Yearly Archives: 2024
CMA CGM Receives CDP Rating For Climate Index
The Carbon Disclosure Project (CDP) has rated the CMA CGM Group an A- in its 2023 climate index.
The shipping company noted that...
AD Ports Group Signs Key Agreements For Trade And Infrastructure In India
AD Ports Group has announced the signing of strategic MoUs with Gujarat Maritime Board and RITES Limited, a certified multi-disciplinary transport and infrastructure company,...
Red Sea Crisis, Impact On Shipping Costs
Even as the Red Sea crisis pushes up shipping expenses, Indian exporters are getting some relief from the higher cost burden by negotiating rates...
GE Shipping Inks Deal To Acquire Medium Range Product Tanker
Great Eastern Shipping Company said that it has contracted to buy a Medium Range product tanker of about 49,999 deadweight tonnage.
Current fleet
The company's current...
Optimistic Outlook: Dry Bulk Markets Surge Amidst Global Trends
Capesize
On the C5 front, we see enquiries from miners, some operators, and tenders for late February to early March dates. Things are quieter on...
Market Surge: Owners’ Advantage As Rates Soar Globally
VLCC
Quite a week, with rates swinging further into owners’ favour. A tight position list globally, leaving charterers with fewer options. In the MEG, those...
HMM Maintains Profitability Amid Market Volatility
HMM has bucked the negative trend of its peers by managing to stay in the black in Q4 last year, and has shrugged off...
Container Ship Captain Sentenced For Drink Driving Offense
A Polish national and container ship captain, was sentenced to a suspended prison sentence and fine after being detected nearly four times above the...
MSC Adopts Wind Deflector For Fuel Efficiency
Mediterranean Shipping Company (MSC) has joined the trend of implementing wind deflectors on container ships to reduce front-end wind resistance against container stacks. This...
ClassNK Launches E-Learning Courses on Shipping And Shipbuilding Industry
Tokyo – ClassNK has introduced E-Learning courses offered through its training and education service, “ClassNK Academy”. The courses are designed to impart foundational and...