Maersk’s woes signal slow-motion industry crash
COPENHAGEN : Shipping giant A.P. Moller-Maersk is battling choppier seas. the $23 billion Danish firm revealed a 94% profit plunge in the third quarter. Boss Vincent Clerc is not
Freight rate slide on trades out of India continues amid persistent demand pressure
MUMBAI : Container freight rates across trades out of India have seen no noticeable recovery signs for carriers in October, according to the latest market analysis by a
BIMCO: Containerships hit their highest average age to date
COPENHAGEN : Containerships have now reached their highest average age to date, standing at 14.2 years. This places them as the oldest vessels among the three major shipping
Container freight rates to hit 2016 levels
HONG KONG : Overcapacity and stalling demand are driving container shipping rates to new lows, according to the latest Market Pulse report from consultant Linerlytica. Asia to Europe
Box lines revise services in Europe
LONDON : Aiming to optimise and improve their network, several container lines have announced changes in their European services. First of all, CMA CGM has decided to revise
Container shipping market back in 2019
DAMMAM : Alan Murphy, CEO and founder of Copenhagen supply chain analyst Sea Intelligence,has warned of widespread service cancellations on major trade lanes across the Pacific Ocean and
India’s Cabotage Law Reform: A Game-Changer for Container Logistics
HAMBURG : In a groundbreaking and expansive move, India’s decision to relax its Cabotage Law has created significant waves in the nation’s container logistics industry, promising to usher
Trouble ahead: Container shipping rates sinking further into the red
It’s not looking good for container shipping lines. Peak season is running out of whatever limited steam it previously had. Spot rates are sliding into loss-making territory. Rates
ABB to power Samskip’s revolutionary hydrogen-fueled container vessels
ZURICH : ABB, a Swedish-Swiss Multinational Corporation, is set to deliver a comprehensive power distribution system for Samskip Group‘s groundbreaking hydrogen-fueled container ships. These vessels, constructed by Cochin
Maritime industry explores Nuclear Power for ships, faces challenges
GENOA : According to Industry officials, the maritime sector is currently exploring the feasibility of employing nuclear fuel to power commercial ships, driven by technological advancements that are