Oil Tanker explosion leaves five seafarers dead and 15 injured in blaze
BALI : A domestic Indonesian tanker ‘Elisabet Satu‘,caught fire off the resort island of Bali around 3 am local time on 7 August, killing five crewmen and injuring
MSC achieves record market share in Container Shipping
GENEVA : MSC has reached an unprecedented market share of 19.8%, the highest ever recorded by a carrier, according to Alphaliner. The Geneva-based carrier has added about 400,000
Bangladesh garment factories reopen after Sheikh Hasina ouster
DHAKA : Garment factories in Bangladesh, forecast to account for 90% of the country’s exports, reopened on Wednesday hoping to swiftly resume full operations after production was disrupted
World’s largest sailing cargo ship of modern history to set sail
LONDON : Anemos, the world’s largest sailing cargo ship, has set sail on its inaugural voyage from Concarneau, South Brittany. The pioneering vessel, developed by TransOceanic Wind Transport
Futures show more downside to freight rates in 2025
SHANGHAI : Shanghai container futures trades suggest that Asia-Europe freight rates could fall further in 2025, after appearing to have peaked now. On 5 August, the index points
Snowman Logistics registers 9% growth in revenue in the first quarter of FY 2024-25
MUMBAI : During the quarter ended June 30, 2024, the recorded during the quarter ended June 30, 2024, Snowman Logistics Ltd recorded revenue of INR 140.23 Crores as
Indian naval warship INS Tabar docks near London’s Tower Bridge
LONDON : Several members of the Indian diaspora gathered on the banks of the river Thames to greet INS Tabar and witness the grand sight of the iconic
King Abdulaziz Port sets record with 20,645 containers handled on single ship
RIYADH : Saudi Arabia’s maritime sector is experiencing significant expansion, highlighted by the King Abdulaziz Port in Dammam achieving a milestone in container handling. The port recently set
Container ship newbuilds reach post-Covid high
Boxship newbuilding orders have burst back into life as the Red Sea crisis has caused freight and charter rates to reach levels not seen since the Covid-19 pandemic.
India’s crude oil imports from Russia surge 1000%
NEW DELHI : India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This marks
