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April 18, 2024

COVID pandemic wiped 24.6 million TEU off container market growth : BIMCO

Export - Import, Global Trade, International Shipping, Logistics, Maritime, Shipping Line, Trade, Trending News
LONDON : “Due to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the pandemic, that figure would have been
April 18, 2024

Baltimore bridge collapse could yield the largest maritime insurance losses

International Shipping, Foreign Ports, Trending News
BALTIMORE : The Baltimore bridge collapse could cost up to $4 billion in insured losses, which would make it the most expensive incident involving a ship collision for insurers in modern history. The crash
April 18, 2024

India is world’s largest democracy and an important strategic partner : U.S.

Global Trade, Economy, Trending News
WASHINGTON : The Biden administration asserted that India was an important strategic partner of the U.S. and added that the status of the relationship is expected to remain unchanged. US Department of State Spokesperson,
April 18, 2024

AI-zation of the Fleet: Dalmia Logistics Partners with drivebuddyAI enhancing Driver & Fleet Safety with ADAS

Logistics, Technology, Transport, Trending News
AHMEDABAD : DrivebuddyAI, a pioneering leader in AI-driven solutions for the transportation industry, proudly announces the onboarding of Dalmia Transports & Logistics as its latest client. Operating within the dynamic cement sector in Kanpur,
April 18, 2024

Maersk implements new PSS from Asia

International Shipping, Trending News
COPENHAGEN : Maersk is implementing the Peak Season Surcharge–PSS for China from China to Dar es Salaam, Tanzania effective 22-Apr-24 for all 20 dry, all 20 reefer, all 40 dry, all 40 reefer and
April 18, 2024

Jebel Ali Port returns to top-10 busiest container ports

International Shipping, Foreign Ports, Global Trade, Logistics, Maritime, Trending News
DUBAI : Alphaliner’s report said the Middle East’s largest container port, Dubai/Jebel Ali, has re-entered the top 10 ranking of global container ports, overtaking Europe’s biggest port and demonstrating the scale of the economic
April 18, 2024

HMM to double fleet by 2030 in major expansion plans

International Shipping, Shipping Line, Trending News
 SEOUL : HMM will double its fleet to 240 vessels by the end of the decade, it has revealed in its mid-to-long-term strategy published shortly after a sale of the company fell through.  The 2030
April 18, 2024

Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion

International Shipping, Maritime, Shipping Line, Trending News
HAMBURG : Hapag-Lloyd and Seaspan Corporation enter into a partnership agreement to retrofit and convert five 10,100 TEU container ships powered by conventional MAN S90 engines to dual-fuel engines capable of operating on methanol.
April 18, 2024

Port of Portland to stop Terminal 6 container services in October

International Shipping, Foreign Ports, Trending News
PORTLAND : Nearly three months after requesting additional funding from the state, the Port of Portland has announced that container terminal services will end in the fall. As the only international container terminal in
April 18, 2024

ClassNK grants Innovation Endorsements for Products & Solutions to three solutions developed by iO3

International Shipping, Maritime, Technology, Trending News
TOKYO : ClassNK has granted its Innovation Endorsements for Products & Solutions*1to an internet payment facility ‘V.Pay’, an AI maritime camera surveillance solution ‘V.Sight’, and a wearable AR smart-glass solution ‘V.Sion’, developed by iO3
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