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August 14, 2021

HMM achieves record profits and increased volumes during 2021 H1

International Shipping, Trending News
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 almost doubled to US$4.56 billion, compared
August 14, 2021

Drewry’s World Container Index gains US$50 this week

International Shipping, Trending News
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 the 17th consecutive week of increases,
August 12, 2021

Covid-19 outbreak on Maersk ship off Tauranga

Trending News, International Shipping
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 stated on 9 August that the
August 12, 2021

Major global shipping lines report record rise in revenues during June quarter

International Shipping, Trending News
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 increase in their revenues in the
August 11, 2021

MSC revises Middle East, Indian Subcontinent – USEC network

International Shipping, Trending News
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 Swiss container line has revised the
August 11, 2021

PSA Collaborates with RHT to Co-Create ESG Digital Assets Solutions

International Shipping, Trending News
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 solutions to further advance the goals
August 11, 2021

Maersk appoints new Chief People Officer

International Shipping, Trending News
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. Elvira will take over from Ulf
August 11, 2021

ONE Collaborates with PARIS to Optimize a Greener Inland Supply Chain

International Shipping, Trending News
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 on an exciting new project in
August 11, 2021

ZIM and Data Science Group establish a Center of Excellence for research in (AI)

International Shipping, Trending News
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 center will develop artificial intelligence and
August 10, 2021

Maersk’s Green Shipping Plan Runs Up Against Scarce Cooking Oil

International Shipping, Trending News
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. “The biofuel is sourced from used
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