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International Maritime
ZIM Loses $2.27Billion In Q3 2023
Container line ZIM slumped to a massive $2.27 billion loss in Q3 2023 as it took a $2.06 billion non-cash impairment due to the negative outlook for the container sector.
Taking out the non-cash impairment NYSE-listed ZIM reported an…
MOL , Tech Firm To Develop Electric Vessel Business In Singapore, Japan
Mitsui OSK Lines (MOL) has inked a Memorandum of Understanding with Singapore tech start-up Pyxis Maritime to develop the electric vessels markets in Singapore and Japan.
The partners will work on developing and marketing for the…
Liners Set Out EU ETS Surcharges Ranging From €7 To €105 Per TEU
Indications of charges to be levied by Maersk, Hapag-Lloyd, and CMA CGM to cover the costs of the EU Emissions Trading System (EU ETS) have been released this week, with estimates ranging from €7 to €105 per teu.
From January the EU ETS…
World Shippers Council Introduces Cargo Screening Programme To Prevent Container Fires
The World Shipping Council (WSC) is spearheading an initiative to develop a software tool to spot mis-declared container cargoes, which can lead to fatal shipboard fires.
The WSC noted that despite the efforts of the industry and…
World Maritime Day 2023: IMO Highlights Marine Environment Protection
The International Maritime Organisation IMO’s commitment to the preservation of the marine environment underlined on World Maritime Day 2023.
This year sees the 50th anniversary of the adoption of the International Convention for the…
MWUN Achievements Beyond Shores Of Nigeria – Egyptian Union
The Maritime Workers’ Union of Egypt has expressed satisfaction over the leadership style of Comrade Adewale Adeyanju management led team of the Maritime Workers Union of Nigeria (MWUN) saying that cooperation from both countries could…
Russian Warship Fires Warning Shots At Turkish Bulk Carrier
A Russian warship fired warning shots and boarded a small bulk carrier in international water, claiming it was headed to Ukraine in the Black Sea on Sunday, according to Russia’s Defense Ministry.
Russia pulled out of a UN and…
Maersk , MSC Announce Recycling Of Older Container Vessels With India Firm
In a significant move towards sustainable ship recycling practices, global shipping giants Maersk and MSC have announced the retirement of older container ships, a decision that has been welcomed by Indian ship recyclers.
Maersk and MSC,…
ITF Seafarers’ Centre In Ukraine Hit By Russian Drones Attack
The Izmail Seafarers Centre in Ukraine has been hit in a Russian drone attack on the Port of Izmail on Wednesday.
The ITF Seafarers Trust, which previously funded the centre, said it had been by a drone attack in the early hours of 2…
CMA CGM Shipping Business Records $12 Billion In Q2
Despite difficult market conditions during the period, CMA CGM Group has reported a robust performance across its businesses during the second quarter of 2023, in line with its first-quarter guidance.
The Group’s revenue for the quarter…