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
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
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,
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)
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
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
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
RIYADH : During 2023, the Saudi Ports Authority “Mawani” strengthened the maritime and logistics sectors, contributing to the Kingdom’s exceptional leaps in international indicators and solidifying its position as a global logistics center. These
HAIFA : ZIM announced new increased rates from the West Mediterranean ports to all ports in the United States East Coast, Gulf, Canada and Mexico. The new rates were published in ZIM’s Tariff update
COPENHAGEN : Maersk, one of the world’s largest shipping companies, on Sunday (Dec 31) said that it was suspending the passage of its vessels through a significant Red Sea strait for 48 hours after