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Good operational performance overtaken by significant fall in financial asset values. This has resulted in a USD 284 million net loss for the Wilhelmsen group in the first quarter. The quarter ended with a net loss to owners...
Hapag-Lloyd maintains its 2020 EBITDA guidance of €1.7bn-2.2bn, despite unpredictable fluctuations in demand, reports The LoadStar. First-quarter EBITDA Hapag-Lloyd announced that it was maintaining its 2020 EBITDA guidance of €1.7bn-2.2bn, despite unpredictable fluctuations in demand, due to the coronavirus pandemic. It...
  Ocean Technologies Group creates a forum on the name CEO Leader Series for discussion to overcome this COVID-19 pandemic. Top 5 Maritime names take part and discuss on how to handle the current pandemic. The interview shows contrasting...
Yang Ming recorded a $27m net loss for the first three months of this year It reported $11m loss by its dry bulk business. Yang Ming’s Q1 liftings were down 4% in the same period last year, to...
The Baltic Briefing has released a report about the dry bulk market of the 20th week of shipping activities of this year. The report dated 15th May highlights the plight of the dry bulk market at the on-sight of...
ClassNK grants AiP for the joint project by NYK Line and MTI on the concept design of an autonomous ship framework, reads a press release published on their website. The Approval in Principle (AiP)  Leading Classification Society ClassNK granted an AiP...
  In a  major development, the world’s largest container line, Maersk is bracing for a historic slump in demand after emergency lockdowns across the globe left international trade in tatters, says article published in Transport Topics News. 25% Decline in Container...
According to a LoadStar report, South Korean carrier HMM reported a $55m net loss for the first quarter – a dramatic 63.2% improvement on the $149m it lost in the same period last year. Cost Cutting Efforts Pay? The carrier said...
  The Baltic Briefing has issued the tanker report for the 20th week of this year. The report dated 15th May 2020 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities. VLCC There has been a...
d'Amico International Shipping S.A. announces its memorandum of agreement for the sale of one of its handysize vessels, generating around US$ 8.8 million in cash, reads a press release published on their website. What is in the memorandum of agreement? International...

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