Baltic index rises as capesize segment logs gains
LONDON : The Baltic Exchange’s dry bulk sea freight index rose on Tuesday, buoyed by rising rates across the capesize vessel segment. The index, which factors in rates
Ocean Network Express registers strong Financial Result for FY2024 2nd Quarter
SINGAPORE : Ocean Network Express (ONE) released the financial result for FY2024 2nd Quarter (from July 2024 to September 2024). The revenue for FY2024 2nd quarter was US$5,864million, up
Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg: Milestone for Sustainability
HAMBURG : The eponymous flagship of Hapag-Lloyd’s “Hamburg Express” class – was ceremoniously christened at the Container Terminal Burchardkai in the Port of Hamburg. As the ship’s naming
IMO Secretary-General visits Red Sea countries
LONDON : International Maritime Organization (IMO) Secretary-General Mr. Arsenio Dominguez has completed a series of visits to countries in the Red Sea area, to discuss the current situation
Trump presidency seen as bullish for tanker rates in US, Middle East; Russia wild card
WASHINGTON D. C. : A second Donald Trump presidency could push up tanker rates in the Middle East and the US Gulf while ushering in great uncertainty over
India’s Crude Oil imports fall amid refinery shutdowns and West Asia tension
NEW DELHI : India’s crude oil imports in October declined to a 13-month low amid maintenance-related shutdowns at some refineries and the geopolitical crisis in West Asia which
Start-up SeaO₂ secures €2+ million investment to extract 1 gigaton of CO₂ out of the sea by 20
AMSTERDAM : Dutch startup SeaO₂, specialising in innovative carbon (CO₂) removal technology from seawater, announces receiving €2+ million in new investments. Utilising its breakthrough Direct Ocean Capture (DOC)
Freight Investor Services launches enhanced FIS Live App V2
LONDON : Freight Investor Services (FIS), a world-leading brokerage and service provider in freight and commodity derivatives, is excited to announce the launch of the second generation of
India wants to grow with the World : S Jaishankar
BRISBANE : India, which is on the path of growth, wants to grow with the world, External Affairs Minister Dr. S Jaishankar said on Sunday, stressing that there is
Discussions on bilateral ties and cooperation held between Jaishankar and Thai counterpart Sangiampo
NEW DELHI : External Affairs Minister Dr. S. Jaishankar and his Thai counterpart, Maris Sangiampongsa, held a meeting here on Saturday, where they discussed strengthening bilateral relations, enhancing