LONDON : Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed
SHANGHAI : COSCO Shipping Energy Transportation, has recently finalized significant shipbuilding agreements, securing contracts for the construction of six new tankers valued at a total of $449 million.
MUMBAI : Indian exporters may continue to witness a rise in shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez
PUTEAUX (FRANCE): Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics. The international transport and logistics
COPENHAGEN : Global schedule reliability has declined by 2.5 month-over-month (MoM) in November 2023 to 61.9 per cent. According to Sea-Intelligence’s issue 148 of the Global Liner Performance
NEW YORK : Yemen’s Iran-backed Houthis said on Wednesday they had “targeted” a container ship bound for Israel, a day after the US Central Command (CENTCOM) said the
ROME : Italian startup container line Kalypso has filed for bankruptcy following a collapse in freight rates and the disruption of its services to Israel, reported Italian media.
SINGAPORE : Ocean Network Express (ONE) has unveiled its latest service – the Japan Taiwan Cat Lai (JTC) Service. JTC is designed to offer customers enhanced connectivity through
RIYADH : During 2023, the Saudi Ports Authority “Mawani” strengthened the maritime and logistics sectors, contributing to the Kingdom’s exceptional leaps in international indicators and solidifying its position
HAIFA : ZIM announced new increased rates from the West Mediterranean ports to all ports in the United States East Coast, Gulf, Canada and Mexico. The new rates