MSC buys into Traxens

MSC launches bid to acquire Gram Car Carriers (GCC) amid historically strong car carrier market fundamentals.

MSC has confirmed the safety of the twenty-five crew members aboard the MSC Aries, seized on April 13 in the Strait of Hormuz by Iranian authorities.

The decision to declare general average indicates that the owners of Dali expect the salvage operations to result in extraordinarily high costs.

MSC Aries, owned by a company run by Israeli billionaire Eyal Ofer, has been seized by the Islamic Revolutionary Guard Corps.

The high-performance terminal will be fully electrified, and capable of accommodating large container ships, according to the Port of Valencia.

Many liners avoid Middle Eastern ports East of Suez and opt for the Cape of Good Hope route to unload or load Middle Eastern cargo in Sri Lanka.