MSC Houston V loses containers in bad weather off Portugal
GENEVA : A container vessel operated by MSC lost some of its cargo of containers while underway in the Atlantic Ocean off the coast of Portugal on Thursday,
China’s Container Crisis: Falling Rates and Cooling Demand Concern Traders & Lessors
HAMBURG : China’s container logistics businesses face mounting pressure as declining container prices and leasing rates caused by weak cargo demand strain the industry. The market is experiencing
ClassNK appoints new President & CEO and Executive Vice President
TOKYO : Current Senior Vice President Hayato Suga has been appointed as President & CEO as well as Representative Director of ClassNK and current Corporate Officer Fumihiko Higashi
Rising rates across all segments push Baltic Index to one-week peak
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight Index, which monitors rates for vessels moving dry bulk commodities, rose to a one-week high on Monday, helped by
Sarbananda Sonowal on Three-Day Visit to Singapore as India Seeks to Boost Maritime Cooperation
NEW DELHI / SINGAPORE : The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal is embarking on a Three Day Official visit to Singapore to take part in
Advice for BIMCO members in relation to proposed US trade action
LONDON : On 21 February, The Office of the United States Trade Representative (USTR) announced it was inviting comments from the public in respect of its “Section 301
DP World to begin construction of £1BN London Gateway expansion
LONDON : Construction work to expand London Gateway and establish the facility as the UK’s largest container port will begin in May after DP World was given approval
Cross-Platform eBLs become a reality as OOCL and a major oil and gas company go live
HONG KONG / LONDON : Global Shipping Business Network (GSBN), ICE Digital Trade and IQAX launched their landmark interoperable eBL solution on Friday. The first transaction was initiated
CULines launches JPS Feeder Service to strengthen regional transhipment
SHANGHAI : CULines to launch the new Jeddah-Port Sudan Express (JPS) feeder service to expand its Red Sea service network and enhance Jeddah transhipment services, starting from April
Seven Asian shipping lines launching China-Mexico service
SINGAPORE : Seven Asian shipping lines are together launching China-Mexico service. Jointly operated by China’s Sinotrans Container Lines, Taiwan’s TS Lines, Singapore’s SeaLead Shipping and Emirates Shipping Line, Thailand’s Regional
