HMM achieves record profits and increased volumes during 2021 H1
HMM has reported its highest operating profit in its history of US$2.06 billion in the first half of 2021 with a margin of 45.1%, while the company’s revenue
Drewry’s World Container Index gains US$50 this week
Drewry’s composite World Container index increased marginally 0.5% or US$50 to US$9,421.48 per 40ft container on 12 August, 358% higher than the same week in 2020. This is
Covid-19 outbreak on Maersk ship off Tauranga
A Maersk Line’s vessel has been anchored off Tauranga port in New Zealand after 11 of its 21 crew members tested positive for Covid-19. New Zealand’s Health Ministry
Major global shipping lines report record rise in revenues during June quarter
CHENNAI : Riding on the steep hike in sea container freight rates, major global shipping lines — Hapag Lloyd, Ocean Network Express (ONE) and CMA-CGM — reported record
MSC revises Middle East, Indian Subcontinent – USEC network
SINGAPORE : Mediterranean Shipping Company (MSC) has announced the enhancement of its Middle East, Indian Subcontinent & US East Coast network, which now includes three distinct services. The
PSA Collaborates with RHT to Co-Create ESG Digital Assets Solutions
PSA International has entered into a Memorandum of Understanding (MoU) with the RHT Group of Companies (RHT) to explore co-creation and investment in Environmental, Social, and Governance (ESG) digital assets
Maersk appoints new Chief People Officer
COPENHAGEN : Maersk has appointed a new Chief People Officer, Susana Elvira, set to assume the position from September 1, reads an announcement from Maersk released on Monday.
ONE Collaborates with PARIS to Optimize a Greener Inland Supply Chain
TOKYO : Ocean Network Express (ONE) Inland Operations and PARIS Optimal Transport Planning Solution (PARIS), a wholly owned subsidiary of Hutchison Port Holdings, have jointly announced a collaboration
ZIM and Data Science Group establish a Center of Excellence for research in (AI)
ISRAEL : In a joint venture, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) and Data Science Group (DSG) are establishing a Center of Excellence in the field of artificial intelligence (AI). The
Maersk’s Green Shipping Plan Runs Up Against Scarce Cooking Oil
COPENHAGEN : A.P. Moller Maersk A/S’s efforts to become carbon-neutral face an unusual hurdle: there isn’t enough used cooking oil to make the biofuel that powers the vessels.