May 24, 2024
March 19, 2026
May 24, 2024
Peak in China’s coal demand in sight as renewables jump 12% : BIMCO
LONDON : Between January and April 2024, China’s electricity generation from renewables surged 12% y/y, significantly outpacing the 6% growth in generation from fossil fuels. While steam coal shipments to China rose 29% y/y,
May 23, 2024
Container lines make $5.4bn profit amid Red Sea disruption
SINGAPORE : After six consecutive quarters of falling profits, container lines rebounded in the first quarter 2024 with rate support from geopolitical disruption. Container line earnings have been on a downward trajectory since the
May 23, 2024
Allianz Commercial: Shipping losses hit all-time low despite increasing risks for the whole sector
SINGAPORE : Given as much as 90% of international trade is transported across oceans, maritime safety is critical. Thirty years ago, the global shipping fleet lost around 200 large vessels a year. This total
May 22, 2024
Indian crew world’s most abandoned seafarers, union figures show
LONDON : Indians are the most abandoned nationality of seafarers with 411 already recorded for this year to surpass last year’s 401, a UK-headquartered global union of transport workers has said. The International Transport
May 22, 2024
Kotahi and Maersk enter second decade of committed New Zealand export freight partnership
COPENHAGEN : Kotahi, New Zealand’s largest containerised freight manager and A.P. Moller – Maersk (Maersk), a global integrated logistics company, have signed a second long term freight agreement to December 2034, providing New Zealand
May 22, 2024
ZIM : Financial results for the first quarter of 2024
HAIFA : ZIM announced its consolidated results for the three months ended March 31, 2024. First Quarter 2024 Highlights Eli Glickman, ZIM President & CEO, stated, “We are pleased with the current positive momentum
May 22, 2024
Ocean Network Express and the University of Tokyo partner to establish Social Cooperation Program ‘Container Management Science’
TOKYO : Ocean Network Express (ONE) is pleased to announce the launch of a Social Cooperation Program, “Container Management Science” in collaboration with the School of Engineering at The University of Tokyo, commencing April
May 22, 2024
Tugboats escort ship MV Dali, that caused deadly Baltimore bridge collapse back to Port
BALTIMORE : Dali, the container ship which struck the Francis Scott Key Bridge in Baltimore causing its collapse, has been refloated and is being moved to a new location. The ship had been stuck
May 22, 2024