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Shipping May, 23, 2024 0

CMA CGM Group launches loyalty program SEA REWARD

CMA CGM Group, a global leader in maritime, land, air, and logistics solutions, is launching SEA REWARD, the first loyalty program for maritime transport customers. SEA REWARD is unique in…
Ports and Terminals May, 22, 2024 0

Port of Santos’ First LNG Tanker Ship Docks Amid Legal Disputes

The LNG tanker vessel Speak Meridian docked at the Port of Santos on Monday morning, May 20, marking the start of operations at the new Liquefied Natural Gas (LNG) regasification…
Shipping May, 21, 2024 0

Dali towed away from Baltimore bridge collapse site

Dali, the container ship that struck down Francis Scott Key Bridge in Baltimore, has arrived at Seagirt Container Terminal after being refloated on 20 May. An allision between the 2015-built…
Shipping May, 20, 2024 0

Red Sea crisis may be overcome this year, Hapag-Lloyd CEO hopes

Hapag-Lloyd still expects that the Red Sea crisis will be over before the end of 2024, chief executive Rolf Habben Jansen said in an interview with Reuters on Wednesday, May…
HMM to join the Alliance
Shipping May, 17, 2024 0

Bloomberg: Shipping is a dirty business. Cleaning it up is lucrative

South Korea’s tech-heavy stock market has found inspiration in an underappreciated sector of the nation’s sprawling economy. HD Hyundai Marine Solution Co. raised more than $500 million in its initial…
Shipping May, 15, 2024 0

Ship that struck Baltimore bridge lost power twice before crash

The cargo ship Dali that crashed into Baltimore’s Key Bridge in March had a pair of catastrophic electrical failures minutes before the crash and had experienced two blackouts a day…
Ports and Terminals May, 15, 2024 0

Santos-Guarujá Tunnel Construction Designed To Not Disrupt Port Operations

The president of the Santos Port Authority (APS), Anderson Pomini, assures that the construction of the Santos-Guarujá tunnel will not disrupt the passage of ships through the port’s access channel.…
Shipping May, 15, 2024 0

Hapag-Lloyd reports significant decline in Q1 financial results

German container shipping company Hapag-Lloyd concluded the first quarter of 2024 with revenues of US$4.6 billion and a Group EBITDA of US$942 million. Additionally, Hapag-Lloyd recorded US$396 million in EBIT…
Shipping May, 14, 2024 0

Shipyard output hits seven-year high

After a decade of declining output, shipyard production has begun to edge up in recent years with deliveries in Q1 reaching a seven-year quarterly high of 10.1m cgt, according to…
Shipping May, 14, 2024 0

HMM reports strong first quarter financial results

South Korea’s major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion in revenue in the first…