Xeneta Shipping Index October 2024: Long term market turns a corner as rates fall
OSLO : The ocean container shipping market turned another corner in October as the Xeneta Shipping Index (XSI®) fell for the first time since June. The Global XSI®,
Egypt reports $6B loss from Houthi attacks on commercial shipping
CAIRO : Egyptian Foreign Minister Badr Abdel Aati announced that Houthi attacks on commercial vessels transiting through the Bab al-Mandeb Strait and the southern Red Sea have inflicted
Drewry’s World Container Index up 4% last Week
LONDON : Drewry’s World Container Index increased 4% to $3,213 per 40ft container this week. Drewry’s detailed assessment for Thursday, 31 October 2024
Baltic Index logs Fifth Weekly Loss on Weaker Rates across all Vessel segments
LONDON : The Baltic Exchange’s dry bulk sea freight index fell on Friday and posted its fifth straight weekly loss, weighed by weaker rates across vessel types. The
DPA Kandla in a plan for new container terminal and multipurpose berth with ₹27,000 crore investme
GANDHIDHAM : To regain the ground ceded to Paradip Port last year, Kandla—one of the oldest major ports of India—is working on a long-term expansion plan to develop a
Piyush Goyal concludes successful visit to Kingdom of Saudi Arabia, strengthening India-Saudi Arabia
RIYADH : Union Minister of Commerce and Industry, Shri Piyush Goyal, successfully concluded his visit to the Kingdom of Saudi Arabia. During the visit, Shri Piyush Goyal participated
UK celebrates Diwali with hope for ‘magic moment’ to light candle on India FTA
LONDON: The UK is very keen to clinch the Free Trade Agreement (FTA) with India and is building towards that magic moment, Britain’s minister in charge of the
Rashtriya Ekta Divas celebrated at JNPA; Virtually participated in pledge ceremony organised by the
MUMBAI : Jawaharlal Nehru Port Authority – India’s Best Performing Port, in a spirited tribute to Sardar Vallabhbhai Patel, celebrated Rashtriya Ekta Divas with great enthusiasm. The day
Maersk reports strong results across all business segments
COPENHAGEN : A.P. Moller – Maersk (Maersk) continued its strong business performance in the third quarter. Maersk reported growth across its businesses and financial results significantly above those
PSA Mumbai celebrates the arrival of advanced container handling equipment for Phase 2
MUMBAI : PSA Mumbai has celebrated the arrival of advanced container handling equipment for Phase 2! This shipment features two Super Post-Panamax Rail Mounted Quay Cranes (RMQC) and