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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Shipping
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…
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.
Container Charter Market Continues to Thrive as Demand Remains Strong
The container charter market continues to thrive, with Non-Operating Owners (NOOs) reaping the benefits of…
MSC Expansion Boosts Scrubber-Fitted Capacity
MSC Expansion Boosts Scrubber-Fitted Capacity to 36% of Container Shipping Fleet, according to Alphaliner.
Digitalization of Global Shipping: Maritime Single Window (MSW)
Advancing digitalization in the shipping industry, implementation of the mandatory "Maritime Single Window" (MSW)…
MSC Leads the Charge in New Container Ship Deliveries in 2024
According to Alphaliner, MSC Leads the Charge in New Container Ship Deliveries in 2024.
US-Led Operation to Safeguard Red Sea Shipping Faces Political Hurdles
Countries hesitate to support the operation to safeguard shipping in the Red Sea due to Political hurdles, to be…