DNV highlights Key IMO safety developments
SINGAPORE : The IMO is making significant progress towards modernising global maritime safety regulations, with new regulations that seek to enhance standards in order to accommodate new technologies
Red Sea insurance soars after deadly Houthi ship attacks
LONDON : The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen’s Houthis attacked and sank two ships, killing
Berg Propulsion marks decade of Nakkaş Shipping collaboration with 10th tanker contract
HONO (SWEDEN) : Turkish group Nakkaş Shipping & Trading Co has confirmed that a decade of tanker-focused work with Berg Propulsion will culminate in the delivery of its
Baltic Dry Index rises to Four-Week High on Broad-Based Vessel gains
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, rose to a four-week high on Monday, supported by gains
Vizhinjam International Seaport: Charting a Year of Maritime Milestones
THIRUVANANTHPURAM : Vizhinjam International Seaport has completed a historic first year of operations, emerging as one of India’s most dynamic and promising maritime gateways. From the initial berthing
Hapag-Lloyd expands India-Middle East connectivity with New Kandla Shuttle Service
HAMBURG : Hapag-Lloyd is strengthening its foothold in the Indian maritime sector through its strategic partnership with Mumbai-based J M Baxi Group. Holding a 40% stake in J
Unifeeder announces India Med (IMD)Service expanding network to Egypt and Türkiye
DUBAI : Unifeeder is excited to announce the launch of the India Med Service (IMD), expanding their network into Northern Egypt and Türkiye. “This strategic addition strengthens our
CMA CGM ends existing Indian VSAs with Hapag-Lloyd and Maersk
MARSEILLE : CMA CGM is switching from vessel-sharing agreements (VSAs) to standalone operations across trades out of India in a new strategic approach as it expands its fleet.
Drewry: World Container Index down 5% last week
LONDON : For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional
MSC conveys to Kerala High Court inability to deposit ₹9,531 crore as damages for sunken ship
HC Bench extends interim arrest of the shipping company’s MSC Akiteta-2, berthed at the Vizhinjam port, till August 6 KOCHI : Three days after the Kerala government moved an admiralty