2020 has been another year of solid progress for A.P. Moller - Maersk, both in terms of financial performance and in transforming the company.
Despite low volumes during most of 2020, profitability grew throughout the first nine months...
Apple has increased the usage of cargo ships & and private jets to minimize shipping delays amid pandemics, reports MacRumors.
Unorthodox and costly steps
According to reports, Apple has taken “unorthodox and costly steps” to avoid product shipping delays amid the...
A record fourth quarter helped A.P. Møller – Mærsk double its 2020 profits with a significant chunk of the cash earned earmarked for acquisitions, says an article published in Splash247.
EBITDA
In the fourth quarter last year, EBITDA rose 85% to...
HMM swung to net profit last year on increased shipping price.
HMM, Korea’s largest and the world’s eighth-largest shipper, reported 6.41 trillion won ($5.76 billion) in revenue in 2020, up 16 percent on year.
It reported 124 billion...
The ageing global container fleet will likely see a raft of newbuild orders placed this year and next, despite future propulsion concerns, a new report from Braemar ACM suggests.
The broker is anticipating a pick up in new...
Global Ship Lease announced that it has agreed to purchase and charter back seven 6,000 TEU Post-Panamax containerships with an average age of approximately 20 years for an aggregate purchase price of $116 million, reports Global News Wire.
EBITDA revenue...
Nanjing Tanker announced its plan to order four 50,000 dwt MR tankers at Guangzhou Shipyard International (GSI), says an article published in Splash 247.
Amount invested
The company has allocated around $140m for the construction of the vessels. According to Nanjing...
Built in 1959, the NS Savannah was the world's first nuclear-powered commercial vessel and served as a signature element of President Eisenhower's Atoms for Peace program, reports Federal Register.Retirement of The Savannah
While in service, the Savannah demonstrated the peaceful use of atomic power...
Maersk has appointed Vikash Agarwal as its new managing director, Maersk South Asia and he will join the organisation on March 1, 2021, says an article published ITLN.About Vikash Agarwal
“Vikash Agarwal is a highly accomplished business leader and has...
Pangaea Logistics Solutions Ltd. announced it has purchased a vessel to add to its operating fleet, says a press release published in PRNewsWire.
About the vessel purchase
The ship was purchased in the second-hand market for USD 16.45 million. The Company...
