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Grounded container ship MSC Baltic III damaged by ‘extreme wind’ and rough seas

CEDAR COVE : The grounded container ship MSC Baltic III on Newfoundland's west coast has been damaged by high winds and storm surge in...

SCI reports steady growth and profitability in Q2 FY 2025-26

MUMBAI : The Shipping Corporation of India Ltd. (SCI) has announced its financial results for the second quarter (Q2) of FY 2025-26, showcasing continued...

Drewry: World Container Index up 8% last week

LONDON: Drewry’s World Container Index increased 8% to $1,959 per 40ft container this week. Drewry's detailed assessment for Thursday, 06 Nov 2025 The Drewry World Container...

Baltic Index hits over Three-Week High, Ends week firmer

LONDON: The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to an over three-week high on...

MoPSW honours Maritime Excellence Achievers 2025 at India Maritime Week

MUMBAI: During the India's biggest maritime event India Maritime Week 2025, the Ministry of Ports, Shipping and Waterways (MoPSW), under its flagship Sagarmala Programme,...

‘Made in India’ may soon be etched on the World’s Ships: Supal Shah

MUMBAI: For decades, the Indian flag fluttered quietly in world shipping registers, overshadowed by Panama, Liberia and the Marshall Islands. Today, it’s at the...

Maersk announces strong performance for Q3 2025 with EBITDA at USD 2.7bn and EBIT at USD 1.3bn amid operational gains

COPENHAGEN : Maersk reported strong financial results in the third quarter of 2025, driven by operational improvements and proactive cost measures. The company achieved sequential...

A Decade on the Stock Exchange: Hapag-Lloyd Marks 10 Years of Sustainable Growth and Value Creation

HAMBURG: Hapag-Lloyd celebrates the tenth anniversary of its listing on the Frankfurt Stock Exchange. Since its IPO in November 2015, the Hamburg-based company has evolved into...

Maersk orders eight new LNG containerships

COPENHAGEN : In a significant move to modernize its fleet, Maersk has placed an order for eight LNG dual-fuel containerships at New Times Shipbuilding...

MarTrust and ISWAN Unite to Strengthen Seafarer Wellbeing

LONDON: MarTrust, part of Marcura, and the crew payments solution supporting more than 150,000 seafarers worldwide, has partnered with the International Seafarers’ Welfare and...

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