Maersk Is Forced To Revise Upwards Its Full-year Earnings Guidance
A recent news article published in the Splash 247 by Sam Chambers states that Maersk ups full-year guidance while warning box volumes are dropping.
Revision of full-year earnings guidance
Like 2021, A.P. Møller – Mærsk is...
Top Container Shipping Line Slapped With A Fine Of $822,220
FMC fined Hapag-Lloyd $822,220 in civil penalties for 14 violations – $58,730 for each offence – of the US Shipping Act.
The investigation found that the company had incorrectly applied detention and demurrage...
AI Integration in Autonomous Shipping
Lloyd’s Register’s (LR) Maritime Performance Services (MPS) business published a report on the state of digital transformation through artificial intelligence and machine learning in the maritime industry, reports Safety4Sea.
AI in maritime
‘Artificial Intelligence in Maritime...
April Crude Runs To Hit Two-Year Low
China's crude throughput is set to reach a two-year low in April as state and independent refiners have slashed runs because of the latest COVID-19 resurgence that has hurt the country's appetite for oil...
Wall Street Tumbles, As European Shares Again Retreat
U.S. shares tumbled on Tuesday, with the Nasdaq posting its steepest one-day rout since September 2020, while European stocks extended losses for a third session as investors warily awaited U.S. tech earnings and fretted...
It’s Time To Take Charge of Lithium Battery Moves, Says TT Club
Amid a number of recent fire incidents affecting container transport, ro-ro ships and air cargo movements allegedly involving lithium batteries, international freight transport insurer TT Club is calling for increased vigilance to ensure a...
DNV Publishes White Paper on Naval Decarbonisation
Biofuels are seen as a ‘more realistic option’ for decarbonising naval ships than ammonia, methanol, hydrocarbons or other power sources, according to a new DNV white paper.
Naval decarbonisation
Although navies are not subject to the...
Tanker Overtaking A Tow Leads To Its Grounding
On March 31st, 2022, National Transportation Safety Board (NTSB) published a report regarding a tanker pilot’s decision to overtake a tow in a large bend on the Mississippi River with multiple nearby vessels and...
MPA Revises Green Ship Programme To Support Decarbonisation
The Maritime and Port Authority of Singapore (MPA) has issued Shipping Circular No. 7 of 2022 regarding a revision of the Green Ship Programme (GSP) for Singapore-flagged ships that will take effect from 1...
FDA Approves Remdesivir To Treat Covid Even for 28 Days Old Babies
Young children can now be treated for COVID-19 with an antiviral medication. The Food and Drug Administration approved Remdesivir for kids who contract the virus, reports WFLX.
COVID-19 drug for young children
Doctors can give them...