Maersk ups profit target by $2bn on Red Sea shipping woes
COPENHAGEN : Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have
Maersk sees global trade disruptions lasting throughout 2024
COPENHAGEN : The global transport disruptions caused by the conflict in the Red Sea will last longer than expected and won’t be solved this year, according to AP
ClassNK issues world’s first approval in principle (AiP) for LNG carrier installed with Wind-A
TOKYO : ClassNK has issued an Approval in Principle (AiP) for the membrane-type LNG carrier installed with the ‘Wind Challenger’, a hard sail wind propulsion system. The ship
Hapag-Lloyd welcomes 66 new apprentices
HAMBURG : On Thursday, August 1 2024, 66 young men and women are starting their training at Hapag-Lloyd in Hamburg. Some of the apprentices will learn traditional maritime
Sea-Intelligence reports no consolidation impact on ocean carrier competition
COPENHAGEN : In Issue 675 of the Sea-Intelligence Sunday Spotlight, the Danish shipping data analysis firm examined whether the turmoil of the last four years has led to the largest carriers
Ocean container shipping market reaches a tipping point: Xeneta Analysis
OSLO : The ocean container shipping market reached a tipping point in July, with long-term rates on major fronthaul trades showing signs of life just as spiralling short-term
Hapag-Lloyd tops schedule reliability rankings, MSC suffers largest decline
GENEVA : In June, global schedule reliability dropped by 1.2 percentage points, compared with the previous month, to 54.4%, according to the latest Sea-Intelligence Global Liner Performance (GLP)
Unifeeder overtakes CMA CGM as second largest intra-Europe operator
AARHUS : Unifeeder is now the second-largest intra-Europe player, surpassing French ocean carrier CMA CGM through capacity additions, according to Alphaliner’s Report. The DP World subsidiary now operates
Ocean Network Express released Financial Result for FY2024 1st Quarter
SINGAPORE : Ocean Network Express (ONE) released the financial result for FY2024 1st Quarter (from April 2024 to June 2024). The revenue for FY2024 1st quarter was US$4,211million,
Cosco Shipping’s newest RoRo vessel ‘Min Jiang Kou’ makes its first regional call at Jebel Ali
DUBAI : Jebel Ali Port proudly welcomed Cosco Shipping’s newest RoRo vessel, ‘Min Jiang Kou,’ marking her first regional call. This event signals a significant milestone for the