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Shipping Nov, 04, 2024 0

International Maritime Organization Sets Ship Decarbonization Goals

The International Maritime Organization (IMO) is closely monitoring sustainability and automation efforts within the shipping industry. As the agency responsible for enhancing maritime safety, protecting the sector’s activities, preventing ship…
Shipping Nov, 04, 2024 0

CMA CGM announces fresh America rates

French box line CMA CGM has notified its customers that, effective 1 December, a Rate Restoration Initiative (RRI) will be implemented as follows: The RRI will apply to shipments from…
Shipping Nov, 01, 2024 0

Maersk and Hapag-Lloyd line up major newbuild order to boost Gemini fleet

Newbuilding activity has continued unabated, as liner operators compete for market share ahead of the reshuffling of container shipping alliances in 2025. Maersk Line and Hapag-Lloyd, set to launch their…
Shipping Nov, 01, 2024 0

Maersk raises 2024 outlook following “strong Q3 performance”

A.P. Moller-Maersk announced “strong business performance” in the third quarter, reporting growth across its business segments and financial results well above the previous year. This growth was largely led by…
iss070e034694 (Nov. 30, 2023) --- The Suez Gulf (right) and the southern portion of the Suez Canal are pictured from the International Space Station as it orbited 260 miles above Egypt near the Mediterranean coast.
Shipping Oct, 31, 2024 0

Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat

A.P. Moller-Maersk expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through the Suez Canal until 2025 due…
Shipping Oct, 31, 2024 0

ONE reports nearly US$2 billion in profit for Q2 FY2024

Singapore-headquartered container carrier Ocean Network Express (ONE) released its financial results for the period July-September 2024, which is the second quarter of the company’s FY2024. ONE’s revenue for this period…
Shipping Oct, 31, 2024 0

Wilson Sons will start building, in 2025, three powerful tugboats with sustainable technology at its shipyard in Guarujá, São Paulo

Wilson Sons will start building, next year, a new range of three super powerful tugboats with sustainable technology at its shipyard in Guarujá, São Paulo. It plans on renewing and…
Shipping Oct, 29, 2024 0

CMA CGM braces for an even greater financial hit from French windfall tax

French MPs have amended a bill before parliament that would make a temporary windfall tax on the country’s ocean shipping operators permanent. The tonnage tax regime has also been modified,…
Maersk container
Shipping Oct, 29, 2024 0

Maersk and Danone partner to reduce the greenhouse gas emissions of seaborne logistics

Maersk is partnering with Danone, one of the world’s leading food and beverages companies, to reduce its logistics greenhouse gas (GHG) emissions by using Maersk ECO Delivery Ocean, a product…
Shipping Oct, 28, 2024 0

Panama Canal net income rose to $3.45 billion despite drought

The Panama Canal’s profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe drought that reduced the number of vessels that passed through…