MSC linked to another five boxship buys
GENEVA : Having added around 60 secondhand vessels over the last 10 months, Mediterranean Shipping Company (MSC) shows no sign of slowing down its buying spree with brokers reporting
More container ships score ‘astronomical’ $100,000/day rates
Multi-month container-ship charters continue to be signed at jaw-dropping rates above $100,000 per day. The market is getting even tighter, pushing charter rates and durations higher still. Even
IFSCA forms committee to explore avenues for ship financing and leasing
GANDHINAGAR : The International Financial Services Centres Authority (IFSCA)— the unified regulator at GIFT City in Gandhinagar — said that it has constituted a committee of experts to
Heroes of the Sea – Keeping Global Trade Afloat
GENEVA : When you sit at the table eating your breakfast cereals or when you turn on your TV to watch the news, do you ever wonder where
Fire erupts on cargo ship in Indian Ocean, 1 crew missing
NEW DELHI : A fire broke out on a container ship sailing toward Singapore in the Indian Ocean and one of its crew is missing, Sri Lankan and
Søren Toft lays out MSC’s position on path to decarbonisation
GENEVA : Nearly seven months into the job and Søren Toft is getting his views across this week. The CEO of Mediterranean Shipping Co (MSC) gave his first
MOL and NCC establish tank container JV company
Mitsui O.S.K. Lines (MOL), Nippon Concept Corporation (NCC) and MOL Logistics have decided to jointly establish MOL Logistics (Tank Containers) (MLGTC) in June. MOL and NCC will strengthen
First container block train from Finland heading to India to pass through Azerbaijan
The first container block train from Finland heading to the Indian port of Nava Sheva has departed from Helsinki, ADY Container told APA-Economics. The transportation of the block train
Iran Says U.S. to Lift All Oil and Shipping Sanctions
DUBAI/BERLIN : Iran said on Wednesday the United States had agreed to remove all sanctions on Iran’s oil and shipping, although Germany cautioned that major issues remained at talks
Carrier Schedule Reliability ‘Through the Floor’ and There’s No Relief in Sight
Ocean carrier vessel arrivals from Asia are being delayed by 20 days, or more, and there is no improvement in sight. Widespread port congestion, equipment shortages and a