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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…
Economy Oct, 28, 2024 0

High freight rates strain global supply chains, threaten vulnerable economies

Global shipping costs surged in the first half of 2024, driven by unprecedented disruptions in major maritime routes and rising operational costs. The strain on supply chains and economies is…
Shipping Oct, 25, 2024 0

Hapag-Lloyd raises outlook on stronger-than-expected demand

International shipping company Hapag-Lloyd raised its full-year earnings guidance on Thursday (Oct 24) citing stronger-than-expected demand and higher freight rates. Despite increased expenses from the diversion of vessels around the…
Maersk container
Shipping Oct, 22, 2024 0

Maersk applies reefer surcharge from Chile and Peru to Asia

Danish ocean carrier Maersk has announced the introduction of a new peak season surcharge (PSS) from Chile and Peru to Asia. The surcharge of US$1,000 per container will be applicable…
Photo available at https://www.vesselfinder.com/ship-photos/679986
Shipping Oct, 21, 2024 0

Houthis execute drone assault on Maersk-chartered vessel

A Maersk-chartered container ship has been reportedly attacked by Houthis in the Arabian Sea, as the Iran-backed Yemeni rebel group continues targeting vessels in response to the Gaza War. Houthi…
Economy Oct, 18, 2024 0

Paraguay’s Economic Strain as River Water Levels Plummet

The historic drop in the water levels of the Paraguay River threatens to disrupt Paraguay’s economy, increasing transportation costs and driving up the prices of essential goods. As warnings grow,…
Shipping Oct, 18, 2024 0

Freight rates will stay high next year – no respite for shippers, predicts Drewry

Some three million teu of new tonnage arriving next year will most likely be “more than offset” by further market disruption, ensuring no respite for embattled shippers, according to Drewry.…