India-US shippers hit by three rounds of hefty rate hikes in January
MUMBAI : Indian shippers are getting flooded with general rate increase (GRI) and peak season surcharge (PSS) notices as container lines attempt to maximise pricing out of the
New maritime route to increase trade competitiveness of Jordan, Egypt
CAIRO : The newly announced shipping route, dubbed the Arab Line for Maritime Transport, that links Egypt, Jordan, and Iraq, and launched recently by the Arab Bridge Maritime
UK is ready to attack Houthi rebels, says UK Defence Secretary
LONDON : Britain is considering air strikes on Houthi rebels as the Defence Secretary, Mr. Grant Shapps warns that the UK will not hesitate to take “direct action”
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
Indian Navy centre’s report highlights maritime security threat from drone attacks in Indian O
NEW DELHI : In its November 2023 monthly report, the Indian Navy’s Information Fusion Centre – Indian Ocean Region (IFC-IOR) emphasised the increasing peril of drone attacks in
Hapag-Lloyd to decide today about resuming Red Sea routes operation
HAMBURG : Hapag-Lloyd will decide on Wednesday whether to resume journeys through the Red Sea, a spokesperson said on Tuesday as Maersk prepared to return to the area after
Red Sea shipping pause : Industry sees 30% rise in costs, 2-week delay
NEW DELHI : Industry is bracing for a 30% rise in freight and insurance costs, and delays of around 15 days for consignments to reach Europe, with global
MSC joins shipping giants Hapag-Lloyd and Maersk in Red Sea travel pause amid attacks
GENEVA : MSC, the world’s largest shipping carrier, said it is no longer traveling through the Suez Canal after its container ship, the MSC PALATIUM III, was attacked
ZIM vessels divert from Arabian regional waters
HAIFA : Israeli container vessels are avoiding the Red Sea region as the conflict in Gaza and the heightened regional tension have increased the risks for all ships
More container ships could be held up if Red Sea tensions escalate
HONG KONG : Any intensification of ship attacks in the Red Sea could tie up 30% of the boxship fleet as more vessels will need to be rerouted,