Tag: shipping companies


Ocean Network Express’ quarterly profit plunges

January 31, 2023

Via: FreightWaves

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 […]


Maersk Warns of Worsening Container Demand and Inflation

November 2, 2022

Via: Transport Topics

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. […]


Grow Maritime launches on World Maritime Day

September 29, 2022

Via: Offshore Energy

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 […]


Study claims green shipping would add just eight cents to a pair of Nikes

June 28, 2022

Via: Splash 247

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 […]


Ports of LA, Long Beach to Fine Firms Over Container Backlog

October 26, 2021

Via: Transport Topics

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 […]