July 16, 2024
May 23, 2026
July 16, 2024
FMC issues request for additional information regarding Gemini Agreement
LONDON : A global operational alliance between two of the world’s largest container shipping companies will not go into effect next week because more information is needed by the Federal Maritime Commission to determine
July 16, 2024
CMA CGM introduces US$1,000 surcharge from India West Coast to East Africa and Indian Ocean
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
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
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
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
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
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
Baltic index declines as capesize rates fall
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