NEW DELHI : In a strategic move to empower Indian businesses, Policybazaar for Business (PBFB) has introduced Enroute, a digital platform that slashes the turnaround time for marine transit insurance declarations, certifications, and policy
SHANGHAI : China’s Dalian Shipbuilding Industry Company launched a new container vessel into the water at its Tianjin facilities on Monday, June 23. CMA CGM Monte Cristo belongs to a series of 12 containerships
AMSTERDAM : EST-Floattech, a leading Dutch energy storage systems provider for maritime and industrial applications, proudly announces the expansion of its Octopus Series with the introduction of Lithium Iron Phosphate (LFP) battery modules. With
HAMBURG : German shipping line Hapag-Lloyd has temporarily reduced its container services to the Port of Haifa, Israel, which is being operated by Adani-Gadot Group, due to the geopolitical tensions in West Asia. Hapag-Lloyd
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a more than two-week low on Monday, dragged by a decline in capesize vessel
NEW DELHI : The dramatic escalation in the Iran-Israel war with the entry of the US has aggravated the uncertainty over India’s foreign trade in goods, with the possibility of navigation in Strait of Hormuz and Red Sea
NEW DELHI : Indian exporters on Friday urged the government to plan alternate shipping routes to West Asia, warning that the escalating Iran–Israel war could lead to the closure of Iran’s largest port, Bandar
NEW YORK : Israel and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf. Marine insurers are now charging 0.2% of the
OSLO : Xeneta analyst insight – Transpacific Peter Sand, Xeneta Chief Analyst commented “The market mid-low on the Transpacific trade has dropped 33% since 9 June, meaning some of the more powerful shippers are
SINGAPORE : Women auditors from across 20 Asia-Pacific countries took part in an intensive regional training course under the IMO Member State Audit Scheme (IMSAS) held in Singapore (11-13 June). Aside from equipping participants