GENEVA : Mediterranean Shipping Company (MSC) is leading the way both in ship demolitions and ship purchases. Cash buyers said that MSC has scrapped 15 vessels so far this year, with the last two
HAMBURG : Hapag-Lloyd and the Brazilian shipping and waterway logistics company Norsul have set up a new joint venture called “Norcoast”. Based on a 50-50 partnership, Norcoast envisages to start offering container cabotage and
TOKYO : ClassNK has issued an Approval in Principle (AiP) for a parcel layout concept for a hydrogen-fueled multi-purpose vessel developed by Mitsui O.S.K. Lines, Ltd. (MOL), MOL Drybulk Ltd. (MOL Drybulk), Onomichi Dockyard
THIRUVANANTHAPURAM : Adani Ports will invest ₹20,000 crore in Kerala’s Vizhinjam Transhipment Terminal by 2030, MD and CEO Mr. Karan Adani said on a day the upcoming transhipment terminal officially received its first ship. The
GENEVA : A massive revenue surge amounting to sky-high profits aligned with a tonnage tax that effectively saw negligible taxes levied on shipping lines has pushed MSC’s Founder and owner Gianluigi Aponte into the
TOKYO : After the announcement of Danish shipping giant Maersk about its cooperation with Elon Musk’s Starlink, Japanese transport company Mitsui O.S.K. Lines (MOL) decided to install Starlink satellite communication service on 233 ocean-going vessels
GENEVA : MSC is pleased to announce a new direct port call at Pisco Port (PEPIO), in Peru on its NWC-US-SAWC Service, located in the Ica area, the grape capital of the country. The
MADRID/COPENHAGEN : Inditex, parent company of fashion brands such as Zara and Massimo Dutti, has partnered with the freight group Maersk to reduce its global greenhouse gas (GHG) footprint from seaborne logistics by incorporating
BERLIN : The head of German shipping firm Hapag Lloyd, Mr. Rolf Habben Jansen, expects the next three years to be difficult because demand for shipping services is growing more slowly than available shipping
COPENHAGEN : Maersk’s world’s first large 16,200 Teu-containership powered by methanol has been floated out of its building dock at Hyundai Heavy Industries. The ship is the second of 25 dual fuel ships that