Q2 financial reporting season is in full swing among container lines.
Q2 figures published by listed container lines reveal a very different story.
AP Moller – Maersk, reported an EBITDA increase of 25% to $1.7bn in Q2.
It...
Sales at fuel stations, and pipeline flow all suggest that the slump in oil demand is recovering.
Oil traders believe it will take more than a year for the market to recover.
It may take much longer before...
According to The LoadStar article, Shippers of lithium batteries will face a new hurdle from 1 January, thanks to new transport regulations.
Dangerous goods regulations framework
Test summaryThe United Nations’ Committee of Experts, which creates the framework for dangerous goods regulations, ...
Ocean research non-profit ProMare and IBM (NYSE:IBM) have announced the completion and launch of the Mayflower Autonomous Ship (MAS) – an AI and solar powered marine research vessel which will traverse oceans gathering vital environmental data, says an article...
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...
In a major development, Wallem has updated their corporate identity to mark the beginning of a profound shift in their service offering that will harness the latest technology to improve asset management transparency and efficiency in a program intended...
According to an article published in Freight Investor Services, the freight market rebounded on higher iron ore prices and recovered from Singapore's long holidays and devastating typhoon off China’s coast.
Baltic Dry Index IncreasesBy Wednesday, the Baltic Dry Index...
ABB adds dynamic positioning 2 (DP2) functionality to ABB Ability™ Marine Pilot Control, to enhance vessel command execution and safer maneuvering.
DP2, a model predictive control, causes a redundancy in technical design maintaining the vessel position in times...
Swedish company Waves4Power has formed a strategic alliance with U.S.-based clean charging technology developer EnergyTwo to harness solar, wave power and energy storage to meet the increased demand for electrification and on-site charging for clean electric machines, says a...
Crowley Maritime Corporation, in their press release, announced the appointment of Massimo Messina as vice president, mergers and acquisitions (M&A).
Messina to lead Crowley’s corporate expansion goals
Based in Jacksonville, Fla., Messina will lead Crowley’s corporate expansion goals by identifying and...
