Half of Red Sea container fleet avoids route after attacksThe tally compiled by Flexport Inc. shows 299 vessels with a combined capacity to carry 4.3 million 20-foot containers have either changed ...
29 Dec, 2023, 10.13 AM IST
Container shipping’s fat cats require a crash dietThe main problem appears to be supply and not demand. Danish shipping giant Maersk expects global container volume to decline this year.
06 Nov, 2023, 09.28 AM IST
Shipping giant Maersk taps investors for first dollar green bondMaersk would use the proceeds from the offering to help itself finance or refinance green assets, including fixed assets, capital and opera...
12 Sep, 2023, 09.42 AM IST
Shipping's $500 billion profit can take on AmazonIndeed, by the end of 2022, the container-shipping industry will have earned a staggering half a trillion dollars of operating profit from ...
24 May, 2022, 03.00 PM IST
Maersk makes $1.4 billion green bet on methanol-fueled shipsBy 2050, the United Nations body wants shipping’s total greenhouse gas emissions to at least halve relative to 2008.
25 Aug, 2021, 09.14 AM IST
Ocean-cargo boom fuels $10 billion spree for new container shipsThe global health crisis reversed those fortunes, leading to a surge in online demand for goods that allowed the carriers to charge three t...
17 Feb, 2021, 03.40 PM IST
That global trade slowdown? It's happening nowIt’s tempting to think the global economy is riding out the turmoil. Tempting, but mistaken. Look closely: The slowdown has begun.
07 Sep, 2018, 02.04 PM IST
Hanjin fall is Lehman moment for shipping, says Seaspan CEOThe fallout of Hanjin Shipping is like Lehman Brothers to the financial markets, said Seaspan CEO Gerry Wang.
13 Sep, 2016, 12.53 PM IST
20 best airlines in the world according to Skytrax surveyQatar Airways has been named the Best Airline in the World. Here are the 20 best airlines in the world according to the result of the Skytr...
18 Jun, 2015, 01.50 PM IST
- World fleet of idle vessels sinks to lowest since October 2011
Global idle containership fleet, bigger than 500 TEU, has reached its lowest level since October 2011
26 Aug, 2013, 10.56 AM IST
Shipping demand to grow by just 5.9% this year: ReportGlobal shipping demand is projected to grow by just 5.9% this year to 160 million TEU, according to the latest Clarkson - produced Containe...
13 Aug, 2012, 06.16 PM IST
- Maersk Line to Merge Safmarine Operations in hope to reduce costs
The Safmarine brand name will stay, and more than 1,000 personnel in sales and marketing positions around the world will be able to keep th...
10 Oct, 2011, 04.57 AM IST
- Alphaliner's Top 50 box rankings remain unchanged
There is very little change in the standings of the top 50 container shipping lines despite the worse recession since the Dirty Thirties De...
27 Sep, 2010, 12.56 AM IST
- Container ship deliveries to hit record in July
Deliveries of new containerships will hit a record monthly high of 200,000 20-foot equivalent units (TEUs) in July, extending a year long i...
26 Jul, 2010, 12.53 AM IST
- Record number of ships go idle
Some 165 containerships totalling 430,000 TEU were idle just before December 25, up from 300,000 TEU two weeks earlier, based on Paris-base...
05 Jan, 2009, 04.28 AM IST
- Shipbreaking set for healthy turnaround amidst gloom
Amid gloomy figures and stats, panning every sector, Shipbreaking industry is up and is expected to post a remarkable turnaround this fisca...
17 Nov, 2008, 12.00 AM IST
- Box ship orders collapse: Clarkson
Annual global container trade growth has dropped below the double-digit level this year for the first time since 2001.
29 Sep, 2008, 12.00 AM IST