August 12, 2024
March 22, 2026
August 12, 2024
China-Europe Railway Express freight volume up 11% in Jan.-July period
BEIJING : The China-Europe Railway Express operated a total of 11,403 trains that transported nearly 1.23 million twenty-foot equivalent units (TEUs) of goods in the first seven months of this year, up 12 percent
August 12, 2024
New York Shipping Exchange recalibrates strategy amid global shipping challenges
NEW YORK : The New York Shipping Exchange has modified its operating strategy, responding to a significant shift in how customers contract for container shipments. Rather than focusing largely on drafting contracts, the over-the-counter exchange now
August 12, 2024
YM vessel explosion at Ningbo-Zhoushan Port raises serious safety concerns
NINGBO : A major explosion has occurred on a Yang Ming boxship while berthed at the port of Ningbo-Zhoushan in China in another incident that raises serious safety concerns. “This type of incident should never happen
August 12, 2024
Seaspan has ordered 27 container vessels in June only
VANCOUVER : The containership new building market has accelerated notably in 2024 and at a very high pace over the last couple of weeks. Seaspan Corporation has given a large order for a series
August 12, 2024
Global trade conditions continue to deteriorate in July
NEW YORK : The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade continued to deteriorate headed into the second half of 2024. The seasonally adjusted Global
August 12, 2024
Drewry: World Container Index Down 3% Last Week
LONDON : Drewry’s World Container Index decreased 3% to $5,551 per 40ft container last week. Drewry’s detailed assessment for Thursday, 08 August 2024 The latest Drewry WCI composite index of $5,551 per 40ft container
August 12, 2024
Baltic index set for first weekly gain in four on strong capesize demand
LONDON : The Baltic Exchange’s main sea freight index marked its first weekly gain in four on Friday, helped by higher rates for capesize vessel segments. The overall index, which factors in rates for
August 10, 2024
Sonowal introduces two shipping-related bills in Lok Sabha
NEW DELHI : Union Minister of Shipping Shri Sarbananda Sonowal on Friday (August 9, 2024) introduced two Bills — Carriage of Goods by Sea Bill, 2024, and the Bills of Lading Bill, 2024, in
August 10, 2024