Maersk to use Rail to bypass Panama Canal Amid Drought
COPENHAGEN : AP Moller-Maersk will use rail transport to avoid the drought-hit Panama Canal, the Danish shipping giant said late on Wednesday, as low water levels have caused one of the world’s main maritime trade routes to reduce crossings.The Panama Canal Authority (ACP)
Red Sea attacks leave shipping companies with difficult choices
CAIRO : The shipping companies that move goods on one of the world’s busiest trade routes for factories, stores, car dealerships and other businesses face an excruciating decision. They can send their vessels through the Red Sea if
MSC overtakes Maersk in becoming the World’s largest shipping line
GENEVA : MSC Mediterranean Shipping Company solidified its position as the most extensive shipping line in the world in 2023 with the addition of over one million TEUs (20-foot equivalent containers), per new numbers
Maersk diverts its Vessels from Red Sea ‘For the Foreseeable Future’
COPENHAGEN : Danish shipping giant Maersk has decided to divert all its vessels due to transit the Red Sea and Gulf of Aden south around the Cape of Good Hope in Africa for 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
Maersk suspends vessels’ passage in Red Sea strait for 48 hours after attack on Maersk Hangzho…
COPENHAGEN : Maersk, one of the world’s largest shipping companies, on Sunday (Dec 31) said that it was suspending the passage of its vessels through a significant Red Sea strait for 48 hours after
Maersk schedules dozens of vessels to travel via Suez Canal
COPENHAGEN : Maersk has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the coming days and weeks, it said on Wednesday, in a further sign that