Long-term container contract rates jump a record 28.1% in July
Xeneta’s latest XSI Long-Term Public Indices, which uses crowd-sourced data shippers, rose 28.1% in July, by far the biggest monthly rise the index has ever seen, the previous
Container equipment prices double in the space of 12 months
Prices of dry freight shipping containers have doubled over the past year to reach historic highs but will moderate over the next few years, according to Drewry’s recently
MoPSW’s new scheme to support Shipping Industry
NEW DELHI : The total number of ships under Indian flag is 1488 with gross tonnage of 12.96 million tons. India ranks 18th in the World’s Shipping Tonnage. Details
Container shipping lines launch news trans-Pacific services as record rates pull in capacity
CALIFORNIA : Container shipping lines are continuing to add new services to eastbound trans-Pacific trade lanes as strong demand and record high freight rates attract more carry capacity
Kerala’s pioneering coastal shipping project ends
KOCHI : The pioneering coastal shipping project of Kerala, originally presented at the Emerging Kerala event in 2021, comes to a sad end with the Great Sea Shipping
Another shipping crisis strikes, threatening delays to Black Friday shopping
KEY POINTS Western Europe and China’s Henan province — a key transport hub and home to several major businesses — are grappling with the aftermath of devastating floods.
Bigger ships, more frequent and severe transit delays
When national lockdowns stopped or slowed the flow of goods, the generally efficient maritime shipping industry suddenly had to contend with numerous challenges and supply chain disruptions became
Second Ro-Ro ferry set to begin service in Kochi from Today
KOCHI : The second roll on-roll off (Ro-Ro) vessel of the Inland Waterways Authority of India (IWAI), which was handed over to the Kerala Shipping and Inland Navigation
DRYAD GLOBAL informs attack on MT MERCER STREET (IMO9539585)
LONDON : Reporting indicates that the Liberian flagged MT MERCER STREET (IMO 9539585) has been attacked approximately 152nm NE Al Duqm, Oman. Reports by UKMTO indicated an initial
NEW BIMCO/ICS seafarer workforce report warns of serious potential officer shortage
Overview DENMARK : Launched today, the new Seafarer Workforce Report from BIMCO and the International Chamber of Shipping warns that the industry must significantly increase training and recruitment