OOCL’s revenues fall despite container volume uptick
SINGAPORE : In the first quarter of 2024, the total revenues of Orient Overseas Container Line (OOCL) decreased by 9% year-over-year to US$2 billion. At the same time,
A new solution proposed for drought-stricken Panama Canal goes around it
PANAMA CITY : As droughts continue to deplete the Panama Canal’s water levels, the maritime trading hub’s operators are planning a workaround. On Wednesday, Panama officials announced a new Multimodal
EU tanker import tonne mile demand up 12% as ships avoid Red Sea area : BIMCO
LONDON : “In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for
CMA CGM announces new PSS in Gambia
MARSEILLE : CMA CGM has announced the following Peak Season Surcharge (PSS) implementation in Gambia, which will take effect on 15 April for all shipments and on 10
US Navy shot down Houthi missile attacked on Maersk ship
WASHINGTON : United States forces have shot down an anti-ship ballistic missile that Houthi rebels allegedly fired at a Maersk ship in the Gulf of Aden. The US-flagged
US container imports remain stable, with several potential global challenges to be seen
NEW YORK : In March, US container import volumes saw marginal growth compared to February, edging up by only 0.4% to reach 2,145,341 TEUs. However, TEU volumes experienced
Port of Klaipeda makes history with inaugural ship-to-ship LNG bunkering operation
LITHUANIA : The Port of Klaipeda achieved a historic milestone with the successful completion of its first ship-to-ship LNG bunkering operation. On 9 April, the LNG tanker “Avenir
ClassNK awards approval in principle (AiP) for methanol fuel supply system developed by Mitsui E&
TOKYO : ClassNK has awarded an approval in principle (AiP) for a methanol fuel supply system developed by Mitsui E&S Shipbuilding Co., Ltd. Methanol is considered one of the
Maersk enhances ME2 service, expanding operations to North Europe
COPENHAGEN : Maersk has unveiled upgrades to its ME2 service, extending its operations to North Europe. The ME2 service, formerly turning in the Mediterranean (Algeciras and Tangiers), is
From Sea to Savings: How MSC Short Sea Shipping is Reducing CO2 and Costs
GENEVA : Reducing the environmental impact of transporting goods is one of the key ways we can reduce our overall impact on the planet’s health. In Europe, road