VLCC Rates Surge More Than Tenfold as Saudi Arabia-China Earnings Near USD 650,000 per Day
The global VLCC market has recently seen an unusual surge. Baltic Exchange data show that as of August 28, daily earnings on the S
Crane Lifting Accident at Mumbai Port Causes Collision and Fire, Injuring Two
A crane lifting accident occurred at Indira Dock in Mumbai Port, India, on the evening of August 30, local time. A mobile crane be
Global Port Congestion Worsens, With Average Vessel Wait Times Nearly Twice 2019 Levels
Congestion at container ports worldwide continues to worsen. The latest analysis from shipping consultancy Drewry shows that durin
Logistics and Port Facilities Hit in Ukraine Amid Unconfirmed Reports of Strike on DHL Site
On August 31, warehouses and logistics facilities in several parts of Ukraine’s Kyiv region were damaged in drone attacks. Interfa
K Line Orders Three New 311,000 DWT VLCCs, with Deliveries Starting in 2029
Japanese shipping company K Line is expanding its VLCC newbuilding portfolio. On August 28, K Line announced that it had signed sh
APM Terminals Begins Construction on $550 Million Laldia Container Terminal in Chattogram, Bangladesh
Maersk-owned port operator APM Terminals is increasing its investment in Bangladesh’s port sector. On August 30, APM Terminals lau
