Shipping News
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Logistic : ATLAS Handles Smooth Delivery of Boat in Kuwait
ATLAS (Alghanim Freight) have continued to handle critical worldwide shipments during the COVID-19 lockdown by utilising the strength of its strong team in Kuwait. They have recently handled an Umami Chase boat from the water at Savona Port to Kuwait. The boat had a length of 11.9m (39ft), beam of 3.05m, draft of 1.58m and…
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Shipping Lines : A.P. Moller – Maersk updates expectations to volumes and EBITDA for Q2 2020
Based on the market development, combined with cost measures across the organisation and significant blanked sailings in Ocean, A.P. Møller – Mærsk A/S (APMM) expects an EBITDA before restructuring and integration costs for Q2 2020 slightly above the level for Q1 2020 (USD 1.5bn). With the current trading, the market…
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Bud Darr : MSC fully supports the IMO’s policy goals to decarbonise shipping
Shipping can be accurately described as the greenest form of cargo mass transportation. Nonetheless, MSC is acutely aware that international shipping has an impact on our climate. Around 90% of goods are transported by sea, 70% of these in containers (UNCTAD). Our industry’s growing focus on environmental issues and decarbonisation, combined…
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Shipping Lines : Maersk fleet to improve ocean and climate science
Maersk vessels will be assisting global research efforts on weather patterns and climate change by committing 300 company-owned vessels to participate in the global Voluntary Observing Ship (VOS) program. While Maersk already has many vessels contributing to the VOS, the newly expanded commitment will see its entire fleet participating…
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ٍShipping Lines : TTI sets North American record for highest container voluime
Total Terminals International (TTI) set a new record for the highest volume of container movements at Pier T in Long Beach on June 8. The arrival of the container ship MSC Sveva helped TTI achieve its highest volume ever on one vessel, with 17,080 containers handled – the equivalent of…
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Shipping Lines : Allotted state loan of nearly US$270 million for Yang Ming
Yang Ming Marine Transport Corporation will receive TW$8 billion (US$269.41 million) from the Taiwanese government’s recently announced financial assistance for the shipping industry. Through the Ministry of Transportation and Communications and the National Development Fund, the Taiwanese government has a 45% stake in Yang Ming. Yang Ming’s chief financial officer Ho…
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Shipping Lines : CMA CGM and Hapag-Lloyd reveal fresh rates
CMA CGM and Hapag-Lloyd have announced new rates from June and July out Asia to the Middle East, Indian Subcontinent and Europe French carrier CMA CGM and German operator Hapag-Lloyd have announced new freight rates for June and July in several regions around the world. Effective from 15 June, the…
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Shipping Lines : CMA CGM is ensuring a business continuity despite Covid 19.
The current COVID-19 Outbreak is affecting the whole supply chain worldwide, raising potential major challenges. The CMA CGM Group’s priority is to ensure the health and safety of our staff members and partners, while ensuring a smooth business continuity despite the current extraordinary disruptions. We remain determined to ensure the…
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Shipping Lines : First Quarter 2020 Results for CMA CGM
The Board of Directors of the CMA CGM Group, a world leader in shipping and logistics, met under the chairmanship of Rodolphe Saadé, Chairman and Chief Executive Officer, to review the financial statements for the first quarter of 2020. Upon the release of 2020 first quarter results, Rodolphe Saadé, Chairman…
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Shipping Lines : Jeff Bezos supports UK freight forwarding start-up
London-based Beacon, a freight forwarding and supply chain finance company, has raised over US$15 million in its Series A fundraising round, with investors including Jeff Bezos, the founder and CEO of Amazon, and leading US venture capital firm 8VC. The company offers a full range of services, including global ocean,…
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