News
‘World’s 1st’ ammonia-powered containership set to debut in 2026, Yara says
November 2, 2023, by Jasmina Ovcina Mandra Yara Eyde, which has been described as the world’s first containership to be powered by pure ammonia as fuel, is sc...
Maersk's woes signal slow-motion industry crash
LONDON, Nov 3 (Reuters Breakingviews) - Shipping giant A.P. Moller-Maersk (MAERSKb.CO), opens new tab is battling choppier seas. On Friday, the $23 billion Danish fi...
Maersk cutting at least 10,000 jobs as shipping boom unravels
COPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), opens new tab, reported a steep drop in third-quarter profit and revenue on Friday and...
Cargo Ship Loses Containers in Northern Canada
Recovery operations are underway after a Canadian cargo ship lost about 20 containers overboard in northeastern Canada on Friday. The cargo loss involved the M/V...
Some shipping lines are still posting 9-figure profits amid downturn
The predicted container shipping wipeout is not here yet. Several container lines are still posting nine-digit quarterly profits, despite a tepid peak season, slumpi...
Shipping braces for impact as Panama Canal slashes capacity
After its driest October on record, the Panama Canal will severely restrict transit capacity to conserve water. Shipping will feel the effects in the months ahead, w...
Port of Los Angeles Reports Increase in September Cargo Volumes
The Port of Los Angeles has announced a rise in cargo volumes for the month of September, following in the footsteps of its neighboring Port of Long Beach. The Po...
Maersk Sued Over 2021 Cargo Loss
Danish shipping line Maersk is facing a $5.8 million lawsuit over the loss of containers from the Maersk Eindhoven in 2021. The lawsuit was filed last by the insu...
Hapag-Lloyd installs tracking devices on 700,000 containers
Hapag-Lloyd has announced the installation of its 700,000th tracking device, describing it as "an important moment on its path to creating the world’s lar...
Ocean Carriers Await Relief as Demand Improves on Key Tradelane
There is welcome news for Asia-North Europe carriers, with signs of improving demand on the troubled tradelane as inventories start to be replenished. Moreover, t...
10 April 2024