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Peak season sees freight rates more buoyant and carriers bullish on price hikes

Container freight rates on the major east-west deepsea trades are beginning to lift as the peak season begins and price hikes scheduled for next week make their presence felt in the market.

8 Crew Evacuated from Sinking Turkish Freighter off Croatia

Eight crew members of Turkish cargo ship Haksa have been evacuated after the freighter started sinking while underway in the Adriatic Sea, around 16 nautical miles off Croatia’s Jabuka Island, the Ministry of the Sea, Transport and Infrastructure of the Republic of Croatia said on Sunday.

DFDS Expands in the Med with Turkish Freight Operator

Danish shipping and logistics company DFDS has signed an agreement to acquire 98.8% of Turkey’s largest operator of freight shipping routes, U.N. Ro-Ro.

COSCO SHIPPING PORTS TO BUILD FREIGHT STATION AT KHALIFA PORT

Abu Dhabi Ports and Cosco Shipping Ports Limited (CSP) and Abu Dhabi Ports broke ground for the  construction of a new container terminal at Khalifa Port during a high-profile event on Sunday, reported WAM.