Asian container lines report massive surges in H1 profits
Hong Kong-listed Orient Overseas (International) Ltd (OOIL), which owns OOCL, reported a massive surge in first half net profit to $2.81bn compared to $155m in the same period
Container Shipping Earnings Now Rival Apple. It’s Not a Good Look
AP Moller-Maersk A/S, the world’s biggest container shipping line, was expected to make around $4.5 billion in operating profit in 2021, according to estimates at the start of the year
MPT offers discounts to attract new container feeder vessels
PANAJI : In a bid to ensure continuity of the container feeder vessel, Mormugao Port Trust (MPT) has decided to grant substantial discounts to any shipping firm that starts new
Exporters seek govt help amid global container crisis
NEW DELHI : Exporters have called on the government to ask Indian shipping lines to lease containers for them as a worldwide supply chain imbalance has led to
Acceleration in port capacity investment insufficient to support cargo demand growth
LONDON : Surging container shipping cargo demand in the wake of the pandemic has resulted in a significant improvement in the global terminal capacity outlook, but this may
DCT Gdańsk to boost container capacity by 1.5 million TEU
The tender committee of the Port of Gdańsk Authority has announced that the lease for a new port area has been awarded to DCT Gdańsk S.A. On 18
DP World and Russia to Pilot Container Shipping Via the Arctic Route
DUBAI : Russia continues to develop shipping through the Arctic promoting it as a faster route that is an alternative to the Suez Canal. In the latest development,
Container shipping faces the brunt of new European emissions rules
Maritime is having to contend with the splintering of environmental regulations following last week’s proposal by the European Commission of a cap and trade system for shipping emissions.
India-SL synergies vital to control future volume growth in huge container ships
Synergies between India and Sri Lanka are vital to handle a future growth in Ultra Large Container Ships in the Indian subcontinent, Sri Lanka Ports Authority chairman Capt.
Maersk said to be eyeing up to a dozen 15,000TEU ships
COPENHAGEN : Maersk Line is said to be discussing orders for up to a dozen 15,000TEU methanol-fuelled container ships at Hyundai Heavy Industries (HHI), according to reports from