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Bahri’s net income falls 16.87% y-o-y in 3Q 2023
A rise in operating costs and shipping rates impacted Bahri’s bottomline in 3Q 2023
TODAY: Israel to pay compensations for vessels damaged in war + Has the EU lifted the ban on Iraqi Airways?
Good morning, friends. We have a relatively packed issue for you this morning, so let’s dive in. THE BIG LOGISTICS…
DP World + Rosatom set up USD 10 mn JV for new Arctic container shipping route
The arctic route is set to slash a week off the 23 days it takes to sail from North America…
TODAY: SCA announces transit fee rebates for some vessels + an end to the Armenia-Azerbaijan conflict?
Good morning, friends. We have a packed issue for you this morning in terms of big agreements and partnerships in…
Key US-Canada trade artery shuts down due to union strike + China, Russia could boost trade through Northern Sea route, though NATO has its concerns
Saint Lawrence Seaway shuts down after union walkout: The Saint Lawrence Seaway, a major trade artery that is jointly managed…
India’s IPGL looks to the UAE for equipment for Iran’s Chabahar port + more customs digitization in Dubai
SHIPPING + MARITIME- India’s IPGL to source equipment from Gulf-based firms to use at Iran’s Chabahar Port: India’s state-owned India…
CMA CGM chief sees shipping rates continuing to normalize well into next year, while Bloomberg’s out with an op-ed on global crises’ impact on freight rates
CMA CGM head doesn’t see shipping headwinds subsiding anytime soon, but no need to panic: CMA CGM CEO Rodolphe Saadé…
Qatar’s Milaha records a decline in net income in 3Q 2023 due to falling container volumes + EasyLease sees bottomline fall amid expansion efforts
The maritime firm felt the impacts of falling container volumes and rates, with a c.74% decline in net income
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