Panamá Canal: Prolonged Drought Persists Longer Transit Restrictions
The Panama Canal Authority announced the extension of transit restrictions for vessels navigating the iconic…
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Shipping
COSCO’s Rise and ZIM’s Fall: Container Carrier Margin Rankings in Q2…
According to sources COSCO's Rise and ZIM's Fall: Container Carrier Margin Rankings in Q2 2023, overall shipping…
Hapag-Lloyd’s Foreign Bid for HMM Faces Backlash from South Korean Industry…
the Federation of Korea Maritime Industries (FKMI) and the Busan Port Development Association (BPDA) have raised…
ONE surges Ahead of Evergreen to Claim Sixth Spot in Global Container Shipping…
Ocean Network Express (ONE), headquartered in Singapore, has triumphed over Taiwan's Evergreen to secure the…
China Surpasses Greece to Become World’s Largest Maritime Fleet Owner
China surpasses Greece in total maritime gross tonnage, nonetheless, the latter still remains the top DWT maritime…
Maersk has violated merger regulation and faces fines
The merger required approval from the Danish competition authority, Maersk violated regulation and might face…
HMM: Operating profits decline before privatization, five potential buyers
Lowest profits since the pandemic hit in 2020 impact HMM amidst privatization to five potential buyers, report…
Hapag-Lloyd profits dip amidst challenging shipping industry
A 78% profit decline comparing Q2 year to year basis. challenging winds in the shipping industry for carriers,…
Blank sailings now a common practice in the shipping business
Major carriers are now treating these blank sailings as a common of the normal shipping business, particularly in…
COSCO Shipping receives methanol-ready multi-purpose ship
COSCO Shipping announces the latest addition – the second 68,000-ton ice-class methanol, multi-purpose pulp ship,…