Bahri posts solid growth in first 9 months; net profit up 40%
RIYADH : The National Shipping Company of Saudi Arabia (Bahri), the kingdom’s leading shipping and logistics provider, announced its financial results for the third quarter and the first
Xeneta Shipping Index October 2024: Long term market turns a corner as rates fall
OSLO : The ocean container shipping market turned another corner in October as the Xeneta Shipping Index (XSI®) fell for the first time since June. The Global XSI®,
Egypt reports $6B loss from Houthi attacks on commercial shipping
CAIRO : Egyptian Foreign Minister Badr Abdel Aati announced that Houthi attacks on commercial vessels transiting through the Bab al-Mandeb Strait and the southern Red Sea have inflicted
Drewry’s World Container Index up 4% last Week
LONDON : Drewry’s World Container Index increased 4% to $3,213 per 40ft container this week. Drewry’s detailed assessment for Thursday, 31 October 2024
Baltic Index logs Fifth Weekly Loss on Weaker Rates across all Vessel segments
LONDON : The Baltic Exchange’s dry bulk sea freight index fell on Friday and posted its fifth straight weekly loss, weighed by weaker rates across vessel types. The
Maersk reports strong results across all business segments
COPENHAGEN : A.P. Moller – Maersk (Maersk) continued its strong business performance in the third quarter. Maersk reported growth across its businesses and financial results significantly above those
Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat
COPENHAGEN : A.P. Moller-Maersk, opens new tab expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through
LR awards maritime industry’s first enhanced antifouling type approval to GIT Coatings
LONDON : Lloyd’s Register (LR) has awarded the maritime industry’s first Enhanced Antifouling Type Approval to GIT Coatings. The development of this new type of approval sets a new
European Space Agency launches the DECARDIS project with Awake.AI, ABB and Wallenius Marine to optim
PARIS : The European Space Agency (ESA) has initiated a new flagship project, Decarbonization through the Digitalization in Shipping (DECARDIS), together with optimization platform company Awake.AI, technology leader
PIL and SSES complete the inaugural LNG bunkering of PIL’s first LNG dual-fuel 14,000 TEU containe
SINGAPORE : Pacific International Lines (PIL) and bunkering supplier, Shanghai SIPG Energy Service (SSES), successfully completed the inaugural Liquefied Natural Gas (LNG) bunkering of PIL’s first LNG-powered container