Drewry launches new intra-Asia online service
LONDON : Drewry’s new online Intra-Asia Container Market Insight service confirms that growth in the intra-Asia container shipping market, which over the last five years (2019-2023) registered a compound average growth rate (CAGR) of
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 for capesize, panamax and supramax shipping
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 65% from the same quarter of
Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg: Milestone for Sustainability & Efficiency
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 patron, Eva Maria Tschentscher – Hamburg’s
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 and express support for freedom of
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 Russia-related trades, some analysts recently said
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 led to fears of high volatility
Start-up SeaO₂ secures €2+ million investment to extract 1 gigaton of CO₂ out of the sea by 2045
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) technology, which efficiently extracts CO₂ from