Maersk to Cut 1,000 Corporate Jobs Amid Freight Rate Slump
Kiyaan Singh
Maersk confirmed on Thursday that it will lay off 1,000 corporate employees. The move is a direct response to deteriorating freight rates and the “gradual reopening” of Red Sea routes,…
Kiyaan Singh
Chattogram Port Strike Paralyzes Trade: Export Backlog Hits 10,000 Containers
Operations at Bangladesh’s main maritime gateway, Chattogram Port, remained paralyzed yesterday. The ongoing work stoppage has brought movement to a crawl, and the export sector is taking the hardest hit.…
SAIL Signs MoU with RITES to Optimize In-Plant Rail Logistics
Steel Authority of India Limited (SAIL) has signed a Memorandum of Understanding (MoU) with RITES to overhaul logistics across its plants and mines. SAIL runs a dedicated mini-rail network within…
Anglo-Eastern Cadet Sarthak Mohapatra Reported Missing at Sea
The maritime community is facing a distressing situation today. A young deck cadet from Bhadrak, Odisha, has gone missing while on duty in the Indian Ocean. Sarthak Mohapatra, serving with…
China Begins Sea Trials for World’s Largest Electric Containership (740 TEU)
China’s first 10,000-ton electric containership has officially begun its sea trials. Named the Ning Yuan Dian Kun, the vessel is being hailed as the largest of its kind and a…
MSC announces freight rates from Far East to Northern Europe, the Mediterranean, and Black Sea
MSC Mediterranean Shipping Company announces new freight rates from all Far East ports (including but not limited to ports in Japan, Korea, and Southeast Asia) to Northern European and Mediterranean…
Maersk Cancels Asia-Latin America Sailings (ASAS2) for Feb & April
Maersk has announced a schedule adjustment on its Asia–East Coast Latin America (ASAS2) service. The carrier is removing sailings to align with the traditional dip in demand caused by the…
Texas GulfLink Secures License for 1 Million Barrel Per Day Offshore Terminal
The U.S. Department of Transportation has officially approved a license for Texas GulfLink to build a deepwater crude oil export terminal off the Texas coast. This is a significant milestone…
Historic First: Cavotec Powers Europe’s First Car Carrier Shore Connection
Cavotec has supported a major milestone in European port electrification. For the first time ever, a car carrier at a European port has successfully connected to shore power. The event…
AD Ports Signs Deal to Develop Multipurpose Terminal at Matadi Port (DRC)
AD Ports Group has officially signed a Heads of Terms (HoT) agreement to develop and operate a multipurpose terminal at Matadi Port in the Democratic Republic of Congo (DRC). The…