Suez Canal Revenues Decline 40% Amid Red Sea Conflict
The revenue of the Suez Canal witnessed a significant 40% decline, according to the Suez Canal Authority (SCA)
MSC merges Transatlantic and Ecuador-Europe loops
MSC merges Transatlantic and Ecuador-Europe loops
The Geneva-based carrier MSC has merged its reefer oriented…
Red Sea risks adverse shipping pushes Cape diversions
Navigation safety has not been fully restored, risks in the Red Sea pushes Cape Of Good Hope diversions, according…
Maersk and Hapag-Lloyd start operational cooperation
Shipping lines Maersk and Hapag-Lloyd forge a new partnership for operational cooperation, according to their…
Maersk’s ‘OC1’ service starts ‘land bridge’ to bypass the Panama Canal
Maersk’s ‘OC1’ service starts ‘land bridge’ to bypass the Panama Canal
In response to ongoing restrictions in the…
Evergreen limits revenue decline to 55% in 2023
Evergreen limits revenue decline to 55% in 2023
Evergreen Marine Corp (EMC) was the best performer among Taiwan’s…
Singapore Port Achieves Record Container Throughput in 2023
Port of Singapore has reported a record container throughput of 39.01 Mteu in 2023 according to sources.
Shipping Stocks Decline Amid Safe Passage Rumors
Following safe passage rumors, shipping stocks decline, yet, one outliner in the market.
Container Ship Demolition Sales Surge in 2023
The container ship tonnage demolition sales experienced a significant rebound, remained short of expectations and…
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…