November 15, 2023
May 30, 2026
November 15, 2023
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 is the best segment to own?
November 14, 2023
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 cargoes, leading to a market increase
November 13, 2023
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 reviewed ME7 Service and will be
November 13, 2023
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 up as a destocking trend in
November 13, 2023
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 Shipbuilding Group. Ordered from Nihon Shipyard,
November 11, 2023
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’ attempts to recover market share. Container
November 10, 2023
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 of the world’s fifth-biggest carrier said.
November 10, 2023
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 a year earlier, and cut its
November 9, 2023