‘One Orpheus’, a container ship crashes in Suez Canal
EGYPT : A container ship has crashed into a bridge in the Suez Canal, the vital trade route between Asia and Europe.The container ship One Orpheus lost control
Early movers crucial in closing $200 per container cost gap for zero emissions shipping in green cor
LONDON : A new report released on Wednesday at the margins of COP28, details the annualised total costs of zero emission container vessels and the cost difference on
Maersk to deploy first large methanol-enabled vessel on Asia – Europe trade lane
COPENHAGEN : A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will
CMA CGM increases FAK rates from Asia
MARSEILLE : CMA CGM has announced new Freight All Kinds (FAK) rates from Asia to North Europe, the Mediterranean and North Africa. The French carrier says its Asia
COSCO SHIPPING and bp signs strategic partnership agreement
SHANGHAI : Chinese shipping giant COSCO SHIPPING and British multinational oil and gas company bp signed a Memorandum of Understanding (MoU) for strategic cooperation in Shanghai on Tuesday,
Container freight rates fall to 2019 levels while costs remain high : BIMCO
LONDON : Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with 2022 and
Pacific International Lines and DP World sign MOU to jointly develop Green Solutions for Global Supp
DUBAI : Pacific International Lines (PIL) and DP World have signed a Memorandum of Understanding (MOU) to jointly develop green solutions to decarbonise global supply chains.The agreement pairs
How MSC is supporting the supply of electricity to millions of households in Tanzania
TANZANIA : In the face of chronic power challenges hindering Africa’s development—ranging from insufficient generation capacity to low connectivity, poor reliability, and high costs MSC which is Africa’s leading supply chain
ZIM vessels divert from Arabian regional waters
HAIFA : Israeli container vessels are avoiding the Red Sea region as the conflict in Gaza and the heightened regional tension have increased the risks for all ships
Resumption of Crew change at Vizhinjam hinges on High Court verdict
THIRUVANANTHAPURAM : The fate of resuming the stalled crew change at the outer anchorage of Vizhinjam Port now hinges on the verdict of the Kerala High Court with