After containers, dry bulk shipping is red hot now
The Baltic Dry Index or BDI, London-based Baltic Alternate’s foremost sea freight index that tracks charges to ship dry bulk commodities, rose essentially the most in over ten years on Wednesday lifting the spirits
Newbuild over-investment could shorten container shipping’s bull run
A huge surge in containership newbuild orders could act to shorten the current market boom for the sector, analyst Drewry warns. LONDON : Container shipping is enjoying a boom brought about by soaring demand
APM Terminals secures China-India Express service
MUMBAI : APM Terminals Pipavav on Tuesday said it has secured China-India Express (CII) service operated by OOCL and COSCO.While Orient Overseas Container Line (OOCL) is a Honk Kong-headquartered container shipping and logistics services
ZIM establishes scanning JV
HAIFA : Haifa-based container liner shipping company ZIM has established a new joint venture company called ZIMARK. The other partner in this new business is the Israeli start-up Sodyo which brings to ZIMARK the
India framing 10-yr action plan to increase domestic steel shipping container manufacturing capacity
Special Secretary (Logistics) Pawan Agarwal said one of the “serious” issues that the country is facing in creating an ecosystem for container manufacturing is availability and costing of special steel used to make those
Indian Register of Shipping (IRClass) launches new service for container certification
MUMBAI : Indian Register of Shipping (IRClass), an international ship classification society, launches a new service to provide certification of marine containers in accordance with IMO International Convention for Safe Containers (CSC). It has
Hapag-Lloyd orders 150,000 TEU of standard and reefer containers for 2021
HAMBURG : Hapag-Lloyd is stepping up once more the investment in its container fleet in light of the current situation – similar to what the container shipping line did in 2020 in its initial
Container Shipping Had Its Best Quarter in History Last Year. 2021 Could Be Even Better
NEW YORK : Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that record in the first quarter of