A new report from classification society DNV asserts that enhancing fleet efficiency stands as shipping’s most effective defense against the unpredictable nature of fuel costs and regulatory changes.
by Tung Chee-hwa, Former OOCL Head, Dies at 89
Tung Chee-hwa, the respected former head of Orient Overseas Container Line (OOCL), has passed away at the age of 89. His death marks the end of a significant chapter in global maritime commerce, refle
by Mundra Port Policy Sparks Container Management Conflict
India’s Mundra Port faces a growing dispute over the handling of empty shipping containers, raising concerns about potential congestion at the facility. The conflict involves Adani Ports, the port ope
by Shipping Lines Consolidate Terminal Holdings
Ocean carriers are actively acquiring terminal ownership, a strategic move that positions them to potentially dominate the sector. This trend, observed through a series of recent deals, is driven by a
by Update: Hapag-Lloyd hikes full-year profit forecast on sustained ex-Asia demand
Title: Hapag-Lloyd Raises Profit Forecast on Strong Global Demand
Hapag-Lloyd, a prominent global shipping carrier, has significantly increased its full-year profit forecast. This upward revision refl
by HMM Reports Mixed Earnings, Forecasts Q3 Headwinds
Shipping carrier HMM recently reported mixed financial results. Net profit declined for both the second quarter and the first half of the year. This occurred despite an overall increase in revenues. F
by Shipping Industry Seeks UN, IMO Intervention on Hormuz Tolls
The global shipping industry has issued an urgent appeal to the United Nations and the International Maritime Organization (IMO). Their primary objective is to prevent the imposition of tolls for pass
by CMA CGM Reports Strong Q2, Cautions on H2 Demand
Shipping carrier CMA CGM delivered solid financial results for the second quarter. It also saw a significant surge in July cargo volumes. Despite this, the company expresses caution. Tariffs, geopolit
by MPV Capacity Relief Expected to Be Fleeting for Shippers
Shippers may experience a temporary reprieve as Multi-Purpose Vessel (MPV) capacity shows signs of easing. This brief relief, however, is anticipated to be short-lived. Projections for July indicate t
by Global Shipping Giants Elevate Profit Outlooks Amid Robust Demand
German shipping major Hapag-Lloyd has significantly increased its full-year profit guidance, citing strong market demand. This positive adjustment mirrors a similar announcement from its Gemini Cooper