• Hapag-Lloyd Cautiously Optimistic for the Rest of 2018 Nov 09,2018

  German container shipping line Hapag-Lloyd delivered improved earnings in the period ended September 30,2018,amid a recovery of freight rates and a significant increase in transport volume.For the third quarter of the year,the company witnessed a significant improvement in its net profit,which reached EUR 113... [learn more]

• Trans-Pacific Trade Drives OOCL’s Revenue Up Oct 29,2018

  Hong Kong-based Orient Overseas Container Line(OOCL)delivered stronger revenue in the third quarter of 2018.During the quarter ended September 30,2018,the company witnessed a 7 percent rise in revenue,reaching USD 1.55 billion compared to USD 1.45 billion seen in the same period a year earlier.The rise was ma... [learn more]

• MOL’s New VLCC to Test Ship Ops Support System Using AR Oct 12,2018

  Japanese shipping major Mitsui O.S.K.Lines is to launch the experimental use of a system that supports ship operation during voyages using augmented reality(AR)technology aboard a new very large crude carrier(VLCC).The experimental version of the system,which was jointly developed by Furuno Electric and MOL T... [learn more]

• Six Carriers Join Forces to Enhance Med-USEC Service Sep 27,2018

  Ocean Network Express,Hapag-Lloyd,and Yang Ming have entered a strategic cooperation with CMA CGM,COSCO,OOCL to enhance their Mediterranean-US East Coast service.Under the agreement,the parties said they would improve their AL6(Atlantic 6)service“to deliver a more efficient and comprehensive service... [learn more]

• Sharp Fuel Price Hike Hits CMA CGM’s Q2 Earnings Sep 10,2018

  The world’s third largest container shipping company CMA CGM reported an almost 90 percent decrease in its net profit for the second quarter of 2018,compared year-on-year.The liner company said that its net income for the quarter came at USD 22.7 million,slashed from last year’s equivalent... [learn more]

• Maersk Inks Compliant Fuel Deal with Vopak Aug 30,2018

  The upcoming 2020 sulphur cap has emerged as a great business opportunity for fast movers, and industry giant A.P. Moller – Maersk knows how to turn an industry challenge into profit.Namely, the company has teamed up with Royal Vopak, an independent tank storage operator, on a project aimed at launc... [learn more]