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Maersk to take over Panama Canal ports temporarily from HK firm after court ruling

COPENHAGEN : Danish firm Maersk will temporarily operate two ports on the Panama Canal after a court ruled that contracts given to a Hong...

Ocean Network Express releases financial results for FY2025 3rd Quarter

SINGAPORE : Ocean Network Express (ONE) has released its financial results for the third quarter of FY2025 (October to December 2025). The revenue for 3Q...

Wilson Sons launches tugboat to join a new series to meet demand from New Panamax ships

RIO DE JANEIRO: With over 188 years of experience, Wilson Sons held a launch ceremony for the tugboat WS Halcyon this Thursday, January 29th,...

Hapag-Lloyd updates about suspension of commercial cargo transit at Pakistan–Afghanistan Border

HAMBURG : Hapag-Lloyd has informed customers and stakeholders that commercial cargo transit operations at the Pakistan–Afghanistan border have been temporarily suspended due to the...

Oshima Shipbuilding’s multi-fuel-ready Ultramax bulk carrier concept receives Lloyd’s Register approval

LONDON: Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to Oshima Shipbuilding Co., Ltd. for its multi-fuel-ready Ultramax bulk carrier design. The AiP covers...

Baltic Exchange congratulates SGX and EEX on a successful transfer of Panamax FFAs 

LONDON: SGX and EEX successfully completed the transfer of all open interest in the Baltic Panamax 4TC (P4TC) index to the Panamax 5TC (P5TC)...

Vizhinjam International Seaport’s 2nd phase work launched; Adani Ports to invest Rs 16k crore

THIRUVANANTHPURAM: Giving a major fillip to the state’s infrastructure development, work on the second phase of the Vizhinjam International Seaport project began on Saturday....

Red Sea Return: What it means for 2026 Container Shipping Contract Rates

OSLO: The return of container shipping to the Red Sea is ramping up, but what does it mean for shippers negotiating new long term...

Asia-US container rates edge lower as pre-Lunar New Year demand bump fails to emerge

LONDON: Rates for shipping containers from east Asia and China to the US edged lower this week as a pre-Lunar New Year demand bump...

Maersk appoints Charles van der Steene as RMD for Indian Subcontinent, Middle East & Africa

COPENHAGEN : A.P. Moller–Maersk, the global integrated logistics company, has announced the appointment of Charles van der Steene as its new Regional Managing Director...
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