Saudi Ports Authority “Mawani”, announced a 12.07% increase in container handling across the ports under its management in 2023
RIYADH : Saudi Ports Authority “Mawani”, announced a 12.07% increase in container handling across the ports under its management in 2023. A total of 8,443,746 TEU were handled, marking a noteworthy rise from the
FMC granting ‘special permission authority’ for Red Sea diversion freight hikes
WASHINGTON : The hostilities in the Red Sea will likely be igniting other battles, albeit of a commercial rather than military nature, as container lines seek hefty rate increases and file urgent requests with
Indian exporters brace for more price hikes as normalcy evades Red Sea
MUMBAI : Indian exporters may continue to witness a rise in shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez Canal, opting for the longer route
Freight rates on Indian trades move up amid Suez Canal routing disruptions
MUMBAI : After a long streak of declining trends, container freight rates on major trades out of India have begun to rise amid carrier routing disruptions through the Suez Canal, according to the latest
ERMA FIRST’s Shore Power Connector BLUE CONNECT receives Bureau Veritas approval
PERAMA (GREECE) : Bureau Veritas (BV), a world leader in testing, inspection and certification, has granted an Approval in Principle to Greek company ERMA FIRST for its BLUE CONNECT system, a high voltage alternative
Container shipping outlook 2024: Rising risk of delays, disruptions
NEW YORK : The supply chain crisis is long over, but America’s importers still have a lot to keep them up at night as they plan for 2024. Two key container shipping “chokepoints” —
Early movers crucial in closing $200 per container cost gap for zero emissions shipping in green corridors
LONDON : A new report released on Wednesday at the margins of COP28, details the annualised total costs of zero emission container vessels and the cost difference on a per container basis for transpacific
Container freight rates fall to 2019 levels while costs remain high : BIMCO
LONDON : Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with 2022 and 2019 respectively. On the other hand,