COSCO’s Profits Soar in Q2 Amidst Rigorous Cost Reduction Efforts
According to sources, COSCO's Profits Soar in Q2 Amidst Rigorous Cost Reduction Efforts, contrary to rival shipping…
Panamá Canal: Prolonged Drought Persists Longer Transit Restrictions
The Panama Canal Authority announced the extension of transit restrictions for vessels navigating the iconic…
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…
ZIM Focuses on Minimizing Losses Amid Escalating Deficits
ZIM is taking strategic measures to curtail cash burn and restructure its operations, focuses on minimizing losses…
OOIL Faces Profits Slump but Holds Strong Financial Grounds
Orient Overseas (International) Limited (OOIL), the parent company of OOCL, reported a substantial 80% decline in…
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…