Drewry’s World Container Index remains steady
Drewry’s composite World Container Index (WCI) remained steady at US$9,192.50 per 40ft container this week, but it is still 250% higher than a year ago, with the shipping
HMM hits US$1.95 billion record Q3 profit
The South Korean shipping company HMM has reported an astronomical spike of 9,239.8% in net profit of the third quarter of the year, compared to the same period
Donya-Florence Amer to be Chief Information Officer at Hapag-Lloyd
HAMBURG : During its meeting the Supervisory Board of Hapag-Lloyd AG appointed Donya-Florence Amer to the Executive Board. On 1 February 2022, she will join the company as
Yang Ming boss : Newbuildings needed, but no rush
TAIWAN : Yang Ming Marine Transport will eventually order newbuildings, but this should not be rushed, according to the company’s Chairman Cheng Cheng-Mount. On 10 November, Cheng spoke
CMA CGM and Engie Partner to Develop Synthetic and Bio Fuels
MARSEILLE : CMA CGM is forming a strategic and industrial partnership with French energy company Engie to focus on the development of carbon-neutral fuels. The focus will be
Chipolbrok heads west
Chinese-Polish multipurpose shipping line Chipolbrok is enjoying healthy westbound volumes ex-China. While its vessel Chipolbrok Atlantic is delivering several cargoes for the European side of these services, the
Port of Rotterdam announces successful drone pilot
ROTTERDAM : The Port of Rotterdam has announced a successful drone pilot after a section of the quay at the Yangtze Canal was transformed into a drone port to demonstrate
ICS, IMO, Green Climate Fund discuss provision of $1.5 million to fast track R&D
The International Maritime Organization (IMO) and the International Chamber of Shipping (ICS) have met with the Green Climate Fund (GCF) to discuss funding options for the proposed “IMO Maritime Research
Industry, unions, UN taskforce to support seafarers in green transition
The shipping industry, unions and the UN are forming a task force to drive decarbonisation and support seafarers through the transition The Just Transition Maritime Task Force announced
Supply chain crisis gives once invisible shipping industry record profits and new adversaries
YIWU, China : Consider the plight of Xu Yaping’s flimsy swords and knockoff Barbies. Exported from the International Trade City here, a wholesale market the size of 1,000