Maritime
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Ocean freight rates now pointing downward after November rise
After first half surge, the back-end of November is weakening after the last U.S. freight surge.
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Lawmakers told foreign ships threatening US maritime sector
Vessel group alleges “lucrative cost advantage” over American-flagged ships.
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Mafia blamed as $275 million of cocaine seized
Europol believe Italy’s ‘Ndrangheta mafia is behind the use of Gioia Tauro as a cocaine hub for western Europe.
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Hyundai Merchant Marine reports increase in revenue, smaller loss
HMM had an increase in revenue and smaller loss in third quarter when compared to the same 2018 period.
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ESG ‘green’ push has ship owners seeing green(backs)
New ship orders are grinding to a halt due to uncertainty over which designs can meet future GHG rules.
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Has MSC signed up Maersk’s Toft as CEO?
The shipping grapevine is abuzz with rumors that the man who was Maersk’s COO until Monday (Nov. 11) could soon be leading MSC.
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Adani Ports reveals large increase in revenues and profits
India’s largest commercial ports operator, Adani Ports, reported a substantial increase in its company and port-segment revenues. Company and port-segment profits have also markedly increased.
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How fossil-fuel allergy impacts shipping-stock returns
ESG investors are shunning shipping stocks, but dividends should bolster total returns.
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Port of Oakland names Danny Wan executive director
Danny Wan, just named executive director of the Port of Oakland says the agency needs to plan ahead for the possibility that the economy may…
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Joe Biden wants to launch low-carbon transportation strategy
Proposal is part of $1.3 trillion infrastructure plan
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