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Drewry: World Container Index Up 2% Last Week

LONDON: Drewry’s World Container Index increased 2% to $1,957 per 40ft container this week. Drewry's detailed assessment for Thursday, 11 Dec 2025 The Drewry World Container...

Baltic Index falls to near One-Month Low on Weaker Rates

LONDON: The Baltic Exchange’s Dry Bulk Sea Freight index, which tracks rates for vessels transporting dry bulk commodities, fell to a near one-month low...

World Shipping Council flies the flag for ocean shipping at UN launch of Decade of Sustainable Transport

WASHINGTON D.C.: The World Shipping Council (WSC) joined political leaders and transport industry representatives at the United Nations launch of the Decade of...

DP World unifies Marine Services Brands under one Global Identity

DUBAI: DP World on Tuesday announced the unification of its Marine Services brands, Unifeeder, P&O Ferrymasters and P&O Maritime Logistics, under a single DP...

COSCO announces Historic $7 Billion Order: 87 New Vessels to Drive Fleet Restructuring Strategy

SHANGHAI: In an industry accustomed to mega-deals, China's COSCO Shipping Group has signed newbuilding order for 87 vessels, covering the entire spectrum of its...

ABB’s new DP2 functionality delivers major improvement in vessel control during DEME sea trials

FORNRBU: ABB has verified a major advancement in vessel Dynamic Positioning (DP) technology, following successful Failure Mode and Effects Analysis (FMEA) proving trials and...

Fitch Ratings: Global Shipping Outlook Is Deteriorating in 2026

LONDON: Fitch Ratings has maintained its deteriorating outlook for the global shipping sector, reflecting geopolitical and policy risks, according to an Outlook report released...

Lloyd’s Register and Latsco chart a new digital course for ship classification

This breakthrough marks a decisive step forward in the digitalisation of ship classification and compliance. LONDON: Lloyd’s Register (LR) and Latsco have successfully completed a proof-of-concept for a new standard in digital class...

Luka Koper and Samsara Group sign cooperation agreement to strengthen port representation in India

MUMBAI : In a significant development for India–Europe maritime connectivity, Luka Koper (Port of Koper), Slovenia’s premier multipurpose port, has entered into an Agreement...

India moves toward its own Bharat Container Shipping Line as Ports, SCI & CONCOR align

NEW DELHI : India is preparing to take a major leap toward maritime self-reliance with the planned launch of the Bharat Container Shipping Line,...

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