Tag: shipping companies

July 19, 2024

Many shipping companies have been hit by today’s outage of Microsoft, one of the biggest IT outages recorded. Multiple global businesses have reported failures of their Windows PCs today caused by a failed software update from antivirus company CrowdStrike. “Unfortunately, […]

January 31, 2023

Ocean Network Express said it saw a “significant deterioration” in profit — a 50% drop quarter over quarter. ONE reported that its fiscal year 2022 third-quarter profit was $2.76 billion, a $2.75 billion plunge from the $5.52 billion reported in […]

November 2, 2022

One of the world’s biggest shipping companies just issued a downbeat assessment of the global economy, saying container demand will fall as much as 4% this year. For those hoping this will rapidly cool inflation, it had more bad news. […]

September 29, 2022

As informed, Grow Maritime‘s mission is to assist shipping companies in improving their performance through the development and implementation of impactful Environmental, Social, and Governance (ESG) strategies. As a subsidiary of Grow Sustainability Consulting, Grow Maritime will be helping maritime […]

June 28, 2022

Running ships entirely on green hydrogen-based fuels would add less than €0.10 ($0.10.5) to the price of a pair of trainers and up to €8 for a refrigerator, a new study on the cost of decarbonising European shipping shows. The […]

October 26, 2021

The adjacent Ports of Los Angeles and Long Beach are implementing a container storage surcharge program that will increase based on the number of days a unit sits in one of the facilities, a move intended to clear growing backlogs […]