Antonis Karamalegkos
ONE and Seaspan jointly establish technical ship management firm
Ocean Network Express (ONE) and Seaspan Corporation have announced the establishment of OneSea Solutions (ONESEA), a solutions provider focused on technical ship management and...
Hapag-Lloyd announces significant profit decline in 9M 2024
Hamburg-headquartered ocean carrier Hapag-Lloyd reported earnings before interest, taxes, depreciation, and amortisation (EBITDA) of US$3.6 billion, earnings before interest and taxes (EBIT) of US$1.9...
HMM profits soar in third quarter
HMM reported revenue of KRW 3,552 billion (US$2.5 billion), with a net profit of KRW 1,739 billion (US$1.25 billion) and an operating profit of...
DP World takes over Silk Logistics for US$115 million
DP World Australia has entered into a binding Scheme Implementation Deed for the acquisition of the issued share capital of Silk Logistics Holdings Limited...
DP World opens first all-electric berth at London Gateway
DP World has officially launched the world’s first all-electric berth with the arrival of its first ships, marking a significant milestone at one of...
Wallenius Wilhelmsen appoints new CFO
Norwegian car carrier operator Wallenius Wilhelmsen has announced the appointment of Bjørnar Bukholm as the new Executive Vice President (EVP) and Chief Financial Officer (CFO).
Bukholm...
Hapag-Lloyd invests US$4 billion in 24 new container ships
German ocean carrier Hapag-Lloyd has signed two contracts with two Chinese shipyards for a total of 24 new container vessels.
Twelve 16,800 TEU newbuildings will...
“Weak momentum” in global trade affects DHL Group’s results
Germany-based transportation company DHL Group reported revenue of €20.6 billion in the third quarter of 2024, up 6.2% compared to the same period of...
PIL on newbuilding spree: Another LNG dual-fuel boxship order
Pacific International Lines (PIL) is accelerating its fleet renewal with an order for another five 9,000 TEU liquefied natural gas (LNG) dual-fuel container ships.
The...
CMA CGM reports fraud attempts against its customers
French shipping company CMA CGM Group recently announced that several fraud attempts have occurred against its customers.
According to the ocean carrier's announcement, hackers are...
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Latin America’s logistics sector at crossroads as e-commerce growth meets structural challenges
The logistics industry in Latin America is navigating a turbulent period marked by opportunity, complexity, and transformation.
With e-commerce emerging as a powerful engine of...
Indonesia charts shipping path to relevance amid US-China clash
With geopolitical tension rising between the United States and China, Indonesia is quietly but ambitiously stepping up its game in the shipping world.
Port upgrades,...
Far East–East Coast South America trade sees capacity surge
As of June, the Far East–East Coast South America trade corridor is served by nine regular services, up from six a year ago, according...
ICS announces new leadership and strategic focus amid global maritime challenges
At its Annual General Meeting and Board Meeting in Athens, Greece, opened by Vassilis Kikilias, Greece’s Minister of Maritime Affairs and Insular Policy, the...
