Classification society Lloyd’s Register (LR) announced that it has taken part in the Quadriga sustainable shipping project which aims to build the world’s biggest sailing cargo ship with wind-assisted propulsion.
Cosco Shipping Ports (CSP) posted strong growth across the board in July, with volumes rising 17% to 7.7m teu from 6.5m teu in the previous corresponding period.
AP Moller-Maersk Group is expecting to take a $200-300m hit for its full year earnings in 2017 due mainly to lost revenue in July as a result of a crippling…
Maersk Line has delivered a first half profit of $273m, erasing the loss of $114m in the year-ago period, due in part to the continued recovery in the container shipping…
Underscoring an upturn in container shipping global boxport volumes grew 6.7% in the first half of 2017, and forecast at 6% for the year as a whole by Alphaliner.
Rickmers Maritime noteholders and other unsecured creditors will receive a recovery rate of just 12.1% as the listed shipping trust is wound-up.
Regional feeder line SITC firmed up an order for two 1,011-teu gearless container vessels from an unnamed Korean yard and exercised options for two more similar vessels for delivery in…
The very large containership CSCL Jupiter has been successfully refloated at first attempt.