March 4, 2023
May 6, 2026
March 4, 2023
Shipping Companies Reach $97M California Oil Spill Agreement
CALIFORNIA : Shipping companies will pay nearly $97 million to settle a lawsuit with a pipeline operator over a 2021 oil spill off the coast of Southern California, the pipeline company said Wednesday. Amplify Energy, the Houston-based
March 4, 2023
China likely to dominate 2023 oil demand growth: MSI
SHANGHAI : Tanker markets have performed well over the first two months of the year, with sharp increases in spot earnings in both the crude and products sectors, according to Maritime Strategies International (MSI).
March 3, 2023
Hapag-Lloyd CEO says he is optimistic about shipping development in India
FRANKFURT: German container liner Hapag-Lloyd (HLAG.DE) sees great opportunity in India where containerisation levels are still low, Chief Executive Officer, Mr. Rolf Habben Jansen told reporters on Thursday. Having accompanied German Chancellor Olaf Scholz on a
March 3, 2023
MSC, world’s biggest shipping company and U.S.-China trade bellwether, is betting on a rebound for global economy
GENEVA : MSC, Mediterranean Shipping Company, the world’s largest ocean freight line, tells that it is expecting positive signals for the global economy from trade demand, but it will be months before a rebound
March 3, 2023
Hapag-Lloyd publishes 2022 annual report and announces forecast for the current financial year
HAMBURG : Hapag-Lloyd published its annual report for 2022, the year of its 175th anniversary. According to the report, Hapag-Lloyd’s EBITDA increased to USD 20.5 billion (EUR 19.4 billion). EBIT grew to USD 18.5
March 3, 2023
UAE issues new law on Dubai Ports Authority to boost maritime trade
RIYADH : A new law aimed at boosting investments and trade in Dubai’s maritime sector has been issued by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE. Under
March 3, 2023
COSCO SHIPPING Ports buys stakes in two Xiamen firms
SHANGHAI : COSCO SHIPPING Ports confirmed the completion of the acquisition of 56% of the equity interest in Xiamen Haicang Free Trade Port Zone Company and 30% of the equity interest in Xiamen Ocean
March 3, 2023
PIL strengthens Middle East coverage with Gulf Service 2 (GC2)
SINGAPORE : With the aim of continually improving its connectivity from Asia and enhancing its coverage of the Middle East, Pacific International Lines (PIL) is pleased to introduce an additional service, known as Gulf
March 3, 2023