CMA CGM to update its IEX 2 service
MARSEILLE : CMA CGM is pleased to announce that the India East Coast Express (IEX 2) connecting Asia to South East India and Sri Lanka, will begin its
Hapag-Lloyd announces updates on India Ocean Service
HAMBURG : Hapag-Lloyd has decided to change the port rotation of its Indian Ocean Service (IOS). The Hamburg-based ocean carrier’s service will now have the following port rotation:
Spot rate growth slows but ocean container shipping market will remain extremely challenging
OSLO : Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data from
ClassNK releases ‘FAQs on the FuelEU Maritime (2nd Edition)’
TOKYO : ClassNK has released ‘FAQs on the FuelEU Maritime (2nd Edition)’. FuelEU Maritime, an EU regulation aimed at promoting the decarbonization of fuels used on board ships,
Ocean freight rates in rough waters on congestion, Red Sea crisis
LONDON : Indian traders are reeling under the impact of rising ocean freight rates, triggered by the Red Sea crisis and congestion at several key ports in the
Dry Bulk Market move higher last week, but Capesizes lost ground
LONDON : Dry Bulk Market move higher last week, but Capesizes lost ground, according to latest report released by Baltic Exchange. Capesize The Capesize’s had a slow start
US Naval forces rescue crew from Greek-owned ship struck by Houthis in Red Sea
WASHINGTON D.C. : The U.S. Naval Forces Central Command (NAVCENT) said on Sunday that it had rescued the crew from the Liberian-flagged, Greek-owned bulk carrier MV Tutor that
SCI set to open subsidiary in IFSC, GIFT City
MUMBAI : Shipping Corporation of India (SCI) is set to open a wholly-owned subsidiary in IFSC, Gift City, in Gandhinagar, Gujarat. It has received a nod from Niti
Singapore Port container logjam worsens as ships avoid Red Sea
SINGAPORE : Singapore’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push
Leverage GIFT City for Shipping
GANDHINAGAR : Considering India’s burgeoning import of transport services, which touched a whopping $109 billion in 2022, there is a proposal to form a new shipping company having
