Drewry launches new intra-Asia online service
LONDON : Drewry’s new online Intra-Asia Container Market Insight service confirms that growth in the intra-Asia container shipping market, which over the last five years (2019-2023) registered a
Baltic index rises as capesize segment logs gains
LONDON : The Baltic Exchange’s dry bulk sea freight index rose on Tuesday, buoyed by rising rates across the capesize vessel segment. The index, which factors in rates
Ocean Network Express registers strong Financial Result for FY2024 2nd Quarter
SINGAPORE : Ocean Network Express (ONE) released the financial result for FY2024 2nd Quarter (from July 2024 to September 2024). The revenue for FY2024 2nd quarter was US$5,864million, up
Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg: Milestone for Sustainability
HAMBURG : The eponymous flagship of Hapag-Lloyd’s “Hamburg Express” class – was ceremoniously christened at the Container Terminal Burchardkai in the Port of Hamburg. As the ship’s naming
Strategic partnership between NeugenAI and Blue Water Trade Winds
DEHRADUN : Blue Water is thrilled to announce a strategic partnership with NeugenAI Labs, aimed at driving transformative advancements in the maritime industry through cutting-edge AI solutions. Combining
Start-up SeaO₂ secures €2+ million investment to extract 1 gigaton of CO₂ out of the sea by 20
AMSTERDAM : Dutch startup SeaO₂, specialising in innovative carbon (CO₂) removal technology from seawater, announces receiving €2+ million in new investments. Utilising its breakthrough Direct Ocean Capture (DOC)
Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat
COPENHAGEN : A.P. Moller-Maersk expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through the Suez
Bahri posts solid growth in first 9 months; net profit up 40%
RIYADH : The National Shipping Company of Saudi Arabia (Bahri), the kingdom’s leading shipping and logistics provider, announced its financial results for the third quarter and the first
Xeneta Shipping Index October 2024: Long term market turns a corner as rates fall
OSLO : The ocean container shipping market turned another corner in October as the Xeneta Shipping Index (XSI®) fell for the first time since June. The Global XSI®,
Egypt reports $6B loss from Houthi attacks on commercial shipping
CAIRO : Egyptian Foreign Minister Badr Abdel Aati announced that Houthi attacks on commercial vessels transiting through the Bab al-Mandeb Strait and the southern Red Sea have inflicted