Container Shipping Profit Trends in 2022
Maersk’s first-half EBITDA was $9.1 billion. It now predicts substantially higher earnings in the second half: $12.9 billion-$13.9 billion.
Evergreen’s operating revenues hit all-time highs during the past two months: 45.88 billion New...
Guidelines About Drug Smuggling On Ships
A number of cases of drug smugglers concealing drugs on merchant vessels, leading to difficulties to seafarers.
Illicit drug producers continue to develop complex trafficking patterns, targeting commercial vessels and their crew to...
MOL Adopts Digital Transformation For Car Carrier Allocation Planning
MOL announced the launch of full-scale operation and practical application of their advanced car carrier cargo loading plan generation system.
Car carriers today require much more complicated cargo loading plans than in the...
UK Shipping Urges Zero International Shipping Emissions By 2050
The shipping industry currently contributes around 2.4% of global greenhouse gases each year.
The UK shipping industry has agreed that the international shipping sector must pursue a net-zero carbon emissions target by 2050.
...
Here’s Why the Dry Bulk Shipping Market Just Took A Nosedive
The Baltic Dry Index slumped in early September.
It bounced back quickly, though, and indeed hit a new high on Friday.
Now investors are worried that a collapse of China's Evergrande Group could...
What are America’s New Travel Rules for Fully Vaccinated Travellers?
The US will let fully vaccinated travellers from the UK - and many other countries - visit from November.
A ban on foreign travellers began in March 2020, at the start of the...
K Line Orders Next-gen ‘Eco-friendly’ Carriers To Cut Emissions
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) will be procuring eight 7,000 units class car carriers fueled by LNG (liquefied natural gas) by FY2023 to FY2025, reads an official news release.
This follows their first LNG-fueled...
NYK Agrees To Invest In AIC
NYK has agreed to invest in Australian Integrated Carbon (AIC).
After the completion of approval by the relevant authorities, NYK will jointly invest in AIC with Mitsubishi Corporation through Japan Integrated Carbon (JIC),...
Vessel Detained for Carrying 15,000L of Illegal Oil
The Vietnam Coastguard arrested an unmarked vessel, on Saturday (18 September), in the sea area of Hai Phong-Quang Ninh at around 12:30 pm, reports Manifold Times.
Vessel arrested for illegal oil transport
An initial inspection found...
Captain Charged for Providing False COVID Information
Hong Kong police arrested the captain of a Singapore-flagged bulk carrier, after charging him for providing false information to health authorities.
More specifically, in late August, Hong Kong’s Center for Health Protection reported...