E Commerce Giant faces strike by employees in USA just before Christmas
The unionised employees of Amazon have declared strike on 19th December siting issues of low wages and tough working conditions. Presently they have stopped wo ...
MSC to acquire Wilson Sons for $ 768 million
On 21st Oct, Wilson Sons stated it is selling 56% of its share to MSC for $768 Million USD. SAS( Shipping Agency Services), a MSC subsidiary will be buying ...
Record of handling highest number of containers on a ship at Vizhinjam Port.
Recently on 27th Sept, Vizhinjam port made a record by handling highest number of containers on a vessel – 10,330 containers. The vessel was MSC ANNA w ...
Blast on Chornomorsk Port, Ukraine
On 8th Oct A vessel in Chornomorsk port was hit by missile. Vessel name is Shui Spirit, it is a Panama Flagged containership. The vessel is giving a feeder ...
India Exports – Ocean Freight reduction for Oct ’24
Below is a short Analysis for 20’ containers and the rates are as per market feedback which might vary as per spot and other factors. For Oct 2024 – The ...
Current situation at Red Sea – US Navy attacks on 15 Houthi locations on 4th Oct.
Recently on 1st Oct, vessel Cordelia Moon has been attacked by several missiles at Red Sea near Yemen by Houthi Rebels. The vessel sustained damage but the ...
Two vessels collided at Uskudar Port, Istanbul
On 4th Oct October, two vessels Ayed 1 and Bunun Ace bumped into each other at Uskudar port, Istanbul. After collision both the vessels were moved the port ...
USA port strike ends on 3rd Oct
The ILA (International Longshoremen’s Association) and USMX (United Stated Maritime Alliance) had a mutual agreement on their terms and strike ended on 3rd ...
Iran Israel war and its impact on maritime industry & global economy
With the on-going situation between Israel and Gulf countries the war seems to be imminent. Historically the wars between Israel and Gulf countries have ...
Taiwan ports closure on 2nd and 3rd Oct on arrival on Typhoon Krathon
Typhoon Krathon is expected to make landfall at a major Taiwanese port Kaohsiung shortly, expected by Wednesday night or Thursday (3rd Oct) morning. Current ...
Tanker explosion in Bangladesh
On September 30 around 11 AM, a shuttle tank exploded on river karnaphuli at Eastern refinery in Chittagong. This is second vessel explosion in Bangladesh in l ...
ILA strike at USA ports seems eminent during last hours
The strikes at US coast seems to be eminent, and all the stakeholders are trying to evacuate maximum possible cargo out of the port till 12:01 AM 1st Octob ...
Adani Ports entry at Tanzania – to operate Dar-Es-Salaam for next 30 years
APSEZ’s (Adani Port and Special Economic Zone Ltd) subsidiary AIPH (Adani Internation Ports Holding Pte Ltd.) has finalized a deal with Tanzania Port autho ...
Vessel Ruby in News in connection with Beirut blast of 2020
Recently vessel Ruby is in news – it is damaged and not getting entry for repair at ports in European countries because its carrying 20,000 MT of Ammonium Nitr ...
Port disruption looming at US East Coast Ports
Introduction – ILA (International Longshoremen’s Association) which is the largest union of Maritime workers in USA having a strength of 85K employees mi ...
Maersk appoints new MD of UAE – Lisa Park
As per recent news Maersk UAE appoints a new MD - Lisa Park. She will be stepping in from 1st Oct 2024. She will be replacing Christopher Cook who is movin ...
DSV to buy DB Schenker
Finally on 13th sept 2024, the deal was finalised for DSV to aquire DB Schenker in approx. 14.3 Billion EURO. Once both are merged, DSV will World no 1 freight ...
Maersk appoints new MD of South Asia – Christopher Cook
As per recent news Maersk appoints a new MD, Christopher Cook covering geographies for India , Sri Lanka, Nepal, Bhutan, Bangladesh and Maldives - he will ...
India Exports – Ocean Freight reduction for September’24
Below is a short Analysis for 20’ containers and the rates are as per market feedback which might vary as per spot and other factors. For September 2024 ...