Suez Canal Authority says stability returning to Red Sea
CAIRO : Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company
Gemini Cooperation launches operations
HAMBURG : Gemini Cooperation, which has been jointly planned and implemented by Hapag-Lloyd AG (Hapag-Lloyd) and Maersk A/S (Maersk), an A.P. Moller-Maersk company, will start operations today, on
Maersk to launch its new ocean network
COPENHAGEN : Today, On February 1, Maersk A/S (Maersk), an entity under A.P. Moller – Maersk, and Hapag-Lloyd AG (Hapag-Lloyd) launch their operational collaboration Gemini Cooperation. The ambition
ONE released financial result for FY2024 3rd Quarter
SINGAPORE :Ocean Network Express (ONE) released the financial result for FY2024 3rd Quarter (from October 2024 to December 2024). The revenue for FY2024 3rd quarter was US$4,846million, up
The world’s first methanol-powered tugboat highlights a greener future for shipping
ANTWERP : At first glance, there’s nothing to distinguish Tug 21 from any other working tugboat at the Port of Antwerp-Bruges in Belgium. With its bright red and
BIMCO Dry Bulk Market Report: Return to the Red Sea would weaken market
LONDON : We expect a weaker supply/demand balance in 2025 and 2026 than in 2024, even if ships do not fully return to the Red Sea. In this
Hapag-Lloyd publishes preliminary business figures for 2024
HAMBURG : On the basis of preliminary and unaudited figures, Hapag-Lloyd achieved a Group EBITDA of USD 5.0 billion (EUR 4.6 billion) in the 2024 financial year. The
Bernhard Schulte Shipmanagement launches BSM Training Foundation in India
KOCHI : Bernhard Schulte Shipmanagement (BSM), a leading Third-Party ship manager, enters the market with a new offer for seafarer’s qualification in India. The newly launched BSM Training
Maritime experts forecast normalization of Red Sea Shipping in Q2 2025
CAIRO : Maritime transport experts project a return to normal shipping traffic levels in the Red Sea by the second quarter of 2025, following recent geopolitical stabilizations, including
IMO Secretary-General, Arsenio Dominguez, named Maritime Personality of the Week by Lloyd’s Ma
LONDON : Lloyd’s Maritime Institute honored to feature Mr. Arsenio Antonio Dominguez Velasco, a distinguished figure in the maritime industry and the current Secretary-General of the International Maritime