Lag in higher contract rates to drive second-half profitability: Maersk CFO
The carrier believes the ongoing disruption in the Red Sea is now “entrenched” and will not change for the rest…
Maersk CEO says port strike along US East, Gulf coasts is ‘highly unlikely’
Vincent Clerc instead expects the ILA and maritime employers to extend the current deal while talks continue rather than shutting…
Explosion and Fire on Tanker in Indonesia Kills 5, Injures 15 Crew
Indonesian authorities are investigating after receiving a report of explosions and a fire aboard an interisland tanker overnight off the…
India aims to reduce coal imports by over 15% at imported coal-based power plants
As India’s domestic coal production reaches an all-time high, plans are underway to further reduce imports used as feedstock for…