A joint project, dubbed CC-Ocean (Carbon capture on the ocean), between major shipping players has seen the development and installation of the world’s first carbon dioxide (CO2) capture plant onboard a vessel. The plant
In the shipping industry, the fuel used by ships is called “bunker”. This comes from the days when ships sailed using coal as fuel, and the term “bunker” was used to refer to the
COPENHAGEN : In the second quarter of 2021, A.P. Moller – Maersk continued to deliver strong growth and profitability, with record-breaking performance marking the 12th quarter of successive year-on-year earnings progress. Revenue grew 58
GENEVA : Mediterranean Shipping Company (MSC) has announced it is “shocked” to learn of the accusations made and the complaint filed by MCS Industries with the Federal Maritime Commission. MSC said it received “no formal complaint by
The U.S. Federal Maritime Commission has sent inquiries to eight major global ocean carriers to provide details about congestion and related surcharges they have implemented or announced. The move comes as a response to
Within the framework of the opening of its office in Dakar, Hapag-Lloyd granted an exclusive interview to Africa Logistics magazine through Mr. Dheeraj Bhatia. Below is the full interview. Mr. Dheeraj Bhatia is the
SINGAPORE : Huge profit gains in ocean shipping have become commonplace this year. But Ocean Network Express’ year-over-year profit increase — 1,432% — is still attention-grabbing. For its fiscal 2021 first quarter, ONE recorded
MERSEILLES : CMA CGM has announced new surcharges from European ports to several American destinations that will be effective from 1 September. In particular, the French carrier will impose a Peak Season Surcharge (PSS)
TOKYO : For the 19th straight year, NYK has been selected as a component of the FTSE4Good Index Series,* benchmark indexes designed to measure the performance of companies demonstrating strong ESG (Environmental, Social, and
COPENHAGEN : A.P Moller Maersk has reported unaudited revenue of US$14.2 billion, earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$5.1 billion and earning before interest and taxes (EBIT) of US$4.1 billion for