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International Maritime

Maersk Line Sees Red In Q4 2023 With $537 million Loses

Danish shipping giant , Maersk Line slumped to a fourth quarter loss and forecasts at best to breakeven in 2024. Maersk reported a loss of $537 million at an EBIT level for Q4 2023 driven by a $920 million loss for its ocean, or…

Chile Becomes 1st Country To Ratify High Seas Treaty

Chile has become the first country in the world to ratify the UN High Seas Treaty otherwise known as an ocean conservation agreement. Recall that about 84 countries have signed the treaty marking their commitment to ratify the treaty.…