MSC billion-dollar deal for Nigerian terminal
Kiyaan Singh
MSC Group has officially signed a 45 year concession agreement with Nigerdock to develop a state of the art container terminal at Snake Island Port (SIP) in Lagos, Nigeria. To…
Kiyaan Singh
CNC Reopens Middle East Import and Export Cargo Bookings
CNC, a subsidiary of the CMA CGM Group, has officially reopened its import and export bookings across the Middle East with immediate effect. This broad service resumption covers shipments moving…
CMA CGM Announces FAK Rate Increases for Asia to Mediterranean Routes
CMA CGM has announced an upcoming increase in Freight All Kinds (FAK) rates for cargo moving out of main Asian ports. The new tariff directly impacts shipments bound for destinations…
CNC Line Announces Emergency Fuel Surcharge for Asian Shipping Routes
Following a sharp rise in global bunker costs, CNC Line is rolling out a new Emergency Fuel Surcharge (EFS) for its Asian trade lanes. The rate hike is a direct…
India Bound Bulk Carrier Mayuree Naree Attacked in Middle East
The Thai registered bulk carrier Mayuree Naree was struck by two projectiles on Wednesday while transiting the Strait of Hormuz. The 30,000 DWT vessel, operated by Precious Shipping, caught fire…
ONE Increases Stake in Seaspan Parent Company Poseidon to 48.9%
Ocean Network Express (ONE) has signed new agreements with existing shareholders to acquire an additional stake in Poseidon Corp. As the parent company of Seaspan Corporation the world’s largest non-operating…
Jaigad Port Opens for Agri-Exports: New Route for Mango and Cashew
Jaigad Port on Maharashtra’s Konkan coast has officially opened as a new export route for Alphonso mangoes and cashews. For regional agricultural exporters, this deep water gateway serves as a…
DP World Launches Insetify: Carbon Inset Program for European Ocean Freight
DP World has announced the launch of Insetify, a new carbon inset trial specifically designed for ocean freight forwarding customers in Belgium, Portugal, and Sweden. Scheduled to begin on April…
COSCO Shipping Suspends Operations at Panama’s Balboa Port
Chinese shipping giant COSCO Shipping has officially suspended its operations at the Port of Balboa, located at the Pacific entrance to the Panama Canal. While COSCO has not publicly specified…
Scandlines Launches Zero-Emission Freight Ferry The Baltic Whale
Scandlines has officially put its new freight ferry, The Baltic Whale, into service on the Rødby-Puttgarden route connecting Denmark and Germany. The deployment marks a major milestone in the carrier’s…