Baltic index set for first weekly gain in four on strong capesize demand
LONDON : The Baltic Exchange’s main sea freight index marked its first weekly gain in four on Friday, helped by higher rates for capesize vessel segments. The overall
MSC enhances Asia-Middle East trade network
GENEVA : MSC has launched a new standalone service, Clanga, reinforcing its ongoing commitment to providing an extensive network of direct port pair connectivity to address the challenges
MSC achieves record market share in Container Shipping
GENEVA : MSC has reached an unprecedented market share of 19.8%, the highest ever recorded by a carrier, according to Alphaliner. The Geneva-based carrier has added about 400,000
Launch of FEDERALBOXX in India : The World’s First Unified Digital Networking Shipping Platfor
NEW DELHI : FEDERALBOXX announce the launch of their services in India. FEDERALBOXX is the world’s first unified digital networking shipping platform. This revolutionary platform is set to
Maersk continues with fleet renewal plan
COPENHAGEN : In continuation of its fleet renewal programme initiated in 2021, A.P. Moller – Maersk is in the process of signing newbuilding orders and time-charter contracts for
No proposal for PLI scheme for manufacturing of shipping containers: Govt
NEW DELHI : The government on Tuesday said that at present, there is no proposal for a Production Linked Incentive (PLI) scheme for the manufacturing of shipping containers
CMA CGM applies PCS in Gambia
MARSEILLE : French container carrier CMA CGM has announced a Port Congestion Surcharge (PCS) due to the current congestion in Banjul, Gambia. The surcharge will take effect on
Wallem Group and COSCO enter strategic cooperation agreement
HONG KONG : Wallem Group, a leading global maritime partner, is pleased to announce it has signed a strategic cooperation agreement with COSCO Shipping Seafarer Management Company to
SeaLead announces Key Management Transition in USA to accelerate business growth
SINGAPORE : SeaLead, a fast-growing global shipping line, on Monday announced the appointment of Mr. Mark Lee as Managing Director, SeaLead USA, at a time of continued growth
India boosts Domestic Shipping Industry with Strategic Initiatives
NEW DELHI : In a significant move to bolster India’s maritime sector, the government has implemented a series of measures aimed at enhancing the capacity and competitiveness of