Maersk to launch its new ocean network
COPENHAGEN : Today, On February 1, Maersk A/S (Maersk), an entity under A.P. Moller – Maersk, and Hapag-Lloyd AG (Hapag-Lloyd) launch their operational collaboration Gemini Cooperation. The ambition
ONE released financial result for FY2024 3rd Quarter
SINGAPORE :Ocean Network Express (ONE) released the financial result for FY2024 3rd Quarter (from October 2024 to December 2024). The revenue for FY2024 3rd quarter was US$4,846million, up
BIMCO Dry Bulk Market Report: Return to the Red Sea would weaken market
LONDON : We expect a weaker supply/demand balance in 2025 and 2026 than in 2024, even if ships do not fully return to the Red Sea. In this
Hapag-Lloyd publishes preliminary business figures for 2024
HAMBURG : On the basis of preliminary and unaudited figures, Hapag-Lloyd achieved a Group EBITDA of USD 5.0 billion (EUR 4.6 billion) in the 2024 financial year. The
Efen, Wilson Sons, Port of Açu, and Vast to conduct first HVO testing in Brazil’s maritime se
RIO DE JANERIO : This month, Wilson Sons received approval from ANP to conduct the first tests on using HVO (Hydrotreated Vegetable Oil) in the Brazilian maritime sector,
Hapag-Lloyd announces change route for the South East India-Europe Express service rotation
HAMBURG : Hapag-Lloyd has announced a change in the service rotation for its South East India-Europe Express (IEX) Service, effective mid-March 2025. The IEX service will no longer
Ocean Network Express welcomes the ONE Responsibility to West Africa
SINGAPORE : On 23rd of January 2025, Ocean Network Express (ONE) celebrated a historic milestone with the arrival of their first magenta ONE vessel, ONE Responsibility, in West
New study shows that only targeted subsidy for e-fuels coupled with a GHG levy would ensure e-fuel e
LONDON : A new report from UCL Energy Institute Shipping and Oceans Research Group and UMAS reveals significant risk in some of the options the International Maritime Organization
Marlink gains Bureau Veritas cyber security type approval certification for IoT data collection solu
OSLO : Marlink, a leader in managed services for business-critical IT solutions, has received Type Approval Certification (TAC) from Bureau Veritas Marine & Offshore (BV) for its Internet
Baltic Index falls to 23-month low as capesize and supramax rates dip
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended its losses to a nearly two-year low on