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Hapag-Lloyd to launch China Germany Express (CGX) service

Available from 1 April 2022, Hapag-Lloyd will offer the new China Germany Express (CGX) service as a two-port loop product. The new service will...
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Maersk: Generational change of the Board of Directors

Robert Mærsk Uggla has been nominated as the new chair of the board at A.P. Moller – Maersk, succeeding Jim Hagemann Snabe. A company...
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Euroseas posts best-ever net income in 4Q2021

Euroseas, an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced its results for the three-month period...
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Hapag Lloyd sees freight pressure easing from Q2

Hapag Lloyd expects delivery bottlenecks and high prices for container freight to start easing in the second quarter, its chief executive said. Assuming the current...
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ZIM: New Chartering Agreement with Navios for 13 Vessels

ZIM announced a new charter agreement with Navios Maritime Partners L.P., according to which ZIM will charter a total of thirteen container vessels comprising...
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Maersk expects supply chain chaos to continue in 2022

Shipping group Maersk says it expects 2022 earnings will reach the same level as last year, as the chaos that has weighed on global...
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Maersk Ship Freed After Running Aground Near German Port

A giant container vessel owned by A.P. Moller-Maersk A/S has been freed after running aground outside a German port, removing worries about a possible...
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Global container flows struggle to pick up speed

Efforts to speed up the movement of goods around the world have yet to solve the supply chain bottlenecks caused by surging demand for...
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Euroseas Signs Contract for the Construction of Two Fuel Efficient 2,800 teu Feeder Containerships

Euroseas announced  that it has signed a contract for the construction of two additional Eco design fuel efficient containerships.  The vessels will have a carrying...
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Hapag-Lloyd achieves strong operating result in 2021

On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2021 financial year increased to more than...
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Genco slams George Economou in letter to shareholders

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, announced that it has filed...

IMF Sees Slow and Steady Growth of Global Economy

The global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing...

Euronav And Anglo-Eastern Join Forces

Euronav NV and Anglo-Eastern Univan Group announced a Heads of Agreement for the sale and purchase of Euronav Ship Management Hellas (“ESMH”), Euronav’s ship...

TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC

TOP Ships Inc. an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced that it will transfer the listing of its...

C3IS INC. Announces Reverse Stock Split

C3IS INC. announced that its board of directors has determined to effect a one-for-one hundred (1-for-100) reverse stock split of the Company’s common stock,...

Crew of ship seized by Iran are safe, operator MSC says

The 25 crew members of the MSC Aries, which was seized by Iran on...

Baltic index gains as rates firm for all vessels

The Baltic Exchange’s main dry bulk sea freight index rose on Wednesday, aided by...

Panama Canal Announces New Measures Regarding Number of Transits and Maximum Draft

The Panama Canal Authority has unveiled a series of measures aimed at optimizing transit...

Baltic Index Hits Near 3-Week High On Firm Demand Across Segments

The Baltic Exchange’s main dry bulk sea freight index climbed to its highest level...

Maersk Makes no Deployment Changes After Vessel Seized in Strait of Hormuz

Shipping company Maersk has not made any deployment changes after a Portuguese-flagged container ship...

Port of Antwerp-Bruges Reports Resilient Performance in Q1

The total cargo throughput of Port of Antwerp-Bruges amounted to 70.4 million tonnes in the first quarter of this year, a rise of 2.4%...

Port of València export freights grow by 2.13% in March

Export freights from the Port of València stabilised in March and experienced a slight increase of +2.13%. This is reflected in the València Containerised...

Piraeus: Perama Ship Repair Zone Undergoes Upgrade

On Friday, April 5th, two cutting-edge double level luffing jib shipbuilding cranes arrived at the Port of Piraeus. They are soon to be unloaded...

DP World & Rumo To Build New Grain And Fertilizer Terminal At Brazil’s Santos

DP World has joined forces with Brazilian railway operator Rumo to build a new terminal at the Port of Santos, to handle 12.5 million...

HMM, SIPG to cooperate on eco-friendly fuel

South Korea’s major ocean carrier HMM Co. announced on Wednesday that it signed a Shanghai Port Clean Marine Fuel memorandum of understanding (MOU) with...

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