Ocean container shipping spot rate growth slows but market still rising: Xeneta

Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data from ocean freight rate benchmarking and intelligence platform Xeneta indicates spot rates on major trades out of the Far East will increase again on 15 June, but to a less […]

Flexibility and future-facing: Ingredients for a positive maritime industry outlook

GP General Procurement Company Limited (GENPRO) was delighted to welcome trade and logistics expert Dr. Jan Hoffmann as its keynote speaker at the company’s breakfast networking event in Athens during the Posidonia week to discuss key challenges in shipping and trade. Dr. Hoffmann (pictured, right), Head of the Trade Logistics Branch at United Nations Trade […]

Oil spill clean-up operations ongoing in Singapore after bunker vessel accident

MPA is conducting ongoing investigations following the allision between Dredger VOX MAXIMA and bunker vessel MARINE HONOUR on June 14, resulting in a major oil spill menacing Singapore beaches. Clean-up operations are progressing at sea and shore, with deployment of containment booms at various locations and over 250 personnel jointly deployed by various Singaporean authorities […]