Crew of MSC Aries released, claims Iran
TEHRAN : All the Indian sailors on board the Portuguese flagged vessel MSC Aries have been released, the Iranian Foreign Ministry announced on May 3. This information was shared by Iran’s
Maersk resumes liquidation of its Russian Container Shipping subsidiary
COPENHAGEN : Maersk has resumed the process of liquating its Russian subsidiary, Maersk LLC (St. Petersburg), as part of its final steps of exiting the country. According to
Breakwater construction at Vizhinjam Seaport over; Trial run of cargo moving in June
THIRUVANANTHPURAM : Construction of the 3-km-long breakwater, said to be the most important one, at the Vizhinjam International Seaport has been completed. With this, the trial run of
Evergreen and COSCO to transfer giant ships from North Europe to Mediterranean services
TAIPEI : Evergreen Marine Corporation and COSCO Shipping Lines will replace 13,000 TEU vessels with 20,000 TEU ships on their jointly operated Far East-Mediterranean service. The 20,000 TEU
World’s largest cargo ship ‘MSC Loreto’, capable of holding 24,300 containers, docks i
SUFFOLK : The world’s joint-largest cargo ship has docked at Britain’s biggest and busiest container port, MSC Loreto arrived at the Port of Felixstowe here, from Le Havre in
Maersk Q1 results in line with expectations amid ongoing Red Sea disruptions
COPENHAGEN : A.P. Moller – Maersk (Maersk) delivered a first quarter in line with expectations showing a strong recovery in earnings compared to the fourth quarter of 2023.
CMA CGM applies new PSS from Asia and India to Mauritius
MARSEILLE : French Ocean Carrier CMA CGM has notified its customers of a forthcoming Peak Season Surcharge (PSS) effective from 15 May until further notice. The surcharge will
Drewry’s World Container Index increased 1% to $2,725 per 40ft container this week
LONDON : The composite index increased 1% to $2,725 per 40ft container this week and has increased by 55% when compared with the same week last year. The
Baltic index edges up on gains in larger vessels
COPENHAGEN : The Baltic Exchange’s dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax vessel rates. The overall index, which
CCTT and FFFAI jointly host ‘India-And-World’ Business Forum in Mumbai, DG Shipping addresses to
MUMBAI : The International Coordinating Council on Trans-Eurasian Transportation (CCTT) and the Federation of Freight Forwarding Associations of India (FFFAI) jointly organized a very significant debut meet called