Indian Navy rescued Bangladeshi vessel near Somalia, attacked by Somalian pirates
NEW DELHI : The Indian Navy responded to an SOS by a Bangladesh-flagged cargo ship that was seized by pirates off the Somalia coast and took 23 of
Maersk and Hapag-Lloyd Gemini Alliance will seek to reduce costs
HAMBURG : With returns sliding back to pre-Covid levels after the supercharged pandemic period shipping lines are looking to control costs again to keep their heads above water.
World Shipping Council announces digital platform for cargo safety
WASHINTON D.C. : The World Shipping Council (WSC) has announced plans to develop a new Cargo Safety Program for the transport of dangerous goods, with the not-for-profit organisation
Houthis threaten to target merchant ships in Indian Ocean
YEMEN : The Houthis plan to attack ships in the Indian Ocean, as they travel toward the Cape of Good Hope, the group announced on Thursday. Two Houthi
Houthis claim first attacks on ships in Indian Ocean
SANA’A : Yemen’s Iran-backed Houthi militia claimed on Friday that it had attacked Israeli and American ships in the Indian Ocean for the first time, only hours after
IMO’s 2030 and 2040 GHG reduction targets now explicitly linked to fuel standard, whilst momentum
LONDON : The Sixteenth Meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships has just concluded with some progress made on the finalisation of
Hapag Lloyd renews appointment of Rolf Habben Jansen as CEO and also extends contract of Donya-Flore
HAMBURG : The Supervisory Board of Hapag-Lloyd AG has approved an early renewal of the contract of Chief Executive Officer (CEO) Rolf Habben Jansen, which runs until 31
As the highest throughput in its history, King Abdul Aziz Port in Dammam continued breaking records
DAMMAM : In February 2024, King Abdul Aziz Port in Dammam achieved a new record by handling 235,820 TEUs, an increase of 25.41% compared to the previous throughput
Container rates drop to unsustainable levels : Maersk CEO
COPENHAGEN : The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk, CEO Mr. Vincent
Hapag-Lloyd records third-highest group profit in history despite significant financial declines
HAMBURG : Hapag-Lloyd has reported revenues of US$19.4 billion and profit of US$3.2 billion in 2023, translating to massive year-on-year drops from US$36.4 billion and US$18 billion, respectively.
