NEW DELHI : April sees unprecedented growth of new export orders buoyed by the 90-day pause in the implementation of tariffs imposed by the Trump administration, HSBC Flash India PMI said. Private sector companies in India
DUESSELDORF : Hapag-Lloyd customers have cancelled 30% of shipments to the United States from China, spooked by the trade conflict between the world’s two largest economies, a spokesperson for the German container shipping group
GENEVA : MSC Mediterranean Shipping Company, led by Soren Toft, has partnered with Hengli Heavy Industry for a new series of LNG dual-fuel megamax containerships. The Swiss-based liner giant has recently signed up for
SEOUL : KMTC Line has unveiled a new weekly shipping service that will connect Asia with Mexico, slated to begin operations on April 30, 2025. This service will navigate a route that includes Shanghai,
ISMAILIA : The Suez Canal continues to stand as one of the most critical maritime corridors globally, reaffirmed Guy Platten, Secretary General of the International Chamber of Shipping (ICS), during the Suez Canal Authority’s
PARIS : Shifting trade announcements have led to unprecedented volatility in the global shipping industry in recent weeks, with industry players having to constantly adapt to new US tariffs. Cargo ships put to sea
LONDON : Inmarsat Maritime, a Viasat company, has signed an agreement with Sallaum Lines, a leading Roll-on/Roll-off (RoRo) cargo shipping company, to upgrade to Inmarsat Maritime’s NexusWave fully managed bonded connectivity service, making it an
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight index rose on Wednesday to its highest level in more than a week, as rates increased across all vessel segments. The main index, which tracks
WASHINGTON : The Trump administration shielded on Thursday domestic exporters and vessel owners servicing the Great Lakes, the Caribbean and U.S. territories from port fees to be levied on China-built vessels, aiming to revive
ANTWERP : In the first quarter of 2025, Port of Antwerp-Bruges handled 67.7 million tonnes of cargo, a drop of 4.0% compared to the same period last year. This decline was largely driven by