CMA CGM to strengthen and reshuffle its Africa lines – India Middle East Gulf services
MARSEILLE : CMA CGM announced the revamping of its India Middle East Gulf to and from South Africa, East Africa and Indian Ocean services. MIDAS 1: Coega will
Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%
COPENHAGEN : Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between Asia and Europe by up to 20%
Cosco Shipping launches world’s first battery-electric container ship
SHANGHAI : Chinese shipping giant COSCO Shipping launched the world’s first 10,000-DWT pure electric container ships, which it developed and constructed at the Heavy Industry Shipyard at Yangzhou.
Xeneta Shipping Index (XSI®): Long term rates edge up globally as Red Sea conflict continues to cas
OSLO : Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the
VPA creates history by handling the largest ever container vessel “MSC Teresa”
VISAKHAPATNAM : The Visakhapatnam Port Authority (VPA) have created history by handling MSC TERESA, the largest ever Container Vessel to call at any Indian Port on the East
Houthis may strike more ships beyond Red Sea: Bad news for Indian exports?
NEW DELHI : In what could prove to be bad news for Indian exporters, Yemen’s Iranian-backed Houthis are extending their attacks on merchant shipping hundreds of miles out
Crew of MSC Aries released, claims Iran
TEHRAN : All the Indian sailors on board the Portuguese flagged vessel MSC Aries have been released, the Iranian Foreign Ministry announced on May 3. This information was shared by Iran’s
Maersk resumes liquidation of its Russian Container Shipping subsidiary
COPENHAGEN : Maersk has resumed the process of liquating its Russian subsidiary, Maersk LLC (St. Petersburg), as part of its final steps of exiting the country. According to
Breakwater construction at Vizhinjam Seaport over; Trial run of cargo moving in June
THIRUVANANTHPURAM : Construction of the 3-km-long breakwater, said to be the most important one, at the Vizhinjam International Seaport has been completed. With this, the trial run of
Evergreen and COSCO to transfer giant ships from North Europe to Mediterranean services
TAIPEI : Evergreen Marine Corporation and COSCO Shipping Lines will replace 13,000 TEU vessels with 20,000 TEU ships on their jointly operated Far East-Mediterranean service. The 20,000 TEU