A.P. Moller – Maersk reports solid Q1 results
COPENHAGEN : A.P. Moller – Maersk (Maersk) reports a first quarter of 2023 in line with expectations. Continued destocking and easing of congestions implied lower volumes across all
NorthStandard announces sponsorship of Seafarers Happiness Index as latest report reveals dip in sat
NEWCASTLE (UK): NorthStandard is pleased to announce its continued sponsorship of Seafarers Happiness Index, an initiative of the Mission to Seafarers, as the latest report highlights a decline
Hapag-Lloyd Annual General Meeting approves all proposed resolutions
HAMBURG : Hapag-Lloyd AG shareholders approved today with the required majority all items on the agenda put to the vote at the Annual General Meeting. This included the
CMA CGM confirms first Car Carrier Charter for CEVA Logistics
MARSEILLE : CEVA Logistics, part of the CMA CGM Group, confirmed the rumor circulating for weeks that they will be entering the car carrier segment chartering four vessels.
Liner supply falls as operators reduce average sailing speed by 4% : BIMCO
COPENHAGEN : “During the COVID-19 pandemic liner operators increased the average sailing speed by up to 4% due to strong demand and widespread port congestion. Today, the situation
Experts see more opportunities than risks for breakbulk in 2023/24
DEVON (UK) : “In 2022, demand growth for multipurpose vessels slowed significantly, while fleet capacity increased,” Susan Oatway says when summarising the breakbulk and project cargo year 2022.
Scorpio Tankers doubles Q1 revenue
MONACO : Scorpio Tankers announced a strong set of first quarter results, doubling its revenue and returning to profit in the first three months of 2023. Profit of
MSC boosts support for Asia-India Trade with New Shikra Service
GENEVA : To meet growing global demand, and strengthen Asian port connectivity and availability, MSC is proud to unveil a new inter-Asia service between the main ports of
India building 7,200 km transport corridor to counter China’s BRI
NEW DELHI : The 7,200 km long International North South Transport Corridor (INSTC) connecting India and Russia is now rapidly coming to life after remaining a slow starter
Container shipping under pressure globally due to high interest rates : S&P Global Commodity In
SINGAPORE : Container shipping, globally, will be “under pressure” because of high interest rates and inflationary pressures across developed economies; which in turn brings in “recessionary traits”, says