Maersk reports third-best financial year
COPENHAGEN : A.P. Moller – Maersk reports strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65% to USD 6.5
Transits through the Panama Canal down 10% : BIMCO
LONDON : “Between September 2024 and January 2025, ship capacity in deadweight tonnes transiting through the Panama Canal was 10% lower than the 2019-22 average. Although there were
Inmarsat Maritime signs expanded agreement with Maersk to enhance Global fleet Connectivity
LONDON : A.P. Moller – Maersk (Maersk), one of the world’s largest containership operators, and Inmarsat Maritime, a Viasat company, have signed an agreement to upgrade Inmarsat satellite
Baltic index rises for fifth straight session on stronger panamax, supramax rates
LONDON : The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for the fifth straight session on Thursday,
Gemini’s First Trans-Atlantic Service arrives at DP World Southampton
LONDON : DP World Southampton has welcomed its first ship arrival under the Gemini Cooperation agreement announced in November last year. The MV Leonidio docked at the Southampton
ClassNK issues Approval in Principle (AiP) for Coastal Liquefied CO2 Carrier developed by Mitsubishi
TOKYO : ClassNK has issued an Approval in Principle (AiP) for a design concept of a coastal liquefied CO2 carrier jointly developed by Mitsubishi Shipbuilding Co., Ltd. and
WISTA International Board to Convene in India for the First Time with a Focus on Sustainable Shippin
MUMBAI : For the first time in history, the Women’s International Shipping and Trading Association (WISTA) International Board will hold its mid-term meeting in India. This landmark event
Hapag-Lloyd concludes green financing of its 24 new container ships
HAMBURG : Hapag-Lloyd will use green financings for the 24 large container ships it ordered in October 2024. The newbuildings will have a combined capacity of 312,000 TEU
Econowind passes 100th VentoFoil unit sold
ZEEWOLDE (NETHERLANDS) : Econowind has surpassed 100 VentoFoil units sold, marking a major milestone in the shipping industry’s shift towards Wind-Assisted Ship Propulsion. The increasing adoption of the
Accolades for Safety Innovation extended
LONDON : The enthusiasm with which the Award has been received since its inception in 2016 is evidenced by the consistent number of inspiring entries each year. All