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China’s economic rebound weaker than expected, warns Maersk
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MSC and GCMD partner on decarbonisation in shipping sector
Mediterranean Shipping Company (MSC) has entered a five-year Impact Partnership agreement with the Global Centre for Maritime Decarbonisation (GCMD) to support decarbonisation in the shipping sector. In the role of an Impact Partner, MSC will make cash contributions...
Smaller shipping companies see their growth affected by the collapse of world demand
According to Alphaliner's top-30 shipping lines, there have been a large number of changes in positions 11 to 30 over the last twelve months. Specifically, the capacity changes of smaller shipping companies ranged from -34.6% for China United Lines (CULines) to +55.3%...
CMA CGM books another dozen 13,000 teu methanol-powered ships
French carrier CMA CGM has ordered a dozen 13,000 teu methanol-fuelled containerships at Hyundai Samho Heavy Industries. Hyundai Samho’s holding company, Korea Shipbuilding & Offshore Engineering, said in a Korea Exchange filing yesterday that a “European...
A. P. Moller – Maersk reports strong results for 2022
In 2022, Ocean delivered the strongest result on record due to the high freight rates and strong demand, particularly in the first half of the year. Ocean revenue was up 33%. Throughout the year, Ocean continued to deliver on the strategic transformation, maintaining...
Containership Suffers Engine Room Fire at the Panama Canal
The Panama Canal Authority is reporting that a fire broke out in the engine room of a containership near the Pacific entrance of the Panama Canal on Monday. The fire was reported on the Maltese-flagged Cape Kortia as it navigated towards the PSA Panama International...
Sealand, Hamburg Sud names to disappear in broad Maersk rebranding
Danish shipping giant Maersk intends to alter the name of German carrier Hamburg Süd and several other prominent subsidiaries which for years have operated under their own brands. Friday afternoon, Maersk has informed customers of the plan to terminate the Hamburg Süd...
More than 50 sailings from Asia to Europe blanked in first seven weeks
The three vessel-sharing alliances have cancelled a colossal 53 Asia-Europe westbound sailings in the first seven weeks of this year. According to an Alphaliner analysis, this represents 27% of their original scheduled capacity. And carriers could decide to blank more...
Maersk shakes up executive leadership team
Maersk said the organisational structure is shaped around 15 areas of responsibility, while the executive leadership team has been formed to strengthen alignment across the company in preparation for its next strategic business phase. In addition to Clerc, the...