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Monday, September 16, 2024
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MSC CEO vows to stand alone as global shipping rivals team up

MSC Mediterranean Shipping Company SA plans to brave volatile shipping markets on its own, ruling out a new alliance just months before its partnership...
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HMM plans to invest KRW $17.4 Billion to sustainable growth

HMM maps out a mid-to-long-term strategy to expand its business portfolio for future growth and drive itself to be a global green shipping and...
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Maersk and Hapag-Lloyd announce two ocean network options with equal industry-leading schedule reliability

In February 2025, Maersk A/S, an entity under A.P. Moller – Maersk, and Hapag-Lloyd AG launch their operational collaboration Gemini Cooperation. The ambition is...
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ZIM announces new operational cooperation with MSC

ZIM Integrated Shipping Services, a global container liner shipping company, announced that it has entered into a new long-term operational cooperation with Mediterranean Shipping...
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ONE, HMM and Yang Ming confirm the alliance partnership

Ocean Network Express and Yang Ming Marine Transportation announced that the three companies will continue to cooperate closely under the new alliance name Premier...
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Brave Maritime orders product tankers at Hyundai Mipo

Brave Maritime has reportedly placed an order at Hyundai Mipo Dockyard for two 52,000 dwt product tankers at the price of USD 52.5 million. According...
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Singapore permits night movement of containers at Pasir Panjang Terminal

Singapore will allow for night movement of line-towed container barges to and from Pasir Panjang Terminal, following a four-month trial, the Maritime and Port...
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Search on for containers lost overboard off South Africa’s Indian Ocean: SAMSA

A search for cargo containers lost overboard off a number of vessels along South Africa’s Indian Ocean corridor over the last month continues, while...
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Inmarsat’s NexusWave trialed by Hapag-Lloyd for enhanced maritime connectivity

Inmarsat Maritime, a Viasat company, has announced that global container liner shipping group Hapag-Lloyd is among the first to trial NexusWave, the fully managed...
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Samskip advances zero-emission shipping, partnering with TECO 2030

Samskip announced its partnership in the groundbreaking HyEkoTank project, an initiative supported by the European Union’s Horizon Europe program. As part of its ongoing...
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Globus Maritime reports financial results for the second quarter

Globus Maritime, a dry bulk shipping company, today reported its unaudited consolidated financial results for the second quarter and six-month period ended June 30,...

Pyxis announces full redemption of series a convertible preferred stock

Pyxis Tankers, an international shipping company, announced key shareholder and chartering updates. On September 6, 2024, the Company’s Board of Directors approved the redemption of...

TEN reports profits for the second quarter and first half 2024

50% increased dividend from amount paid for 2023 operations Dynamic growth and renewal - 21 vessels contracted/acquired within 2024 Minimum contracted revenues of $2.0 billion TST inaugurates...

HMM plans to invest KRW $17.4 Billion to sustainable growth

HMM maps out a mid-to-long-term strategy to expand its business portfolio for future growth and drive itself to be a global green shipping and...

Genco enhances dividend policy

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced the removal of the...

Schuyler Line secures $17.1m US government contract

Schuyler Line Navigation was awarded a $17,155,000 firm-fixed-price, with reimbursable elements, for time charter...

DNV and Brinav signs MOU further broadening their autonomy collaboration

Classification society DNV and Navigation Brilliance (Brinav), signed a memorandum of understanding on autonomous...

Baltic index falls as capesize rates decline

The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk...

​Cruise Lines International Association statement regarding tourism management measures in Greece

The cruise sector is a success story for Greece contributing 1.4 billion euros to...

Maersk Tankers to launch new Chemical Pool

On October 1st, Maersk Tankers will launch our new pool - Maersk Tankers Chemicals. “Supported...

US East Coast Ports Union meets over wage demand, preps for possible strike

The International Longshoremen’s Association union, representing 45,000 workers at major container ports from Texas to Maine, will begin two days of meetings on Wednesday...

Singapore permits night movement of containers at Pasir Panjang Terminal

Singapore will allow for night movement of line-towed container barges to and from Pasir Panjang Terminal, following a four-month trial, the Maritime and Port...

DP World enters retail and fashion logistics

DP World has completed the acquisition of Cargo Services Far East Ltd – a global supply chain provider headquartered in Hong Kong. Cargo Services is...

APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to acquire 80% stake...

Indian Port Workers Call Off Strike, Agree New Wage Deal

Nearly 20,000 workers across major Indian ports, who had threatened to go on an indefinite strike from Wednesday, called off their walkout late on...

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