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CMA CGM announces rate restoration initiative for North Europe to US routes

Container line CMA CGM has announced the implementation of its Rate Restoration Initiative 5 (RRI05) starting August 15. This initiative…
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IMO’s EEXI and CII regulations drive maritime emissions reduction

The International Maritime Organization (IMO) began enforcing the Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) regulations…
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Singapore’s GCMD completes final biofuel trial with Hapag-Lloyd and BP

Singapore’s Global Centre for Maritime Decarbonisation (GCMD) has successfully concluded its final biofuel trial in collaboration with German container firm…
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India and Korea set to finalize the FTA this year

Negotiations to enhance the existing India-Korea free trade agreement (FTA) are progressing, with senior officials from both countries discussing key…
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Box volume spikes cause trade flow snarls at Nhava Sheva terminals

Indian shippers at Nhava Sheva Port are grappling with severe congestion due to volume surges and unpredictable vessel schedules. Container…
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Fire on Maersk Frankfurt results in crew member fatality

A fire on the container vessel Maersk Frankfurt has resulted in the death of one crew member and ongoing smoke…
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