ZIM Faces Losses in 2023, Eyes Profit in 2024
Israeli carrier ZIM disclosed a substantial net loss of USD 2.7 billion for the fiscal year 2023, primarily…
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Container
Container Shipping Industry Faces First Negative Operating Margins Since 2018
Top carriers average operating margins plunging into negative territory for the first time since 2018, according to…
Hapag-Lloyd Faces Challenges Amidst Decline in Ocean Container Market
Hapag-Lloyd, one of the largest shipping lines, revealed the extent of challenges in the ocean container market…
Container Ships Scale Up, Dominating Industry Trends
Container Ships surpassing 5,000 TEU are dominating Industry Trends by closing of 2050, according to BIMCO.
MSC represents 50% of the Asia-Europe Trade growth
Trade-route taking a hit by the tone-mile, MSC sets 50% of the Asia-Europe trade growth, according to Alphaliner.
HMM’s Annual Profit Dips 90% but Remains in Profit Territory
Hyundai Merchant Marine (HMM), South Korea's leading container carrier, saw its net profit for 2023 plummet by 90%…
Container Charter Market Continues to Thrive as Demand Remains Strong
The container charter market continues to thrive, with Non-Operating Owners (NOOs) reaping the benefits of…
HMM Privatization Deal Collapses as Harim Group Withdraws
South Korea's Harim Group has pulled out of a deal to acquire a majority stake in the country's largest container…
HMM Sale Faces Uncertainty as Deal Terms Stumble
Negotiations between the government and the preferred bidder, Harim Group, hit an impasse over terms and…
Second-Hand Container Ship Sales Decline
Industry Faces Challenges Amidst Newbuilding Tonnage and Carbon Intensity Regulation, second-hand container ship…