Swan’s Shipyard makes payment of Rs.196 Crore to its Lender Consortium
MUMBAI : Swan’s Shipyard (RNEL) has made a payment of Rs.196 crores to its lender consortium in accordance with the payment schedule laid down in the NCLT approved
‘India charges us a lot’: Trump threatens to impose reciprocal tariff
WASHINGTON D.C. : US President-elect Donald Trump has warned India of imposing retaliatory taxes as “reciprocation” for the “high tariff” imposed by New Delhi on import of certain
DP World delivers 3,000 meals to local Food Charities
LONDON : DP World’s logistics hubs at Southampton and London Gateway have donated the equivalent of 3,000 meals to food distribution charities in their local communities. The donations
Moody’s upgrades Hapag-Lloyd’s credit rating to ‘Ba1’
HAMBURG : The rating agency Moody’s Investors Service (Moody’s) has raised Hapag-Lloyd’s credit rating by one notch from ‘Ba2’ to ‘Ba1.’ This is the highest credit rating assigned
SeaLead launches DUKE Service, Connecting Pakistan with the Middle East and East Africa
SINGAPORE : SeaLead, a fast-growing global shipping line, announced the launch of its new Dubai, Karachi to East Africa (DUKE) service, a direct liner service connecting Pakistan with
Deadline approaches for IMO-WISTA Women in Maritime Survey 2024
LONDON : The deadline to take part in the 2024 IMO-WISTA Women in Maritime Survey is just two weeks away, closing on 31st December. The survey will provide a
Sebastian von Hardenberg appointed as new CEO of BSM
HAMBURG : Effective 1 January 2025, Ian Beveridge will hand over the executive management of Bernhard Schulte Shipmanagement (BSM) to BSM’s Chief Financial Officer Sebastian von Hardenberg. Beveridge will
Baltic index extends losses on weaker capesize, supramax rates
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight Index, which tracks rates for ships carrying dry bulk commodities, extended losses to a 17-month low on Thursday, dragged
BIMCO: Container Shipping Market Overview & Outlook December 2024
LONDON : Despite the fastest growth in supply and the fleet since 2010, the supply/demand balance tightened in 2024. Ship demand has increased as 90% of the capacity
A bullish year for global shipping : Container market experienced remarkable growth in 2024
BOSTON : The year 2024 has seen values rise to near-record levels across Container sectors of the shipping industry, fuelled by the post-covid shipping boom and a strong