Published Dec 27th, 2024 by Alphaliner 2024 is on track to be third most lucrative year in container ship history despite the higher costs born by container carriers to divert tonnage around the Cape of Good Hope. At the nine-month stage, net profits for the leading carriers are already above the full-year results for both 2020 and 2023, the only…
Published Dec 16, 2024 by The Maritime Standard The container shipping line group, Ocean Network Express (ONE), is launching a new Indian Ocean Express (IOX) service, connecting India, Sri Lanka and Pakistan with North Europe. Additionally, a transshipment service via Colombo is intended to cater to the requirements of customers in East India and Bangladesh. The inaugural voyage from Nhava…
Published Dec 16th, 2024 by Marcus Hand, Editor Increased tariffs from the Trump 2.0 administration, a potential US East Coast ports strike, and alliance restructuring all promise a turbulent start to the year, according to DHL Global Forwarding. DHL Global Forwarding said that stronger than expected demand container shipping is being seen in the final months of 2024. In its…
Published Dec 17, 2024 3:12 PM by The Maritime Executive The CMA CGM Group, which is already pursuing its environmental initiatives with large investments in LNG-fueled containerships, will also develop a unique, electric-powered, cargo barge for inland service in Vietnam. Expected to start service in 2026, the barge will operate with batteries and a dedicated green power station providing an…