Shipping delays surge at Singapore Port
SINGAPORE : The number of vessels arriving at the Port of Singapore which was 2,303 last month increased 66 per cent compared to May 2023. Through May, Singapore
90% of container vessels delayed in Singapore amid Red Sea crisis : Chee Hong Tat
SINGAPORE : Singapore’s Transport Minister Chee Hong Tat informed parliament in his recent written response that around 90% of container vessels are arriving off-schedule in Singapore due to
PIL has launched the market’s first China Calcutta Service (CCS)
SINGAPORE : Pacific International Lines (PIL) is pleased to announce that we have launched our China Calcutta Service (CCS), the first in the market to link South China to
MSC announces new East-West service network adjustments
GENEVA : MSC will adjust its new standalone services, Swan and Britannia aiming to enhance its network.Swan service will become Swan-Sentosa to provide a new corridor for Eastbound
Hapag-Lloyd CEO sees solid shipping demand driving up freight rates
HAMBURG : Solid container shipping demand has driven up freight rates over the past two months, Hapag-Lloyd Chief Executive Mr. Rolf Habben Jansen said in a call with
MSC’s market share now at 20% as fleet nears 6 million TEUs
GENEVA : MSC now has a market share of 20%, as its aggressive newbuilding drive and ship purchases placed the largest liner operator’s fleet at just under 6
Dry Bulk Market: Freight Rates and Ships’ Prices on the Rise
ATHENS : The dry bulk market is witnessing a “euphoria” phase of past times, with freight rates and asset prices on the rise over the past few weeks.
Baltic index hits one-week low on weaker vessel rates
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a one-week low on Thursday, dragged by weaker
Drewry: Multipurpose Time Charter Index expected to increase further in July
LONDON : The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the
Hapag-Lloyd facilitates shipment of Mobile Container Lab to India
HAMBURG : In an exciting collaboration with the Hamburg University, Hapag-Lloyd has successfully shipped a Mobile Container Lab to India. This innovative lab, designed for the research of