Yang Ming’s first quarter profit exceeds US$110 million
TAIWAN : Yang Ming reported first quarter revenues of US$1.22 billion and net profit of US$112 million with earnings per share (EPS) of NT$0.97. According to the Taiwanese
Iran seizes ‘Purity’-an oil tanker, US boosting military presence
TEHRAN : Iran has detained a third tanker in the space of 19 days, as the confrontation over the control of maritime assets in the Persian Gulf heats
PSA Sines welcomes largest Container Vessel in Portuguese history on its maiden voyage
SINES : The Liberian container vessel MSC TESSA set a milestone record by calling at the Port of Sines in Portugal on 14 April 2023, during its maiden
Baltic index logs worst day in three weeks on lower vessel rates
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell the most in three weeks on last Thursday, pressured
Panama Canal maintenance work aims to extend its life by a century
PANAMA : From their vantage point in cranes overlooking the Panama Canal, operators scrutinize the century-old walls of one of its locks as the high-pitched siren of a
Shipping starts on the Chittagong-Dubai route
DHAKA : Shipping has recently started in the Chittagong-Dubai route even as part of its debut journey, a ship carrying 121 export containers from Bangladesh left Chittagong Port
Dubai unveils World’s Largest Ocean Restoration and Ecotourism initiative
DUBAI : Dubai Reefs comprises a sustainable floating community dedicated to marine research, ecotourism, and regeneration. The assignment includes residential, retail, hospitality, educational, and research facilities. Dubai Reefs
Maersk injects additional vessels into Asia – Europe services
COPENHAGEN : Maersk has announced changes to its Asia – Europe network aiming to improve the reliability of its services and enhance their fuel efficiency. As of week
Hapag-Lloyd Q1 2023 : Good resilience in weaker market environment
HAMBURG : Hapag-Lloyd has concluded the first quarter of 2023 with an EBITDA of USD 2.4 billion (EUR 2.2 billion). EBIT decreased to USD 1.9 billion (EUR 1.7
DP World’s Jebel Ali Free Zone looks to cut shipping cost between UAE & India
JEBEL ALI : Dubai-based Logistics firm DP World’s Jebel Ali Free Zone (Jafza) has said it aims to reduce time and cost of shipping goods between India and