EBIT surge 600% YoY for major carriers in Q3 2024
COPENHAGEN : The major carriers have reported a combined Q32024 EBIT of $17.06 billion, which is a 600 percent increase year-on-year. The shipping industry witnessed a remarkable turnaround as major carriers recorded a staggering
Worldwide Shipping companies focussing their attention to Kerala’s Vizhinjam Port
THIRUVANANTHAPURAM : The maritime world is abuzz with the recent developments at Vizhinjam Port, where some of the globe’s leading shipping companies are gearing up for operations. This southern Indian port is emerging as
The global shipping industry faces a “shadow of uncertainty”
BOSTON : Worldwide shipping industry faces a “shadow of uncertainty”, particularly with China’s economy teetering on the brink of instability. So says Veson Nautical, which delivers freight management solutions for the global shipping economy.
Global Shipping : Disruptions pop-back ahead of 2024
One of the largest global shipping organizations, Maersk announced pausing all its operations on the Red Sea route, a passage that accounts over 10% of the global shipping trade. Soon after, its counterparts MSC
China-Russia vs US-EU: How global shipping is slowly splitting in two
NEW YORK : Another meeting between a House speaker and Taiwan’s president, another spike in tensions in the Taiwan Strait. Last summer’s meeting between Taiwan President Tsai Ing-wen and Nancy Pelosi prompted Chinese live-fire exercises.
Shipping Giants suspend bookings due to China’s strict port quarantine
Global shipping giants have told customers they are temporarily halting some bookings due to a suspension of service by feeder operators in southern China Analysts say weeks-long suspension of services is likely to have
Greek shipowners account for 11% of global newbuilding orders
Greek fleet has hit an all-time-high in tonnage terms and the country’s shipowners account for 11% of all newbuildings on order. This year the Greek-controlled fleet of vessels over 1,000 gross tonnes reached an
Unblocking the paper-jam
NEW YORK : When Malcolm McLean who developed the modern intermodal shipping container, which revolutionized transport and international trade, laid the foundations for what’s now become the global containerisation phenomenon, his vision was for