Baltic index falls for third week on weaker rates across vessels
LONDON : The Baltic Exchange’s main sea freight index dipped on Friday, marking its worst week in five months as demand for all vessel segments declined. The index,
Drewry: World Container Index down by 4% last week
LONDON : Drewry’s World Container Index decreased 4% to $3,216 per 40ft container last week.
Hapag-Lloyd and Maersk confident in Gemini’s Ambitious 90% reliability target
HAMBURG : The heads of the new Gemini Cooperation—Rolf Habben Jansen, CEO of Hapag-Lloyd, and Kenni Skotte, Vice President and Head of Ocean Network Product at Maersk—took the stage
Ocean Network Express Releases 2024 Sustainability Report
SINGAPORE : Ocean Network Express (ONE) is pleased to announce the release of its Sustainability Report 2024. The report provides a summary of ONE’s sustainability commitments and initiatives
ClassNK awards world’s first notation for ships using green steel – for NYK Bulk &
TOKYO : ClassNK has granted the class notation ‘a-EA (GRS)’ to ‘BRIGHT QUEEN’, the bulk carrier operated by NYK Bulk & Projects Carriers Ltd., certifying the use of
KR Publishes Report on Safe Maritime Transport of Electric Vehicles on PCTCs
BUSAN : KR (Korean Register) has published a report on the safe maritime transport of electric vehicles on Pure Car and Truck Carriers (PCTC). Electric vehicle fires are
German shipping companies warn a Trump presidency would hurt business
HAMBURG : A potential re-election of Donald Trump as US president would pose challenges for the German shipping industry, according to a study by auditing firm PwC seen
Baltic index extends gains as capesize rates rise
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second consecutive session on Monday, propped up
CMA CGM Group opens a new state-of-the-art inland depot in Mundra
MUNDRA : On October 10, 2024, Mr Atit Mahajan, Managing Director of CMA CGM India, along with Mr Jean Vanmalle, Vice President of CMA CGM Inland Services (CCIS),
MSC CEO talks flexibility, future fuels and Formula One at IAPH’s World Ports Conference
HAMBURG : Outdated infrastructure is a persistent issue in many ports, and technology and productivity are not keeping up with industry needs, the CEO for the world’s largest
