Charter owners’ share of fleet has fallen to 40%, lowest since 2002 : BIMCO
LONDON : The charter owners’ container fleet has grown at an average annual rate of 3.2% for the past twelve years and currently stands at 11.7m TEU. The
IMO presents pathway to net-zero shipping at Bonn climate talks
BONN : The International Maritime Organization (IMO) has outlined its latest progress and plans to decarbonize global shipping by or around 2050, in a submission to the Bonn
Container shipping demand up significantly : Hapag-Lloyd CEO
HAMBURG : Hapag-Lloyd Chief Executive Officer Rolf Habben Jansen said on Wednesday that demand for container shipments across the world’s oceans has risen significantly in recent weeks but
Taiwan’s TS Lines makes third attempt at an IPO in Hong Kong
TAIWAN : TS Lines has made a third attempt at an initial public offering on the Hong Kong Stock Exchange. Earlier attempts in 2022 and 2023 stalled as
ABB introduces Optimal Speed Routing to help vessels enhance fuel efficiency and reduce emissions
HELSINKI : ABB has introduced a new feature to its Routing Services portfolio that will allow vessel owners to manage fuel costs on a through-voyage basis by optimizing
ADNOC Logistics & Services to acquire Navig8
ABU DHABI : ADNOC Logistics and Services Plc, a global energy maritime logistics company, on Monday announced an agreement to acquire Navig8 TopCo Holdings Inc. an international shipping
New service linking JaxPort to India and Pakistan begins this month
FLORIDA : A new direct container service that connects Jacksonville to ports in India and Pakistan will begin calling on JaxPort this month, the Port Authority announced June
WSC welcomes IMO regulations on mandatory reporting of containers lost at sea
LONDON : The World Shipping Council welcomes new regulations from the International Maritime Organization (IMO) on reporting containers lost at sea. Under recently adopted amendments to the International
Maersk upgrades full-year guidance
COPENHAGEN : On the back of continued strong container market demand and the disruption caused by the ongoing crisis in the Red Sea, A.P. Moller – Maersk now
COSCO switches 16,000 TEU quarter to run on methanol
SHANGHAI : COSCO Shipping Lines has announced that it will switch four 16,000 TEU newbuildings to be dually fuelled with methanol, from conventional fuel. The company said this