Greek owner to sell all container ships, spend $3B on LNG tankers
PIRAEUS : There have been a number of “big picture” questions about shipping stocks through the years: Should companies be “pure plays” or diversify across multiple segments? Which
Dry Bulk Market – Positive Momentum in all Classes : Baltic Exchange
LONDON : The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase in volume with several tenders and operator-controlled
Maersk India to Europe ME7 service port change announcement
MUMBAI : A.P. Moller – Maersk, is constantly reviewing its offering and making adjustments for the benefit of its customers and their supply chains. As such, they have
Shipping giant CMA CGM reports drop in quarterly profit, better volumes
MARSEILLE : CMA CGM on Friday informed about its profit fell in the third quarter as a COVID-era boom in shipping continued to fade, but its volumes picked
NYK boosts fleet with new LNG-powered PCTC
TOKYO : Japanese shipping company Nippon Yusen Kaisha has taken delivery of Sweet Pea Leader, the latest LNG-fueled pure car and truck carrier (PCTC), at Tadotsu Shipyard, part of Imabari
Analyst says Maersk rate cutting behind Q3 losses
HONG KONG : Analysis by Hong Kong-based Linerlytica suggests that the sudden and deep decline in container freight rates in the third quarter was initiated by Maersk Lines’
Container Shipping bracing for downturn : Hapag-Lloyd Chief
HAMBURG : The container shipping industry faces a few years of headwinds as low freight rates, a weak European economy and widening geopolitical turmoil cloud the outlook, the head
Hapag-Lloyd posts 77% drop in 9-month net profit, cuts outlook
HAMBURG : German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from
New One Sea member MAHI adds expertise in Maritime Autonomy
LONDON : MAHI has become the latest company to join One Sea, bringing further expertise to the growing association whose mission is to advance understanding of maritime autonomous
Maersk announces PANZ Service : Change of rotation due to industrial actions at DP World Terminals i
MELBOURNE : Maersk has announced that due to DP World’s industrial action and berth availability delays in Melbourne, it will proceed with PANZ Service port rotation change. The