Ocean container shipping market reaches a tipping point: Xeneta Analysis
OSLO : The ocean container shipping market reached a tipping point in July, with long-term rates on major fronthaul trades showing signs of life just as spiralling short-term
Hapag-Lloyd tops schedule reliability rankings, MSC suffers largest decline
GENEVA : In June, global schedule reliability dropped by 1.2 percentage points, compared with the previous month, to 54.4%, according to the latest Sea-Intelligence Global Liner Performance (GLP)
Unifeeder overtakes CMA CGM as second largest intra-Europe operator
AARHUS : Unifeeder is now the second-largest intra-Europe player, surpassing French ocean carrier CMA CGM through capacity additions, according to Alphaliner’s Report. The DP World subsidiary now operates
Ocean Network Express released Financial Result for FY2024 1st Quarter
SINGAPORE : Ocean Network Express (ONE) released the financial result for FY2024 1st Quarter (from April 2024 to June 2024). The revenue for FY2024 1st quarter was US$4,211million,
Cosco Shipping’s newest RoRo vessel ‘Min Jiang Kou’ makes its first regional call at Jebel Ali
DUBAI : Jebel Ali Port proudly welcomed Cosco Shipping’s newest RoRo vessel, ‘Min Jiang Kou,’ marking her first regional call. This event signals a significant milestone for the
ClassNK issues world’s first approval in principle (AiP) for bunkering boom for ammonia fuel
TOKYO : ClassNK has issued an Approval in Principle (AiP) for a design concept of the ammonia fuel bunkering boom*1, which is jointly developed by Nippon Yusen Kabushiki
ClassNK major updates GHG Emissions Management Tool ‘ClassNK ZETA’
TOKYO : ClassNK has released a new feature related to FuelEU Maritime*1 for its GHG Emissions Management Tool, ‘ClassNK ZETA (Zero Emission Transition Accelerator)’. Additionally, we have major improved
Spike in freight costs to hit exporters : Ind-Ra
MUMBAI : A recent four-fold spike in container freight costs, could hit Indian exporters’ profit margins and enhance their working capital requirements through 2024-25 if there is no respite
Hapag-Lloyd increases rates from India and Pakistan to Med and North Africa
HAMBURG : German ocean carrier Hapag-Lloyd has announced increased ocean tariff rates from India and Pakistan to the Mediterranean and North Africa. This increase will be valid from
Yang Ming appoints Prof Feng-Ming Tsai as their new Chairman
TAIWAN : Yang Ming Marine Transport Corporation has elected Professor Feng-Ming Tsai as its new Chairman. The decision, effective immediately, was taken in the 395th Board Meeting held
