HELSINKI: ABB has secured a contract with Helsinki Shipyard to supply a complete electric power and propulsion solution for the Polar Max icebreaker, which is expected to be delivered to the Canadian Coast Guard
MUMBAI : Mediterranean Shipping Co. has become the latest major ocean carrier to invest beyond port-to-port shipping and inland logistics operations in India. The world’s largest liner operator has confirmed a program to reflag
SHANGHAI : COSCO Shipping has announced a substantial $1.75 billion newbuilding initiative, aimed at enhancing and modernizing its fleet with the addition of 29 new vessels. This ambitious program includes 23 kamsarmax bulk carriers
SINGAPORE: Samudera Shipping Line has released its 3QFY2025 ended Sept 30 business update, which saw container shipping volumes rise to 503,000 twenty-foot equivalent unit (TEU), up from the 486,000 TEU previously. However, average freight
KEELUNG CITY: Yang Ming Marine Transport Corporation (“Yang Ming”) signed contracts for six 8,000 TEU-class methanol dual-fuel-ready containerships with Nihon Shipyard Co., Ltd. (“Nihon Shipyard”), Imabari Shipbuilding Co., Ltd. (“Imabari Shipbuilding”), and Shoei Kisen
LONDON: The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, edged lower on Friday and recorded its weakest monthly performance since April. The main index, which tracks
LONDON: Drewry’s World Container Index increased 4% to $1,822 per 40ft container last week. Drewry’s detailed assessment for Thursday, 30 Oct 2025 Ocean spot market freight rates against 6,700 global port pairs If you
MUMBAI: In a major push towards India’s port infrastructure expansion, Jawaharlal Nehru Port Authority (JNPA) , the country’s largest container port, signed three significant Memorandums of Understanding (MoUs) on the second day of India
SINGAPORE : CMA CGM has received the Green Ship Award at the Singapore Registry of Ships Forum 2025, marking concrete progress in reducing the environmental impact of shipping. The CMA CGM SEINE and the
By Bryn Heimbeck, President and Co-Founder of Trade Tech Warren Buffett recently affirmed a principle at the heart of global progress: “balanced trade is good for the world,” noting, “the more prosperous the rest of the world becomes, …