Boluda opens the door for MSC to enter its tugboat subsidiary with a 49% stake
GENEVA : Boluda and MSC strengthen their alliance with a strategic merger in the tugboat business. The merger by absorption is expected to be finalized between April and
Governments expected to agree on World’s First Levy on Shipping Emissions at upcoming IMO Meeting
LONDON : Countries are expected to close in on a global shipping levy at next week’s International Maritime Organization meeting in London. Support is growing for a global
ONE launches new Vietnam – China Express Service
SINGAPORE : Ocean Network Express (ONE) has announced the launch of a new service, Vietnam China Express (VCX). With five days of travel from Ho Chi Minh to
Maersk and Castlery forge partnership on freight and integrated logistics services for 10 years
SINGAPORE : A.P. Moller – Maersk (Maersk), an integrated logistics company, and Castlery, the Singapore-founded international furniture brand, have signed a 10-year ocean and integrated logistics service agreement,
Yang Ming enhances JKX Service with Haiphong Extension
SINGAPORE : Yang Ming Marine Transport Corporation (“Yang Ming”) will further optimize its intra-Asia service network by enhancing its Japan (Kansai) – Taiwan – South China route (Japan
Bahri, TASARU, and The Mosolf Group join forces to Deliver Comprehensive Automotive Logistics for th
RIYADH : In a landmark move to redefine automotive logistics in Saudi Arabia, Bahri Logistics, a subsidiary of Bahri, The National Shipping Company of Saudi Arabia, renowned for
PM Modi visits control room of CMA CGM in Marseille and ITER facility with President Macron
MARSEILLE : Prime Minister Shri Narendra Modi along with President Emmanuel Macron of France the International Thermonuclear Experimental Reactor in Cadarache and also visited the control room
Regional container trade imbalances increase 33% : BIMCO
LONDON : “Since 2019, the global container market has grown 8%, ending at 183.2m TEU in 2024 according to Container Trade Statistics. However, growth has been very uneven
Baltic index slips on lower capesize, panamax rates
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a second straight session on Tuesday, dragged
Asia-US container rates tick lower; shippers frontloading cargoes on tariff pause
LONDON : Rates for shipping containers from Asia to the US ticked lower this week, although they could see upward pressure from shippers pulling forward volumes ahead of
