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July 16, 2024

CMA CGM introduces US$1,000 surcharge from India West Coast to East Africa and Indian Ocean

International Shipping, Shipping Line, Trending News
MARSEILLE : French ocean carrier CMA CGM has notified its customers of an upcoming Peak Season Surcharge. This surcharge will be effective from 1 August 2024 (based on the loading date) and will remain
July 16, 2024

CSP’s Abu Dhabi Terminal’s cumulative throughput exceeds 5 million TEUs

Foreign Ports, International Shipping, Trending News
ABU DHABI : On July 5th, (COSCO SHIPPING Ports)CSP’s Abu Dhabi Terminal surpassed 5 million TEUs in throughput. Since its opening in December 2018, the terminal has launched over 20 international routes, and connected
July 16, 2024

OOCL achieves growth in both revenue and volumes

International Shipping, Shipping, Trending News
SINGAPORE : Orient Overseas Container Line (OOCL) has announced increased revenues and volumes in the second quarter of the year compared to the same period in 2023. In particular, the COSCO-owned ocean carrier reported
July 16, 2024

Maersk introduces SH3 Ocean Service between China and Bangladesh, adding capacity, flexibility and efficiency to retailers’ supply chains

International Shipping, Shipping Line, Trending News
COPENHAGEN : A.P. Moller-Maersk launched a new ocean shipping service between China and Bangladesh to meet the growing trade demand, especially in the retail industry. The new service, called SH3, commenced service on 7
July 16, 2024

How ‘Make in India’ and NLP Initiatives Strengthen India’s Shipping and Logistics Industry : Pushpank Kaushik

Logistics, Infrastructure, Shipping, Trade, Trending News
One of the biggest logistics industries globally, India connects various sectors by offering supply chain, warehousing, and transportation solutions from suppliers to customers. This industry is critical to India’s thriving economic climate, supporting the
July 16, 2024

Pause in Transpacific rate surge

International Shipping, Logistics, Trade, Trending News
SHANGHAI : Transpacific freight rates have corrected after rising for more than three months, as capacity additions have begun making an impact. When the Shanghai Containerised Freight Index (SCFI) closed on 12 July, the Shanghai-US West
July 16, 2024

House of Shipping appointed as Strategic Marketing and Communications Advisor for Gulftainer

International Shipping, Logistics, Maritime, Trade, Trending News
DUBAI : House of Shipping, a leading provider of business consultancy and advisory services in the maritime, shipping and logistics industries, announced it has signed an agreement with Gulftainer, a leading operator of regional
July 16, 2024

Baltic index declines as capesize rates fall

International Shipping, Dry Bulk Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged lower on Monday as rates for capesize vessels declined. The overall index, which factors in
July 15, 2024

PM lays foundation stone and dedicates to nation multiple projects worth more than Rs 29,400 crores in Mumbai

Trade, Infrastructure, Logistics, Ports, Railway, Shipping, Transport, Trending News
MUMBAI : The Prime Minister Shri Narendra Modi laid the foundation stone and dedicated to the nation multiple projects related to the road, railways and ports sector worth more than Rs Rs 29,400 crores
July 15, 2024

MoPSW approves research proposal on “Valorization of Dredged Sediments”

Ports, Shipping, Technology, Trade, Trending News
NEW DELHI : The Ministry of Ports, Shipping, and Waterways (MoPSW) has approved a research proposal on Valorization of Dredged Sediments. The project, sanctioned at an estimated cost of Rs. 46,47,380/-, will be implemented
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