Maersk withdraws bid for DB Schenker
Danish shipping giant Maersk will no longer pursue the acquisition of German logistics giant DB Schenker, according…
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MSC Hits 20% Market Share, Nears 6 Mteu Fleet Size
According to sources, MSC reached a milestone reaching 20% Market Share, and capacity at 6 Mteu Fleet Size.
Major congestion in world ports disrupts global shipping
The diversion of vessels around the Cape of Good Hope has created significant disruptions in global shipping,…
Legal action against the UK government over oil and gas licences
Oceana UK attests that the UK Government issued these licences without adequately considering the environmental…
US Federal Maritime Commission (FMC) opens discussion on Gemini Cooperation…
The Gemini Cooperation Agreement involves the coordination of global vessel operations through a 'hub and spoke'…
ZIM Expects No Losses in 2024 Amid War and Rising Profits
Israeli shipping company ZIM Integrated Shipping Services Ltd. has revised its earnings forecast for 2024 reporting…
CMA CGM Reports USD 785 Million Net Profit for Q1 2024
the French carrier CMA CGM announced a net profit of USD 785 million for the first quarter of the year, according…
UK Parliament Passes Landmark Bill to Ban Live Animal Exports
A significant milestone in animal welfare maritime legislation, UK Parliament Passes Landmark Bill to Ban Live…
4 Asian Shipping lines report operating and return on profit
The Non-COVID era bounces 4 Asian Shipping Lines to positive operating profit and return on profit.
Container mega alliances with 10% blank sailings in Asia-Europe trade
Average vessel size at 14,150 teu, thus, 509,400 slots are needed, accounting for 9.6% of the total capacity…