LONDON : Rates for shipping containers from Asia to the US are plummeting this week as general rate increases (GRIs) that took effect on 1 June failed to hold. Market intelligence group Linerlytica said
HAMBURG : Lehmann Marine has launched their latest product development, the AQUBE battery system. This new water-cooled, high-power energy storage solution features a continuous 2C charge/discharge rate. Lehmann anticipate highly positive market feedback, with
TOKYO : ClassNK has opened a new exclusive survey office in Jacksonville, U.S.A. Located in northeastern Florida, Jacksonville serves as the state’s largest container port and ranks among the nation’s leading vehicle-handling ports, playing
LONDON : On 25 June, the global maritime community comes together to celebrate the Day of the Seafarer. This year, IMO launched the campaign ‘My Harassment-Free Ship‘, a bold initiative to promote a culture of
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