EBIT surge 600% YoY for major carriers in Q3 2024
COPENHAGEN : The major carriers have reported a combined Q32024 EBIT of $17.06 billion, which is a 600 percent increase year-on-year. The shipping industry witnessed a remarkable turnaround
Container Shipping Hedges Green Transition With Dual-Fuel Vessel Orders
LOS ANGELES : Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising
Sweden seeks deepened defence ties with Singapore, especially in maritime security
SINGAPORE : Deepening defence ties, especially in terms of maritime security, emerged as one of Sweden’s key priorities during a three-day state visit by the Scandinavian nation’s King
MSC launches New Direct Service from Eastern Cape Region to Northern Europe
GENEVA : MSC is pleased to announce the launch of Eastern Cape Express Service, a new weekly service from Gqeberha (Port Elizabeth) and Walvis Bay directly to Northern Europe ports
AD Ports Group signs Framework Agreement with Egyptian Government to explore building First-of-its-K
RIYADH : AD Ports Group, a leading facilitator of global trade, logistics and industry (ADX: ADPORTS), announced today the signing of a framework agreement with the Egyptian government
HMM welcomes LNG-powered 7,700 TEU boxship duo for long-term charter
SEOUL : The two ships named HMM Ocean and HMM Sky were built by HJ Shipbuilding & Construction (HJSC) in South Korea under the shipbuilding order placed by Navios in
US concerns about the $3.6 billion Chinese-funded Chancay Port Project in Peru
PERU : Chinese President Xi Jinping inaugurated Peru’s Chancay Port on Thursday (November 14), describing it as the starting point for a “new land-sea corridor between China and
Deputy Ministry of Shipping, Cyprus announces for re-election to the Council of the International Ma
LONDON : The Deputy Minister of Shipping of the Republic of Cyprus, Ms Marina Hadjimanolis, announced the candidacy of the Republic of Cyprus for re-election to the Council
IMO Gender Equality Award to go to maritime entrepreneur Karin Orsel
LONDON : Celebrated maritime entrepreneur is a long-time advocate for diversity and inclusion in the shipping industry. Ms. Karin Orsel, co-founder and CEO of the MF Shipping Group
BDI still down 10% despite recovery in capesize demand : BIMCO
LONDON : “The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y.