January 6, 2024
March 16, 2026
January 6, 2024
India mulls subsidies for exporters facing higher shipping costs
NEW DELHI : Given the recent spate of attacks on cargo ships in the Red Sea, India is mulling a variety of measures, including subsidisations for Indian exporters to offset higher shipping costs and
January 6, 2024
FMC granting ‘special permission authority’ for Red Sea diversion freight hikes
WASHINGTON : The hostilities in the Red Sea will likely be igniting other battles, albeit of a commercial rather than military nature, as container lines seek hefty rate increases and file urgent requests with
January 6, 2024
Shanghai retains the world’s busiest container port crown in 2023
SHANGHAI : The Chinese Port of Shanghai maintained the title as the world’s busiest container port in 2023 with a 3.6% increase in volumes. Container volume at Shanghai Port exceeded 49m teu last year, 1.7
January 6, 2024
Indian Railways achieve 1154.67 MT freight loading till December, 2023
NEW DELHI : On cumulative basis from April – December 2023, freight loading of 1154.67 MT was achieved against last year loading of 1109.38 MT, an improvement of 45.28 MT over last year’s loading
January 6, 2024
CMA CGM announces new FAK rates from Asia to Med and North Europe
MARSEILLE : The French carrier, CMA CGM implemented new Freight All Kinds (FAK) rates as follows from 15 January 2024 (date of loading in the origin ports) until further notice: 20′ 40’/40’HC/40’RF WEST MEDITERRANEAN US$3,500
January 6, 2024
OOCL expands fleet with introduction of 24,000 TEU mega vessel
SINGAPORE : Orient Overseas Container Line (OOCL) announced the addition of a new 24,000 TEU mega vessel to its fleet. The newest member of OOCL’s fleet was named OOCL Valencia at the shipyard of Nantong COSCO
January 6, 2024
AD Ports Group and Red Sea Port Authority Initial 15-Year Concession Agreement to Boost Cruise Tourism in Egypt
CAIRO : AD Ports Group, a leading facilitator of global trade, logistics, and industry today initialled a 15-year concession agreement with the Red Sea Port Authority (RSPA), to operate and manage three cruise terminals
January 6, 2024
Saudi Red Sea Authority initiates on ground inspections ahead of License Issuance
RIYADH : Saudi Red Sea Authority (SRSA), the key enabler and regulator of coastal tourism activities in Saudi’s Red Sea, has begun on ground inspections as a prerequisite for issuing the required licenses to
January 5, 2024