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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Wan Hai Lines reports Annual Loss as Operating Costs Surpass Revenues
According to Alphaliner, Wan Hai Lines reports Annual Loss as Operating Costs Surpass Revenues.
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…
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…