Baltic index falls as larger vessel rates dip
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger vessel rates.
Hapag-Lloyd adds ninth LNG dual-fuel 23,600 TEU giant to the fleet
HAMBURG : The newbuild was officially christened on February 4, 2025, at Hanwha Ocean’s Shipyard in Okpo, South Korea. Following the christening ceremony, Bangkok Express set sail on
DBGT expands Global Reach with VOC Port’s support
TOOTHUKUDI : Dakshin Bharat Gateway Terminal proudly announces the successful berthing of M.V. HONG JIA 21, the maiden service to Port Klang (West), Malaysia, achieving a landmark milestone
GIFT City gets a booster dose as Budget doles out tax benefits for ship leasing companies
GANDHINAGAR : GIFT City, which is India’s only International Financial Services Centre (IFSC), has got a shot in the arm in the Union Budget as the government has
Maersk reports third-best financial year
COPENHAGEN : A.P. Moller – Maersk reports strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65% to USD 6.5
Transits through the Panama Canal down 10% : BIMCO
LONDON : “Between September 2024 and January 2025, ship capacity in deadweight tonnes transiting through the Panama Canal was 10% lower than the 2019-22 average. Although there were
Inmarsat Maritime signs expanded agreement with Maersk to enhance Global fleet Connectivity
LONDON : A.P. Moller – Maersk (Maersk), one of the world’s largest containership operators, and Inmarsat Maritime, a Viasat company, have signed an agreement to upgrade Inmarsat satellite
Baltic index rises for fifth straight session on stronger panamax, supramax rates
LONDON : The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for the fifth straight session on Thursday,
Gemini’s First Trans-Atlantic Service arrives at DP World Southampton
LONDON : DP World Southampton has welcomed its first ship arrival under the Gemini Cooperation agreement announced in November last year. The MV Leonidio docked at the Southampton
ClassNK issues Approval in Principle (AiP) for Coastal Liquefied CO2 Carrier developed by Mitsubishi
TOKYO : ClassNK has issued an Approval in Principle (AiP) for a design concept of a coastal liquefied CO2 carrier jointly developed by Mitsubishi Shipbuilding Co., Ltd. and