-fuel tankers
SHANGHAI : COSCO Shipping Energy Transportation, has recently finalized significant shipbuilding agreements, securing contracts for the construction of six new tankers valued at a total of $449 million. As informed, this move represents a
January 4, 2024
Indian exporters brace for more price hikes as normalcy evades Red Sea
MUMBAI : Indian exporters may continue to witness a rise in shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez Canal, opting for the longer route
January 4, 2024
Red Sea conflict sees Air cargo demand rise
PUTEAUX (FRANCE): Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics. The international transport and logistics company said that the “volatile” situation,
January 4, 2024
Schedule reliability continues to decline : Sea-Intelligence Report
COPENHAGEN : Global schedule reliability has declined by 2.5 month-over-month (MoM) in November 2023 to 61.9 per cent. According to Sea-Intelligence’s issue 148 of the Global Liner Performance (GLP) report, on a year-over-year (YoY)
January 4, 2024
Yemen’s Houthis say they ‘targeted’ container ship CMA CGM Tage, no damage reported
NEW YORK : Yemen’s Iran-backed Houthis said on Wednesday they had “targeted” a container ship bound for Israel, a day after the US Central Command (CENTCOM) said the militant group had fired two anti-ship
January 4, 2024
Italian container line Kalypso files for bankruptcy amid ongoing conflict between Israel and Hamas
ROME : Italian startup container line Kalypso has filed for bankruptcy following a collapse in freight rates and the disruption of its services to Israel, reported Italian media. The freight forwarder Rif Line launched
January 3, 2024
ONE announces Japan Taiwan Cat Lai (JTC) Service
SINGAPORE : Ocean Network Express (ONE) has unveiled its latest service – the Japan Taiwan Cat Lai (JTC) Service. JTC is designed to offer customers enhanced connectivity through new direct services, ensuring swift transit
January 3, 2024