The Baltic Exchange’s main sea freight index extended gains to a 13th straight session on Tuesday, as the index tracking capesize vessels marked its highest level since early-January. The overall index, which factors in rates for capesize, panamax and supramax...

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Xeneta CEO Patrik Berglund said in late November that if spot rates had not stabilized and started to rise again by the first and second quarters of this year, “carriers have played this market really badly.” By that definition, ocean carriers have played this market...

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The Indian government is implementing a programme that will increase the government’s support for domestic shipbuilding. The authorities in New Delhi are optimistic that the new Program will not only improve the overall efficacy and balance of the sector but will also...

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Leading international ship classification society Indian Register of Shipping (IRS), has entered into a collaboration with Dassault Systèmes to leverage virtual twin technology for driving its digital transformation and boosting operational efficiency. The...

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SeaLead Shipping is pleased to announce the launch of a new Australia to India Subcontinent (ASIA) service, connecting major ports in Australia directly to India and Pakistan. The new service will commence in late March. SeaLead’s ASIA service will offer one of the...

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Iran and Venezuela have launched a direct shipping route to enhance trade ties amid U.S. sanctions, the Iranian embassy in Caracas announced in a statement released on Friday. According to the statement, the route seeks to facilitate the interaction between traders in...

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