Feb

Container ship sinks off Egypt’s coast

An Italian containership owned by Linea Messina has sunk off Egypt’s coast on December 14. All crewmembers were rescued during an operation after it broke down in rough weather, according to Egypt’s news agency MENA.

Maersk Line has announced that it is bringing back its AE9 service between Asia and northern Europe. The service was withdrawn in October in preparation for this year’s European winter season, since when trade conditions have duly deteriorated, taking freight rate levels with it.

Indian coastal shipping services are planning to open to foreign shipping lines, however foreign flag vessels would carry only containerized cargo along the country’s coast.

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