Hapag-Lloyd profits dip amidst challenging shipping industry
A 78% profit decline comparing Q2 year to year basis. challenging winds in the shipping industry for carriers,…
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containers
Blank sailings now a common practice in the shipping business
Major carriers are now treating these blank sailings as a common of the normal shipping business, particularly in…
Ocean Network Express (ONE) profits drop 90% in Q2 of 2023
A significant setback in profits during the second quarter of this year. ONE's net income plummeted by a staggering…
Hapag-Lloyd gets final approval to acquire SAAM
Chile has unconditionally given the green light to the sale of the SAAM port terminal and logistics operator to…
Jinjang Shipping aims to raise USD 418 million through an IPO
The funds raised from the IPO will be utilized to purchase containerships, containers, and support smart vessel…
Mipo delivers the world’s first methanol-powered container ship
Hyundai Mipo Dockyard (HMD), achieved a significant milestone on July 10th with the delivery of the world's first…
Shipping companies to develop book and claim chain of custody system for…
book and claim chain of custody system for decarbonization to be developed and implemented by 9 leading shipping…
CMA CGM reports profit drop of USD 5 BN
CMA CGM profits fall by USD 5 billion The French line CMA CGM reported a group net profit of USD 2.01 billion for…
MSC, CMA CGM and Russia in a streak of acquisition of small and medium tonnage…
Non-Operating Owner (NOO) fleets supplied the acquisition of small and medium-sized ships mainly from MSC, CMA CGM…
MSC switches Boston back to ‘Ecuador to NWC’ service
The 2,564 teu MSC SAMIRA III currently offers the last voyage for the independent MSC North Europe - North America…