Shortages push Freight Rates to New High
LONDON : Global shipping costs have soared to record highs after an August price surge fuelled by the scramble by firms to combat severe supply shortages as port
Containership order book doubled up in 2021 : BIMCO
COPENHAGEN : Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new
All-inclusive rates inch up as shippers compete for space
LONDON : All-inclusive premium bookings heard in the US marketplace inched upwards during the week to Aug. 27 as port congestions on both sides of the Pacific supported
World’s first Autonomous, Electric cargo ship to make voyage with zero crew onboard in November 20
NORWAY : A Norwegian company called Yara International claims to have created the world’s first zero-emission ship that can also transport cargo autonomously. The Yara Birkeland electric cargo
The shipping crisis is getting worse. Here’s what that means for holiday shopping
LONDON : The vast network of ports, container vessels and trucking companies that moves goods around the world is badly tangled, and the cost of shipping is skyrocketing.
BOT operators at major ports seek change in policy from the Shipping Minister
NEW DELHI : BOT operators handling single commodity at major ports have appealed to the Ministry of Ports, Shipping and Waterways to resolve the issues pertaining to the
Maersk, CMA CGM, ONE and Wan Hai vessels robbed in Manila
Container ships, operated by CMA CGM and Ocean Network Express (ONE) were robbed or burglarised while at anchorage in Manila in the first two weeks of August. The
Indian Register of Shipping (IRClass) helps strengthen Inland Vessel legislation
Contributes to developing bill draft and Inland Vessel (IV) Rules NEW DELHI : International ship classification society, Indian Register of Shipping (IRClass) has played an integral role in
Asian container lines report massive surges in H1 profits
Hong Kong-listed Orient Overseas (International) Ltd (OOIL), which owns OOCL, reported a massive surge in first half net profit to $2.81bn compared to $155m in the same period
Shipping Industry in India: Prospects for Foreign Investors
India’s strategic location, enveloped by the world’s busiest maritime route in the Indian Ocean, marks the importance of its shipping industry which facilitates 95 percent of India’s international