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Baltic Dry index posts weekly loss as capesize rates fall

LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell on Friday, marking its second...

CCI Worldwide Logistics introduces ‘Trans Africa’ service with an estimated investment of 106 crore to enhance Intra-African Trade

MUMBAI : CCI Worldwide Logistics, a leading international freight forwarding vertical of CCI Group, announced the official launch of ‘Trans Africa’, a technology-led freight...

Maersk Line to commence shipping between China and Bangladesh

COPENHAGEN : Following Singapore-based PIL’s debut, Maersk Line will begin direct shipping services between China and Bangladesh from Shanghai. On September 9, Pacific International...

JNPA inaugurates its new Seafarer’s Club

NAVI MUMBAI : Jawaharlal Nehru Port Authority (JNPA) was honored to inaugurate its new Seafarer's Club on the occasion of Day of the Seafarer...

IMF fears on DG Shipping order of premature retirement of 700 vessels causing more than 20,000 seafarers jobless

MUMBAI : Over 700 Indian-flagged vessels, many serving coastal and near-shore routes, could be retired prematurely due to age-based restrictions imposed by the Directorate...

Danish Shipping Line Maersk to disconnect from companies linked to Israeli settlements

COPENHAGEN : Maersk will cut ties with companies linked to illegal Israeli settlements on the occupied West Bank, the Danish shipping giant has said....

CMA CGM launches new Levant–Red Sea Route connecting East Mediterranean Ports

MARSEILLE : French container shipping major CMA CGM launches Levant Red Sea Express to Strengthen Regional Connectivity. CMA CGM has unveiled a new...

Container Shipping: BIMCO forecasts Stable demand outlook despite US trade policies

LONDON : "We forecast a stable demand outlook for the container shipping sector in line with our previous report despite the uncertainties introduced by...

Asia-US container rates plunge as June hikes fail to stick

LONDON : Rates for shipping containers from Asia to the US are plummeting this week as general rate increases (GRIs) that took effect on...

Lehmann Marine launches water-cooled 2C LFP battery system AQUBE

HAMBURG : Lehmann Marine has launched their latest product development, the AQUBE battery system. This new water-cooled, high-power energy storage solution features a continuous...
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