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…
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maritime news
Seychelles Becomes First African Nation to Ratify High Seas Treaty
A majority vote at Seychelles' National Assembly made the it the first African Nation to Ratify High Seas Treaty.
Container Ships Scale Up, Dominating Industry Trends
Container Ships surpassing 5,000 TEU are dominating Industry Trends by closing of 2050, according to BIMCO.
Proposal at IMO Criticized for Undermining Shipping Decarbonization Efforts
The proposal, if implemented, could potentially hinder global efforts to decarbonize the shipping industry.
EU Shipping ETS Costs Surge Amid Red Sea Crisis
Crisis in the Red Sea diverts ships to longer routes escalating EU's Shipping ETS costs according to OceanScore and…
EU Lawmakers Tighten Regulations against Marine Pollution
Shipowners and operators willl be accountable for marine pollution. EU Lawmakers to set regulations to prevent…
Bulk Carrier sunk by Yemen’s Houthies
Yemen's Houthis launched a fatal attack on a Barbados-flagged dry bulk carrier in the Gulf of Aden, resulting in…
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%…
Potential Vessel Overcapacity Looms Amid Red Sea Crisis
Potential Vessel Overcapacity Looms Amid Red Sea Crisis, despite some carriers welcoming new additions to their…