European logistics firms face impact from falling freight rates
LONDON : European shipping and logistics firms are under pressure heading into third-quarter earnings season, as analysts trim profit forecasts to reflect falling freight rates and weaker demand. Ocean container rates have plunged to
Israel-Hamas ceasefire will not bring global freight fleet back to Red Sea quickly
COPENHAGEN: Maritime experts and shipping industry insiders are not expecting a return of ocean carriers to the Red Sea anytime soon, despite the Israel-Hamas ceasefire deal. “This is all still very early days,” said
BIMCO to develop standard clause addressing Chinese port fees
LONDON: BIMCO has initiated the development of a clause specifically addressing the new fees introduced on 14 October 2025 for US-related ships calling at ports in China. The Chinese Ministry of Transport announced on
U-Freight Group expands pharma and medical logistics capabilities with strategic partnership and major contract win
HONG KONG: The U-Freight Group (UFL), a global leader in freight forwarding and logistics, is significantly strengthening its presence in the pharmaceutical and medical logistics sector through a deepened strategic partnership and a major
IMO : New publications supports global action on underwater noise from shipping
LONDON : Awareness of underwater radiated noise (URN) from shipping has grown significantly in recent years. This type of noise – emitted by ships includes propeller cavitation, engine machinery, and hull movement – can
Ports to power India’s $30 trillion vision: Sonowal outlines ₹80 lakh crore maritime investment roadmap by 2047
NEW DELHI : Union Minister for Ports, Shipping and Waterways Shri Sarbananda Sonowal has said that India’s ports are emerging as the engine of Viksit Bharat, driving the nation’s transformation into a $30 trillion
Samudra Suddhih Rastrasya Vriddhih : DG Shipping marking a historic milestone in India’s maritime journey
MUMBAI : The Commemorative Conference on the Occasion of Celebrating 75 Years of the Directorate General of Shipping set sail with a grand inauguration uniting global dignitaries, policymakers, and industry pioneers to chart India’s
Deendayal Port Authority looks to build smaller ships
GANDHIDHAM : For nearly a year, Deendayal Port Authority (DPA), which operates Deendayal port (earlier Kandla Port) in Gujarat, has been pursuing an ambitious plan to convert over 2,000 acres of coastal land into