Danish shipping company Maersk will from Dec. 1 no longer offer shipments to or from Syria, it said on Tuesday.Maersk said in a statement its operations in Syria are already limited as a result of international sanctions.'This has recently become even more challenging logistically…
German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from a year earlier, and cut its forecasts for full-year earnings.Net profit was down from 13…
Supply chains around the world could be at serious risk amid expected increases in the cost of ocean freight shipping during 2024.Oslo-based Xeneta has carried out in-depth analysis of the latest ocean freight rates and branded the current market as unsustainable…
Cavotec reports it has signed a contract with one of the world’s largest shipping lines to supply shore power equipment for newbuild containerships.The €6.65 million order is for Cavotec’s PowerFit units, which are complete containerized solutions…
Operations and services to Israeli ports are continuing without interruption although service interruptions may occur at short notice, Israeli container line Zim said on Wednesday.While around 90% of its operations are outside Israel, the company…
Maersk has teamed up with its majority owner to form a new company to produce 'green methanol', the shipping company said on Thursday, as it held a naming ceremony for the world's first container vessel powered by the low-carbon fuel.Green methanol…
Global industrial production and containerised freight flows remained in the doldrums at the start of the third quarter, confounding predictions earlier in the year for a strong rebound.Manufacturers and distributors in North America and Europe…
A.P. Moller - Maersk and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers (40,000 TEU) using green biofuel through Maersk’s “ECO Delivery” ocean product offering.Maersk estimates this purchase will contribute to a reduction in 44…
The port of Rotterdam has for the first time refueled a methanol-powered container ship as the shipping industry turns to the technology to cut its emissions, methanol producer OCI Global said on Tuesday.The Maersk-owned ship began its 21,500 km (13…
The Helen Delich Bentley Port of Baltimore today welcomed the largest container ship ever to visit Maryland with the arrival of the Evergreen Ever Max at Seagirt Marine Terminal. The vessel weighs 165,350 tons and has the capacity to handle 15…
Interest in methanol as an alternative fuel has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050.Below is a list of upcoming methanol bunkering-related projects by companies and ports:COMPANIES:A.P. Moller-MaerskMaersk…
Starting in September, the company that manages the Paranaguá Container Terminal (TCP) will receive a new maritime service in partnership with COSCO Shipping Lines/OOCL and Ocean Network Express (ONE). The service is branded respectively as: East Coast South America-Europe 2 (ESE2)…
According to Xeneta’s Shipping Index (XSI), global long-term shipping rates sank to a two-year low in July, falling 9.5% since June, plummetting 57.8% since the same period in 2022. And just as rates hit a fresh low, the bad news for carriers…
French shipping group CMA CGM expects container freight demand to improve from next year but the group's profits will continue to ease this year as a slump in freight rates from record highs and a weak economy weigh on results, it said on Friday…
A port call made by CMA CGM Liberty at the Honmoku D4 terminal in Yokohama on Monday is the first by a liquefied natural gas (LNG)-powered containership in Japan. At 15,000-TEU, the containership also ranks amongst the largest vessels to be calling in Japan…
