Shipping group CMA CGM benefited in the first quarter from a rebound in demand for consumer goods and higher freight rates linked to Red Sea disruption, but expects an influx of new ships to weigh on the market later in the year, it said on Friday.Fran…
CMA CGM Sees Overcapacity Looming Read More »
But liner giant hails ‘robust’ profitability as freight rates rebound on Red Sea crisis
CMA CGM earnings drop 30% as shipping weathers gradual normalisation Read More »
All ships heading to Israeli ports will be targeted by Yemen’s Iran-backed Houthis and not just in the Red Sea region, the group’s leaded Abdulmalik al-Houthi said in a televised speech on Thursday.The group has threatened to extend their attacks…
Houthis Will Target All Ships Heading to Israel, Group Says Read More »
Dry bulk executive talks about family, friends and even a frenemy at Port of New York & New Jersey ceremony
From sailing school to shipping hall of fame, the life of Genco’s John Wobensmith Read More »
Britain announced sanctions on Friday against three companies and one individual over what it called the “illicit ‘arms-for-oil’ trade” between Russia and North Korea.The announcement followed a decision by the United States to impose sanctions…
UK Imposes Sanctions Over Russia-North Korea ‘Arms-for-oil’ Trade Read More »