Rising costs eat into Kim Heng’s profits during first half of financial year
Company forgoes dividend payout to shareholders as net profit falls by 53%
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August 2023
DB Schenker Decarbonising Logistics Chain with Biofuels
Hapag-Lloyd has entered into a partnership with logistics provider DB Schenker to decarbonise supply chains through the use of biofuels.The two companies have signed an agreement for emission-reduced container transports with a waste- and residue-based…
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ZeroNorth Provides Voyage Optimisation Solution to Bulker Owners
Cargill has signed a three-year contract that will see ZeroNorth become Cargill’s primary software provider for optimisation of over 600 vessels. Cargill commenced its strategic partnership with ZeroNorth in 2020. The partnership has expanded over time…
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Axpo Orders LNG Bunkering Vessel Capable of Ship-To-Truck Operations
Italian energy company Axpo has signed a 10-year deal to charter an LNG bunkering vessel which is expected to begin operations in 2025.The agreement has been signed with Italy’s Gas and Heat SpA and the San Giorgio del Porto shipyard. The vessel…
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OOCL Adds Another Ultra-Large Container Ship to Fleet
OOCL’s 24,188 TEU ultra-large container ship OOCL Felixstowe has been officially named at COSCO Dalian Kawasaki shipyard.The Oriental Felixstowe is the fourth of 12 ultra-large container ships which are among the world’s largest. They are being built b…
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