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…
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CMA CGM revenues drop by half in Q2 2023
According to sources, a significant decline in financial profits during the second quarter of the year, reporting a…
COSCO Shipping issues first electronic bill of lading for Bulk Cargo
COSCO Shipping Bulk Co Ltd, a subsidiary of State-owned China COSCO Shipping Corp, has successfully issued the…
COSCO launches 700 TEU electric container vessel for Yangze voyages
According to sources, COSCO Shipping Development recently revealed the debut of a 700 teu electric container ship…
Ship Recycling Market Faces Mismatch as Prices Diverge
Shipyards are reluctant to match the prices offered for ships. Market condition cannot explain mismatch as prices…
Container shipping lines capacity overview Q1 2023
Top 10 container shipping lines have adjusted their capacity: MSC and ZIM have decreased but Maersk surprisingly,…
Hyundai Merchant Marine (HMM) accelerates privatization
Hyundai Merchant Marine (HMM) pushes privatization with a bid deadline of August 21. SM Lines, owner of the former…
FuelEU Maritime Initiative: Council Adopts New Law to Decarbonize EU’s…
The legislation, part of the EU's ambitious 'Fit for 55' package, aims to drive the maritime sector towards greater…
Arsenio Antonio Dominguez Velasco from Panamá Elected as IMO Secretary-General
Mr. Arsenio Antonio Dominguez Velasco from the Republic of Panamá as its new Secretary-General of the IMO, taking…
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…