Thursday, April 24, 2025
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CATEGORY

Sea

Drewry WCI drops further, remains above pre-pandemic levels

Global container freight rates continued their downward trend, with the Drewry World Container Index (WCI) composite index falling by 3% this week to $2,192...

IMO strengthens protections for detained seafarers from unfair treatment

The International Maritime Organization (IMO) has adopted landmark new guidelines aimed at safeguarding seafarers from unfair treatment when detained in foreign jurisdictions concerning alleged...

Intra-Asia container shipping costs surge: Drewry Index up 11%

Drewry's Intra-Asia Container Index (IACI), a key indicator of regional spot container freight rates, has seen a significant increase, climbing 11% in the two...

Enhanced protections for seafarers secured through landmark maritime agreement

Governments, seafarers, and shipowners across the global shipping industry have reached a significant agreement on a series of amendments to the Maritime Labour Convention,...

Surge in global piracy driven by Singapore Straits spike

The ICC International Maritime Bureau (IMB) has reported a significant increase in global piracy and armed robbery incidents during the first quarter of 2025,...

France to supply 40 units of 35-meter patrol boats to Philippine Coastguard

France’s shipbuilding firm OCEA will supply 40 units of 35-meter patrol boats to the Philippine Coastguard (PCG). French Minister Delegate for Foreign Trade and French...

ICTSI’s Adriatic Gate Container Terminal welcomes MSC’s maiden call

Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Rijeka in Croatia, welcomed the commencement of the...

Holy Week 2025 actual seaports passenger

As of April 15, 2025, there are already 857,800 ship passengers in the country's various seaports. The Philippine Ports Authority projected a total of...

Lorenzo Shipping reports P541.78 million net loss in 2024 amid financial challenges

Lorenzo Shipping Corporation incurred a net loss of ₱541.78 million in 2024, leading to a cumulative deficit of ₱1.13 billion as of December 31,...

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