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November 6, 2024

Evergreen Marine earns $30M from sale of 28-year-old Vintage Panamax Container Ship

International Shipping, Shipping Line, Trending News
TAIPEI : Evergreen has secured an impressive $30 million from the sale of the 1996-built, 5,364 TEU Ever United, which is scheduled to deliver charter-free later this month. “This remarkable sale at a historically
November 6, 2024

British Columbia ports head toward lockout as labor talks stall

Export - Import, Foreign Ports, International Shipping, Shipping Line, Trade, Trending News
LONDON : British Columbia ports head toward a lockout on Nov. 4 as negotiations between the International Longshore and Warehouse Union (ILWU) Local 514 and the British Columbia Maritime Employers Association (BCMEA) come to
November 6, 2024

Container ship deliveries hit new record of 2.5 million TEU : BIMCO

Container, Global Trade, International Shipping, Ship Building, Shipping Line, Trending News
LONDON : Just ten months into 2024, shipyards’ deliveries of container ships have reached a new annual record. A total of 410 ships with a capacity of 2.5m TEU have been delivered, surpassing the
November 6, 2024

Drewry launches new intra-Asia online service

International Shipping, Container, Maritime, Shipping Line, Trade, Trending News
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
November 6, 2024

Baltic index rises as capesize segment logs gains

International Shipping, Dry Bulk Shipping, Shipping Line, Trade, Trending News
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
November 5, 2024

VoC Port welcomes Indian Navy’s autonomous Surface vessel ‘Matangi’

Navy, Defence, Ports, Shipping, Trending News
TUTICORIN : Shri Suresh Babu, Chairperson i/c., & CME, and senior officers of the Port warmly welcomed Indian Navy’s indigenously developed autonomous Surface vessel, ‘Matangi‘ on her maiden visit to V.O.Chidambaranar Port Authority, Tuticorin
November 5, 2024

Assam Govt implementing steps to revitalise waterways : CMO

Maritime, Inland Waterways, Trending News, Water Transport, waterways
GUWAHATI : Assam Government is actively working to revitalise the state’s waterways by enhancing safety, modernising infrastructure and improving connectivity, the Chief Minister’s Office (CMO) said on Monday. The Assam Inland Water Transport Development
November 5, 2024

Gateway Distriparks launches double stack rail services at Faridabad hub

Logistics, Rail Freight, Railway, Trending News
FARIDABAD : Multimodal logistics operator Gateway Distriparks Ltd(GDL) on Monday said it has launched double stack rail services at its inland container depot in Faridabad, which will help reduce transit time and logistics cost.
November 5, 2024

Kaushalya Logistics Limited signs partnership with Maersk Line to strengthen surface transportation in India

Logistics, International Shipping, Trending News
MUMBAI : Kaushalya Logistics Limited ( KLL), a prominent conglomerate in logistics support for the cement industry, recently secured an agreement with Maersk Line, the global giant in container shipping based in Copenhagen, Denmark.
November 5, 2024

Ocean Network Express registers strong Financial Result for FY2024 2nd Quarter

International Shipping, Shipping Line, Trade, Trending News
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
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