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.
Yang Ming Reports Operational Loss for 2023
Yang Ming Reports Operational Loss for 2023Taiwan's second-largest shipping line, Yang Ming, faced a net…
Expansion of Lidl’s Logistics Operations
Expansion of Lidl's Logistics OperationsGerman retail giant Lidl is venturing into the logistics sector,…
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…
Nike Enters Biofuel Agreement with CMA CGM
Nike Enters Biofuel Agreement with CMA CGMRenowned sportswear brand Nike has entered into a partnership with…