Suez Canal Extends Rate Discount Amid Red Sea Crisis
Suez Canal Extends Rate Discount Amid Red Sea Crisis
The Suez Canal Authority (SCA) has extended its discount for…
Maersk Increases 2024 Earnings Forecast to USD 1-3 Billion
Maersk Increases 2024 Earnings Forecast to USD 1-3 Billion
Maersk Group, which operates the world's second largest…
Major congestion in world ports disrupts global shipping
The diversion of vessels around the Cape of Good Hope has created significant disruptions in global shipping,…
Legal action against the UK government over oil and gas licences
Oceana UK attests that the UK Government issued these licences without adequately considering the environmental…
US Federal Maritime Commission (FMC) opens discussion on Gemini Cooperation…
The Gemini Cooperation Agreement involves the coordination of global vessel operations through a 'hub and spoke'…
Samsung Seeks Compensation from HMM for ‘Erroneous’ D&D Charges
Samsung Seeks Compensation from HMM for 'Erroneous' D&D Charges
The U.S. subsidiary of Korea's Samsung group…
DP World and ICTSI Lead Revenue Growth in 2023
DP World and ICTSI Lead Revenue Growth in 2023
Dubai-based DP World solidified its position as the top global…
ZIM Expects No Losses in 2024 Amid War and Rising Profits
Israeli shipping company ZIM Integrated Shipping Services Ltd. has revised its earnings forecast for 2024 reporting…
CMA CGM Reports USD 785 Million Net Profit for Q1 2024
the French carrier CMA CGM announced a net profit of USD 785 million for the first quarter of the year, according…
Mega-Alliances on Asia-Europe Routes Still 10% Below Required Capacity
Mega-Alliances on Asia-Europe Routes Still 10% Below Required Capacity
Despite the addition of 1.14 million TEU…