As the spring 2025 deadline for turning IMO’s revised GHG strategy into regulation approaches, progress was made last week at meeting 16 of the Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG GHG 16).
Taiwan-based Yang Ming Marine Transportation’s vessel YM Witness collided with the quay In the Turkish Port Evyap at the weekend toppling three quay cranes.
With returns sliding back to pre-Covid levels after the supercharged pandemic period shipping lines are looking to control costs again to keep their heads above water.
The deep decline in container freight has seen both Hapag-Lloyd and Yang Ming post sharp drops in annual profits, and Zim sink deeply into the red.
Dubai-headquartered DP World has inaugurated the latest in a string of more than 100 freight forwarding offices across the world.