Baltic set for first weekly gain in five on strong capesize demand
LONDON : The Baltic Exchange’s main sea freight index marked its first weekly gain in five on Friday, helped by higher rates for capesize vessel segment. * The
Adani’s Mundra Port continues to expand Indian container trade market share
AHMEDABAD : Competition between government/landlord ports and Adani Ports and Special Economic Zone (APSEZ) in India is heating up, with the latter making rapid inroads into the emerging
PIL expands Intra Asia coverage with new China Chittagong Express (CCE)
SINGAPORE : Pacific International Lines (PIL) is pleased to introduce a new weekly direct service connecting key ports in China and Bangladesh. The new service, known as China
COSCO SHIPPING Lines secures TISAX Certification
SHANGHAI : COSCO SHIPPING Lines officially secured the TISAX (Trusted Information Security Assessment Exchange) certification, indicating that the company meets European Union (EU) automotive industry standards for information
Hapag-Lloyd raises rates from Asia to Latin America
HAMBURG : Hapag-Lloyd has announced a new General Rate Increase (GRI) from Asia to the West Coast of South America, Mexico, Central America and the Caribbean. This GRI
Asyad Line expands Far East Express service catering for trade growth and sustainability in Asia-GCC
MUSCAT : Asyad Line, part of Asyad Group, is expanding its reach in Asia with a significant enhancement of its Far East Express (FEX) service. Starting August 2024,
Hapag-Lloyd falls short of US$800 million profit in first half
HAMBURG : Hapag-Lloyd concluded the first half year of 2024 with a Group EBITDA of USD 2 billion (EUR 1.8 billion). The Group EBIT decreased to USD 0.9
New report by Maritime SheEO highlights Progress and Challenges in Gender Equality within India̵
MUMBAI : A new report, titled the “Survey on Gender Equality in Indian Maritime Industry (2024),” has been released on August 12th, shedding light on the significant strides and ongoing
Maersk announces changes in Far East Asia – Middle East services
COPENHAGEN : Due to increased waiting times and congestion at terminals in South East Asia, Maersk has decided to implement seasonal schedules to mitigate delays and improve schedule
HMM achieves growth in first-half revenue and profits
SEOUL : HMM, South Korea’s major container line has posted significant gains in first-half revenue and profits. In particular, HMM reported a year-on-year 18.6% growth in its H1
