Hapag-Lloyd expects lower profitability in the fourth quarter but still at a “good level”, after freight rates peaked in the third quarter, Rolf Habben Jansen, the CEO of the German shipping company, said at a press conference on Monday.Habben…
Hapag-Lloyd Expects Lower 4Q Profitability Read More »
Egyptian authorities are scrambling to salvage the VSG Glory, a cargo ship that began sinking on Monday near the coral reefs off Quseir in the Red Sea Governorate after being stranded for 10 days, maritime sources told Reuters.The vessel, carrying 21 c…
Cargo Ship Sinking off Egypt’s Red Sea coast Read More »
The St. Lawrence Seaway Management Corporation (SLSMC) has announced an investment of over $350 million in infrastructure upgrades over the next three years.This investment will ensure the Seaway’s continued reliability and efficiency, while creating j…
St. Lawrence Seaway Invests $350 Million in Upgrades Read More »
German liner giant boss believes the market will absorb the swathe of new vessels on order
Container ship newbuilding orderbook ‘not crazy at all’, says Hapag-Lloyd chief Read More »
Downbeat on the sector heading into 2025, freight analytics company says added tonne-miles might be needed
Red Sea disruption delivers floor for beleaguered tanker market, says Kpler Read More »