DP World, UAE Region signs lease agreement with Petrochem Middle East
DUBAI : DP World, UAE Region, the leading smart trade enabler, and Petrochem Middle East, the largest chemical distributor in the Middle East and Africa, have signed a
Carriers to achieve US$100 billion annual profits for the first time in history
Box shipping lines’ yearly profits are expected to approach US$100 billion in 2021 for the first time in the history of container shipping, according to the latest forecast
Container ship prices skyrocket as rush to move goods picks up
Prices to ship containers from Asia to the U.S. and Europe are rising at a historic pace as cargo owners bid up rates in a search for ocean
India diversifies its crude procurement; First shipment from Guyana arrives next month
NEW DELHI : Next month, India is set to receive its first shipment of one million barrels of Liza Crude Oil from Guyana. This is the first purchase
Egypt opens strategic Mediterranean naval base to secure shipping lanes
EGYPT : Egyptian President Abdel Fattah al-Sisi opened a strategic naval base on the Mediterranean Sea to “secure shipping lines,” the presidency said. “It is the latest Egyptian
Pandemic forces shipper focus on supply continuity : DSV
NEW YORK : Building supply chains more resistant to shocks like COVID-19 requires a “blended” approach by shippers to localized and global sourcing, according to a report from
Mr. Vijay Arora takes over as Managing Director at Indian Register of Shipping (IRClass)
Mr. Vijay Arora takes over as Managing Director at Indian Register of Shipping (IRClass) NEW DELHI : Indian Register of Shipping (IRClass) announces a top management transition with
Sea-Intelligence sees a staggering number of late vessel arrivals
DENMARK : Schedule reliability across the world has been pretty poor throughout the year, as several ports and regions have been severely impacted by port congestion, according to
‘Crazy rates’ to ship a container out of India – after a 100% premium to get the box
MUMBAI : With the severe shortage of containers and capacity, Indian forwarders are being quoted “crazy” freight rates by carriers that “won’t honour” contracts. According to the Federation
Brussels needs to be bolder in tackling shipping emissions
BRUSSELS : Almost 25 years ago, the Kyoto protocol set binding commitments for industrialised countries to cut carbon emissions. Sixteen years ago, the EU launched the world’s first