20 months’ pay in year-end bonus for staff at Taiwan Shipping Giant Evergreen
TAIWAN : A Taiwanese company that is known for giving employees big bonuses has done it yet again. Shipping giant Evergreen announced on Dec 31 that its employees
CMA CGM re-postpones PSS from Indian Subcontinent, Middle East Gulf, Red Sea & Egypt to the US
MARSEILLE : CMA CGM re-postpones PSS charges from Indian Subcontinent, Middle East Gulf, Red Sea & Egypt to the US East Coast & US Gulf. The said PSS charges were supposed
Saudi Ports Authority enhances marine link with Iraq
BAGHDAD : The Saudi Ports Authority (Mawani) has announced a significant new initiative to connect King Abdulaziz Port in Dammam, Saudi Arabia, with Umm Qasr Port in Iraq.
Drewry WCI rises as industry anticipates ILA strike, policy changes
LONDON : The Drewry World Container Index (WCI) composite index increased by 2.68 per cent to $3,905 per 40-foot equivalent unit (FEU) on January 5, 2025, up from
SHIPPING: Union dockworkers, ports to resume negotiations ahead of 15 Jan deadline
HOUSTON : Union dockworkers and representatives for US Gulf and East Coast ports are expected to resume negotiations on a new master contract on 7 January, just more
Baltic Index extends gain as larger vessel rates firm
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a fifth consecutive session on Friday, aided
Drewry: World Container Index up by 3% this Week
LONDON : Drewry’s World Container Index increased 3% to $3,905 per 40ft container this week. Drewry’s detailed assessment for Thursday, 02 January 2025
Arkas Line extends routes to India
IZMIR : Arkas Line has strengthened its international presence by extending its route to India. Following its recent growth across the Red Sea, the company is now adding
Hapag Lloyd to apply new GRI/GRA from Middle East & Indian Subcontinent to North America
HAMBURG : Hapag-Lloyd announces General Rate Increase (GRI)/General Rate Adjustment (GRA) from Indian Subcontinent & Middle East* to North America** . This GRI/GRA is applicable to containers gated in full
IMO Secretary-General’s New Year 2025 message
LONDON : International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has highlighted key items on the IMO agenda for 2025. In a video message, Secretary-General Dominguez said: “We start