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…
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Japan
Effective Intermodal Transportation Network Critical To My Administration –…
Governor Babajide Sanwo-Olu, on Friday, said Lagos State Government was not unaware of the emerging issues surrounding operations of public transportation, disclosing that plans were…
ONE To Acquire Three U.S. West Coast Container Terminals
Japanese shipping company Ocean Network Express (ONE) has announced an agreement to acquire controlling stakes in three U.S. West Coast container terminals.
ONE has signed definitive…
Panama, Japan Sign Bilateral Agreement On Seafarers Certification Recognition
The Panama Maritime Authority (AMP) and the Ministry of Land, Infrastructure, Transport and Tourism of Japan (MLIT) have signed a Bilateral Cooperation Agreement concerning the mutual…
Grounded NYK Ship Breaks In Two Off Japan Coast
An NYK-chartered woodchip carrier , Crimson Polaris has broken in two off the coast of Hachinohi barely 24hours of grounding
The ill-fated vessel , managed by Misuga Kaiun is a…
MARITIME SECURITY: Philippine Coast Guard Gets Two New Patrol Vessels
Following the heightened tension on her maritime domain, authorities in the Philippines have acquired two patrol vessels to boost maritime security activities.
The…
13 Crew Members Missing ,As Cargo Ship Collides With Japanese Trawler
A Belize-registered cargo ship has sunk off the village of Rokkasho in Aomori Prefecture, northeastern Japan, after colliding with a Japanese fishing boat, leaving 13 crew members missing.…