For the first quarter of 2025 A.P. Moller – Maersk A/S (Maersk) reports revenue growth of 7.8% to $13.3 billion with EBIT increasing to $1.3 billion from $177 million a year ago.The company states that these results, while sequentially down as expected…
Maersk Reports First Quarter Drop in Revenue Growth Read More »
Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump’s punishing tariffs on the world’s top exporting country collapse trade, maritime consultants…
Container Shipping Companies Cut Asia-US Services Read More »
Work to recover the late British tech tycoon Mike Lynch’s sunken superyacht off the coast of northern Sicily has been paused following the death of a diver involved in the operations, the company leading the effort said on Saturday.The 56-metre…
Diver Killed During Salvage of Bayesian Read More »
Israel attacked Hodeidah in Yemen after the Israeli army said it had warned residents of three ports under Houthi control to evacuate, the Houthi interior ministry said on Sunday.The strikes came shortly after Israel warned residents of Ras Isa…
Israel Attacks Yemen’s Hodeidah Port Read More »
A lot of unknowns are yet to be determined over the next few months and years, in order to the shipping industry to gain full clarity around the implementation of the recently agreed IMO Net Zero Framework. In its latest weekly report, shipbroker Gibso…
IMO Net Zero Framework: Clarity is Still Needed to Adress Implementation Challenges Read More »