Baltic index snaps 10-session losing streak as capesize rates gain
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a 10-session losing streak on last Friday, supported
Drewry: World Container Index Down 1% Last Week
LONDON : Drewry’s World Container Index decreased 1% to $5,736 per 40ft container last week. Detailed assessment for Thursday, 01 August 2024
Maersk ups profit target by $2bn on Red Sea shipping woes
COPENHAGEN : Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have
Maersk sees global trade disruptions lasting throughout 2024
COPENHAGEN : The global transport disruptions caused by the conflict in the Red Sea will last longer than expected and won’t be solved this year, according to AP
TACCC conference examines Net Zero transition
DUBAI : Preparations for the second Transportation and Climate Change Conference (TACCC) to be held in Abu Dhabi, at the Saadiyat Rotana Resort on Thursday September 26th, are
ClassNK issues world’s first approval in principle (AiP) for LNG carrier installed with Wind-A
TOKYO : ClassNK has issued an Approval in Principle (AiP) for the membrane-type LNG carrier installed with the ‘Wind Challenger’, a hard sail wind propulsion system. The ship
UK Chamber joins forces on a long-term plan to decarbonise shipping
LONDON : The UK Chamber of Shipping and seven other maritime trade bodies have written to maritime minister Mike Kane to call for a successor to the Clean
Veer selects Fosen Shipyard for wind power and Hydrogen Container Vessels
ATLANTA : Veer is one step closer to achieving breakthrough momentum for deploying the first clean container ship to cross an ocean: Veer has signed a Letter of
Hapag-Lloyd welcomes 66 new apprentices
HAMBURG : On Thursday, August 1 2024, 66 young men and women are starting their training at Hapag-Lloyd in Hamburg. Some of the apprentices will learn traditional maritime
A.P. Møller – Mærsk A/S – Trading update for Q2 and adjustment of full-year guidance 2024
COPENHAGEN : Based on preliminary figures, A.P. Møller – Mærsk A/S (APMM) reports an unaudited revenue of USD 12.8bn, underlying EBITDA of USD 2.1bn and underlying EBIT of