Category Archives: News

Multiple green shipping corridor initiatives on the rise

Since member states reached an agreement at the International Maritime Organization's (IMO) headquarters in London to accelerate shipping's environmental goals, the proliferation of…
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Global carbon levy anticipated by 2027

The 81st session of the Maritime Environment Protection Committee (MEPC) concluded at the International Maritime Organization (IMO) signalled a probable introduction of a…
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Restrictions at Panama Canal at ease with the arrival of rainfall

The weather forecasts showing copious rain heading Panama’s way is good news for many international shipping companies as for the last 11 months…
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Baltimore Bridge Collapse Sparks Concerns over Delayed Shipments, Increased Shipping Costs

The closure of the Port of Baltimore in the US due to the collapse of the Baltimore Key Bridge is anticipated to cause…
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Norway to construct World’s first ammonia bunkering terminal

The Norwegian Directorate for Civil Protection has granted approval for the construction of the proposed ammonia bunkering facility at the Fjord Base in…
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Air Freight Rates Soar between India and Europe as Shippers Flock to Airways

The air cargo market from India to Europe has seen a significant increase in volumes this year, largely due to rising demand for…
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LNG carriers are completely avoiding the Suez Canal, no transportation for 65 days

New data released by the United Nations Conference on Trade and Development (UNCTAD) reveals that no LNG carrier has traversed the Suez Canal…
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The global trade crisis has prompted new routes: UNCTAD

Recent global crises have led to significant shifts in trade routes, highlighting the increasing need for trade facilitation tools and digitalization to ensure…
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East Mediterranean centres face challenges as the Red Sea crisis continues

The diversion of mainline vessels through the Cape of Good Hope has led to a significant decrease in vessel call capacity at East…
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Fuel costs rise as ships reroute amid the Red Sea crisis

Expressing concerns about maritime safety, the Chief Operating Officer (COO) of the Caravel Group, overseeing one of the world's largest ship managers Fleet…
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