Global Maritime Archives — Page 4 of 4

June 23, 2021 No Responses

Daewoo Secures Order For Six LNG-Powered Container Vessels

South Korean shipping major Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for the construction of six ultra large LNG-powered container vessels (ULCVs). The contract, worth KRW 1.1 trillion (about $1 billion), was signed with an undisclosed European...

June 8, 2021 No Responses

CMA CGM Records $10.7 b Revenue In Q1

French container shipping major CMA CGM closed the first quarter of this year with strong earnings growth. The company’s net income increased to $2.1 billion in Q1 2021 from $48 million seen in Q1 2020. EBITDA came in at $3.2...

March 29, 2021 No Responses

Samsung Secures $2.5b Deal For 20 Evergreen Boxships

South Korean shipbuilder Samsung Heavy Industries (SHI) has been selected by Taiwanese shipping major Evergreen Marine Corporation to build twenty 15,000 TEU containerships. Already, Evergreen Marine has unveiled plans to build the b...

March 1, 2021 No Responses

Fitch: Global Container Shipping Rates High, Unsustainable

Global container shipping companies’ performance will be strong in 2021 after a profitable 2020, according to Fitch Ratings.Spot freight rates will remain high in the short term which will flow through to contracted rates fo...

February 13, 2021 No Responses

Maersk CEO: Global Shipping Turmoil Expected To Calm Down By Mid-Year

The world’s largest container carrier said trade disruptions that have sent freight rates soaring and overwhelmed major ports may start to ease after the first quarter, disappointing investors but signaling eventual relief for cargo shippers.A.P. Moller-Ma...

February 11, 2021 No Responses

Ports & Cargo Terminal Targets 300,000 TEUs In 2021

Ports & Cargo Handling Services, a subsidiary of SIFAX Group, is targeting 300,000 Twenty-foot Equivalent Units (TEUs) cargo capacity for 2021. Managing Director, Ports & Cargo Handling Services, Mr John Jenkins, disclosed this in a statement on ...