CMA CGM, COSCO, Evergreen and OOCL extend OCEAN Alliance to 2032
SHANGHAI : On 27 February, the Chief Executive Officers of the CMA CGM Group, COSCO SHIPPING, Evergreen, and OOCL gathered in Shanghai to sign a Memorandum of Understanding,
PIL collaborates in MoUs with SGTraDex and bunker suppliers
SINGAPORE : Pacific International Lines (PIL), in collaboration with Singapore Trade Data Exchange (SGTraDex), has recently entered into Memorandums of Understanding (MoUs) with bunker suppliers TFG Marine, KPI
MISC Group announces financial results for the year 2023
KUALA LUMPUR : MISC is pleased to announce its financial results for the financial year ended 31 December 2023. Financial Highlights: Group Revenue, Operating Profit and Profit Attributable
US targeted Iranian and Houthi commanders and shipping
NEW YORK : The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to businesses in China in sanctions announced on Tuesday. Mohammad Reza Falahzadeh, deputy
Cargo volumes in Red Sea area drop 21% due to attacks on ships : BIMCO
LONDON : “During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number
Baltic index hits over 1-month high on sturdy vessel rates
LONDON : The Baltic Exchange’s dry bulk sea freight index extended gains for an eighth straight session to touch 1-1/2 month peak on Tuesday, buoyed by climbing rates
CMA CGM’s financials declines amid stable container volumes
MARSEILLE : French ocean carrier CMA CGM reported revenues of US$47 billion in 2023, translating to a 36.9% decline compared with 2022 figures, EBITDA of US$9 billion, down
Asia to Europe containerised exports surge to 16.5 million TEUs in 2023
TOKYO : According to data compiled by the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), containerised exports from Asia to Europe reached 16.58 million
ONE achieves another milestone with record-breaking load
SINGAPORE : Ocean Network Express (ONE) has achieved another milestone with a sixth consecutive record-breaking load, this time aboard the ONE Infinity. Last week, the vessel set a
OOCL boosts fleet with new eco-friendly Ultra Large Container Vessel
WAN CHAI : Orient Overseas Container Line (OOCL) announced the introduction of its latest mega container ship, named OOCL Abu Dhabi. This addition marks OOCL’s eighth eco-friendly vessel