Yemen’s Houthis target container ship MSC Darwin in Gulf of Aden
DUBAI : Yemen’s Houthis said they targeted the MSC Darwin container ship in the Gulf of Aden on Thursday, as the Iran-aligned group resumed attacks on commercial ships
APM Terminals keen to enhance investment, operations in Pakistan
ISLAMABAD : The APM Terminals company sees great potential in the Pakistani market and shows keen interest to enhance its investment and operations to support the country’s trade,
Drewry Dry Bulk Equity Index down 3.9% last month
LONDON : In March, the Drewry Dry Bulk Equity Index declined 3.9% and underperformed the S&P 500, which rose 2.3% during the same time. However, the trend reversed
OOCL launches Transpacific Latin Pacific 5 (TLP5) to offer express linkage between Asia and Mexico
SINAPORE : OOCL will launch a new service Transpacific Latin Pacific 5 (TLP5) in our Asia – Latin America network to provide a comprehensive port coverage in the
DP World and Sabah Ports to bolster handling capacity at Sapangar Bay Container Port in East Malaysi
SABAH : DP World and Malaysia’s Sabah Ports Sdn. Bhd established a partnership to manage Sapangar Bay Container Port (SBCP) to cement SBCP’s position as the premier regional trade hub
MSC strengthens UK West Coast – East Med Service
GENEVA : Swiss/Italian box carrier MSC has extended its UK west coast – East Mediterranean service to the port of Greenock in Scotland. The service connecting Turkey with
Hapag-Lloyd one step closer to 100% eBL adoption
HAMBURG : German container shipping giant Hapag-Lloyd has decided to adopt IQAX eBL to issue electronic bills of lading (eBL) over Global Shipping Business Network’s (GSBN) infrastructure. As
Attacks on Red Sea shipping forces 66% decline in Suez Canal traffic – ONS
NEW PORT : Shipping traffic through the vital Suez Canal artery in Egypt has plunged by 66% since cargo was forced to divert due to attacks on vessels
Baltic index down for 4th day as larger vessel rates dip
LONDON : The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecutive session on Thursday, pressured by lower
Dry Bulk shipping fundamentals seen improving moving forward : BIMCO
LONDON : We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025,