Europe to Asia reefer rates falls
OSLO : Freight rates on the Europe to Asia trades have begun to follow the wider container market down after a period of resistance. According to a market
Dry Bulk Market Under Pressure in Early 2023
GREECE : The dry bulk market has faced increasing headwinds in these early weeks of 2023. In its latest weekly report, shipbroker Intermodal said that “during the last
Maersk and MSC dissolve 2M Alliance
The two major container liners have agreed to terminate their current partnership effective January 2025 COPENHAGEN/GENEVA : Maersk and MSC have agreed to terminate the 2M alliance from
Hapag-Lloyd acquires share in J M Baxi Ports & Logistics Limited
HAMBURG : Hapag-Lloyd signed a binding agreement under which it will acquire 35 % of J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private
Hong Kong flagged cargo ship JIN TIAN sinks off Nagasaki Japan, rescue operation on
TOKYO : In the freezing cold and windy atmosphere coast guard vessels of two countries Japan and South Korea were battling in the Pacific ocean, in severe weather
Baltic Dry Index slides as iron ore shipments kick off 2023 with 13.1% drop
DENMARK : Despite hopes that a quick economic recovery in China would boost iron ore demand, 2023 has so far been a disappointment for the dry bulk shipping
More than 80% of box and bulk ships to fall in lowest CII ratings – GMS
DUBAI : Dr Anil Sharma, founder and CEO of Global Marketing Systems Inc (GMS), is forecasting a significant increase in the number of container ships and bulk carriers
HR Lines acquires two more ships to operate on intra-Asia routes
DHAKA : HR Lines, Bangladesh’s lone flag carrier container vessel operator, has acquired two more boxships and will soon deploy them between Chittagong and the transshipment ports like
DG Shipping issuing new maritime guidelines to weed out aging ships
MUMBAI : The Indian government is tightening rules on aging ships sailing into its waters. The Directorate General of Shipping (DG Shipping) of India is reportedly in the
BUREAU VERITAS inaugurates new regional headquarters in Riyadh
FRANCE : Bureau Veritas has inaugurated its new regional headquarters in Riyadh, Saudi Arabia. This marks more than 3 decades of the Group’s presence in the Kingdom of