MISC sees good prospects for LNG and tanker shipping in 2023
KUALA LUMPUR : Malaysian shipowner MISC is upbeat on LNG and tanker shipping earnings in 2023 despite some softening. Kuala Lumpur-headquartered MISC reported a full year operating profit
HMM to jump on the methanol-fuelled containerships worth of $1.12bn
SEOUL : South Korea’s HMM is ordering nine 9,000 TEUs capacity boxships with methanol dual-fuelled engines from two South Korean yards. The orders worth a total of $1.12bn
BSC to receive $22.48m pay-out from insurers for vessel hit by rocket in Ukraine
DHAKA : State-run Bangladesh Shipping Corporation (BSC) will get a $22.48m pay-out from insurers over its abandoned bulk carrier, Banglar Samriddhi, which has been stuck in Ukrainian waters for
Maersk files a lawsuit against Evergreen over Suez Canal grounding
COPENHAGEN : Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever Given, which blocked the Suez Canal for six days in
HMM’s annual profits crosses US$7 billion
SEOUL : South Korean container shipping company HMM saw its revenue rose 34.7% to US$14.57 billion in 2022, while its operating profit increased by 34.8% to US$7.8 billion.
MSC and Costamare agree to jointly fund $45m California oil spill settlement
GENEVA : Mediterranean Shipping Company (MSC) has confirmed it is part of $45m settlement for claims from October 2021 pipeline spill in California, although maintains full responsibility for
Mawani and Bahri launch Europe-Asia Cargo Service Via Jeddah Islamic Port
RIYADH : The Saudi Ports Authority (Mawani) and Saudi Shipping giant Bahri have jointly announced the addition of a new freight service connecting Europe and Asia via Jeddah
CMA CGM Group sign a MoU with La Poste Group to step up their cooperation in their respective areas
MARSEILLE : A memorandum of understanding was signed in Paris on February 7, 2023, by Philippe Wahl, Chairman and Chief Executive Officer of La Poste, Rodolphe Saadé, Chairman
Maersk Line following the trend of ship demolition
COPENHAGEN : Maersk Line has sold a 1999-built feeder ship for scrap, joining several other liner operators that have begun shedding older tonnage as the freight market corrects
ZIM takes actions to support earthquake victims in Turkey
HAIFA : ZIM donated and sent containers loaded with humanitarian aid and equipment, as a first phase in an aid effort for the victims of the earthquake in