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Baltic Index extends gains to hit Over Two-Week High on Strong Vessel Rates

LONDON: The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to a more than two-week high...

Maersk launches its latest and largest warehouse in Asia Pacific

MALAYSIA : Maersk has officially opened its largest contract logistics facility in Asia Pacific, the Maersk Mega Distribution Centre (DC), boosting its warehouse...

Suez Canal Authority seeks container lines return

CAIRO : The Suez Canal Authority (SCA) has met with representatives of major shipping lines to try and convince them to return to transiting...

ABB Azipod® propulsion to power new Canadian icebreaker, ‘Polar Max’

HELSINKI: ABB has secured a contract with Helsinki Shipyard to supply a complete electric power and propulsion solution for the Polar Max icebreaker, which...

MSC agrees to reflag 12 container ships in India in diversification push

MUMBAI : Mediterranean Shipping Co. has become the latest major ocean carrier to invest beyond port-to-port shipping and inland logistics operations in India. The world’s...

COSCO Shipping announces $1.75 billion fleet expansion plan

SHANGHAI : COSCO Shipping has announced a substantial $1.75 billion newbuilding initiative, aimed at enhancing and modernizing its fleet with the addition of 29...

Samudera Shipping Line reports higher y-o-y container shipping volumes of 503,000 TEU for 3QFY2025

SINGAPORE: Samudera Shipping Line has released its 3QFY2025 ended Sept 30 business update, which saw container shipping volumes rise to 503,000 twenty-foot equivalent unit...

Yang Ming completes orders for Six Methanol Dual-Fuel-Ready Containerships

KEELUNG CITY: Yang Ming Marine Transport Corporation (“Yang Ming”) signed contracts for six 8,000 TEU-class methanol dual-fuel-ready containerships with Nihon Shipyard Co., Ltd. (“Nihon...

Baltic Index records first monthly drop since April

LONDON: The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, edged lower on Friday and recorded its...

Drewry: World Container Index up 4% last week

LONDON: Drewry’s World Container Index increased 4% to $1,822 per 40ft container last week. Drewry's detailed assessment for Thursday, 30 Oct 2025 The Drewry World Container...
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