According to a Bloomberg article, multiple oil refineries in Europe will be too unprofitable to continue trading once the industry has dealt with sweeping new rules governing shipping fuel that start next year, as suggested by an executive at...
Cabinet Council of the Government of Panama has officially approved the modification of the Panama Canal tolls structure.
The proposed tolls modifications were officially announced on June 14, 2019.
This initiated a formal 30-day consultation period concluded by...
Improved cash return on invested capital at 6.9% and synergies of USD 1bn realized earlier than expected.
In Jan 2019, they formed one company, with one global salesforce, customer service team and delivery organization across Ocean and Logistics...
According to a Reuters report, the Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, stretched its losing streak to an eighth straight session on Monday, hurt by lower rates for Capesize vessels.
How...
According to an article published in the LoadStar, CMA CGM has incurred a net loss of $109m in the second quarter, taking the French transport and logistics group to a first-half loss of $152m.
Ceva Logistics Acquisition Behind This?
The company...
In a major development, Maersk North America has unveiled Maersk Customs Navigator as it looks to broaden its platform and improve user experience, says an article published in Port Technology.
Greater Data Visibility
According to a statement, the new technological improvements...
At least one oil cargo was deferred to October on lack of ship and oil exports may fall in September as shipowners retreat.
Shipowners are avoiding transporting Venezuelan oil for fear of being sanctioned and losing insurance coverage...
The Chennai Port welcomed the largest container vessel MV CMA CGM Rhone to visit India’s south and eastern coast.
The 299.95-m-long vessel has a capacity of 9365 TEUs. The vessel arrived from Singapore with 2434 TEUs imports and...
Maersk successfully completed its ‘OceanPro’ Cohort 1 in March this year.
The solutions are co-developed with these startups are now being applied across industry touchpoints in India and globally.
Maersk is working with 11 startups at present, with...
As the International Maritime Organisation impose regulations on harmful gas emissions from ships, banks as the industry's financiers are evolving alongside, reports Arabian Business.
Global sulphur cap
The shipping industry is undergoing unprecedented change as it adapts to impending limits on...
