News
Maersk Names Third Large Methanol Dual-Fuel Boxship in Denmark
Maersk celebrated the naming of the third vessel in its fleet of 18 large dual-fuel methanol containerships as the company continues the rollout of the revolutionary ships while also looking to the future. The naming of the fourth ship comes in just a matter of weeks...
Maersk Raises 2024 Outlook for Third Time Citing Demand and Uncertainty
After starting 2024 on a cautionary note, A.P. Moller – Maersk raised its 2024 forecast for the third time this year citing the positive effect on freight rates from the disruptions in the Red Sea and elsewhere. Long seen as a bellwether as the largest public company...
Panama Canal Continues Progress Toward Normal Operations
After experiencing one of the worst droughts in its history, Panama highlights it is continuing to move in the right direction restoring capacity at the Panama Canal. The Panama Canal Authority reports it will add back further slots for daily transits in the coming...
Maersk Line Ltd Agrees to Change Safety Reporting After Whistleblower Case
After seeking to challenge a finding by the U.S. Labor Department’s Occupational Safety and Health Administration, the U.S. division, Maersk Line, Limited, has agreed to change its safety reporting policies, advise its seafarers of their rights under the Seaman’s...
MSC’s “Runaway” Containership Finally Departs After 45-Day Detention
The MSC Mediterranean Shipping Company vessel MSC Michigan VII (81,574 dwt) was given clearance by the U.S. Coast Guard to depart Charleston, South Carolina after its headline grabbing wild ride as its throttles became stuck at full ahead 45 days ago. The...
China’s economic rebound weaker than expected, warns Maersk
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20...
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...