Market & Companies
Maersk and Hapag-Lloyd reroute Gemini service through Red Sea
Maersk and Hapag-Lloyd are shifting the AE19 service via Suez, providing a faster connection between Asia and Europe.
Market & Companies
Chinese carriers expand Arctic shipping routes
Chinese companies are gearing up for increased Arctic trade, with new container services linking Asia and Europe via the Northern Sea Route.
Market & Companies
UK marine mutual pushes ahead with TT Club merger
UK-based marine insurance company is making a significant move by merging with TT Club, according to Lloyd's List.
Market & Companies
Maersk sells training arm to OpenGate Capital
A.P. Moller - Maersk has sold its training and safety services subsidiary, Maersk Training, to private equity firm OpenGate Capital, reflecting.
Tanker traffic in Persian Gulf hit hard by insurance withdrawal
After insurers withdrew war-risk coverage, tanker traffic in the Persian Gulf plummeted sharply within days, illustrating how commercial lawfare can.
Castor Maritime establishes joint venture for Kamsarmax bulk carrier
Castor Maritime has contributed its 2015-built M/V Magic Starlight to a Fearnley-arranged joint venture, gaining $18.75 million in cash and maintaining 30% ownership.
Wall Street divided on Expeditors' earnings potential
Two banks provide contrasting forecasts, highlighting the uncertainty in airfreight markets - a key factor for investors and market analysts.
Sinking UPS: Q2 Beat Hides Widening Earnings Disagreements
UPS reported a strong second-quarter revenue, but analysts are split on the company's future performance amid Amazon's influence.
MISC Bhd secures new LNG carrier contract, strengthens earnings profile
MISC Bhd has secured a long-term time charter for an 18,700 cubic m LNG carrier, bolstering its position in the global energy supply chain.
Ningbo Ocean Shipping enters car carrier market
Ningbo Ocean Shipping, a subsidiary of Ningbo-Zhoushan Port Group, has ventured into the vehicle transportation sector through a charter agreement.
Seven Chinese Vessels Permitted via Russia's Arctic Route
Rosatom grants permits for seven Chinese vessels on regular route to Europe, marking a significant development in the Northern Sea Route's commercial potential.
Maersk sells training unit in strategic realignment
A.P. Moller – Maersk has agreed to sell its Maersk Training business, a move focusing on core operations and recognising the strong market presence of the company.
