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November 11, 2023

Analyst says Maersk rate cutting behind Q3 losses

International Shipping, Shipping Line, Trade, Trending News
HONG KONG : Analysis by Hong Kong-based Linerlytica suggests that the sudden and deep decline in container freight rates in the third quarter was initiated by Maersk Lines’ attempts to recover market share. Container
November 11, 2023

A plan to join the Red Sea with Mediterranean — an alternative to the Suez Canal : Report

International Shipping, Foreign Ports, Maritime, Ports, Trending News
It has been speculated that one of the reasons behind Israel’s desire to eliminate Hamas from the Gaza Strip and completely control the Palestinian enclave is to give itself the chance to better explore a dramatic
November 11, 2023

Ruth Wood appointed as permanent CEO at Mersey Maritime

International Shipping, Company, Maritime, Trade, Trending News
BIRKENHEAD : Just five months after becoming Interim Chief Executive of Mersey Maritime, Ms. Ruth Wood has now been appointed to the role on a permanent basis. Ruth Wood is a former senior manager
November 11, 2023

NAVTOR and Voyager Worldwide to Merge in Landmark Industry Combination

International Shipping, Maritime, Shipping, Trending News
EGERSUND : NAVTOR, a leading e-Navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a leading provider of maritime technology solutions, announced that both companies have agreed to merge in a landmark
November 10, 2023

Container Shipping bracing for downturn : Hapag-Lloyd Chief

International Shipping, Logistics, Shipping Line, Trade, Trending News
HAMBURG : The container shipping industry faces a few years of headwinds as low freight rates, a weak European economy and widening geopolitical turmoil cloud the outlook, the head of the world’s fifth-biggest carrier said.
November 10, 2023

Hapag-Lloyd posts 77% drop in 9-month net profit, cuts outlook

International Shipping, Shipping Line, Trade, Trending News
HAMBURG : German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from a year earlier, and cut its
November 10, 2023

Wärtsilä and Seaspan transform maritime operations with SmartDock autodocking system

International Shipping, Maritime, Ship Building, Technology, Trending News
HELSINKI : Wärtsilä ANCS, part of technology group Wärtsilä, has delivered to Seaspan, a marine transportation and shipbuilding company, the cutting-edge autonomous SmartDock capabilities to the seas. This delivery marks a significant step towards
November 9, 2023

New One Sea member MAHI adds expertise in Maritime Autonomy

International Shipping, Company, Maritime, Shipping Line, Technology, Trending News
LONDON : MAHI has become the latest company to join One Sea, bringing further expertise to the growing association whose mission is to advance understanding of maritime autonomous surface ships. In what is proving
November 9, 2023

Maersk announces PANZ Service : Change of rotation due to industrial actions at DP World Terminals in Australia

International Shipping, Container Terminal, Foreign Ports, Shipping Line, Trending News
MELBOURNE : Maersk has announced that due to DP World’s industrial action and berth availability delays in Melbourne, it will proceed with PANZ Service port rotation change. The Danish carrier said the schedule for
November 9, 2023

Varamar and COSCO Shipping agree commercial partnership to boost respective trades

International Shipping, Logistics, Shipping Line, Trade, Trending News
ANTWERP : Varamar DMCC and ASL Shipping & Logistics Pvt Ltd, a COSCO Shipping group company,  on Wednesday announced that they have entered into a strategic commercial partnership with the aim of helping both companies to strengthen their
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