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OOLC'S Steep Q1 Revenue Decline Previews Industry Outlook

OOLC'S Steep Q1 Revenue Decline Previews Industry Outlook

Orient Overseas International, the publicly traded parent company of Orient Overseas Container Line, filed its first quarter financial report giving a glimpse of the expected decline in earnings likel...

Canadian Navy Makes Plans to Replace Aging Victoria-Class Subs

Canadian Navy Makes Plans to Replace Aging Victoria-Class Subs

As the United States, the UK and Australia join forces on the construction of nuclear submarines, Canada is reportedly weighing whether to purchase up to 12 conventionally-powered attack subs. Accordi...

Container Shipping Still a Top Earner for Billionaires

Container Shipping Still a Top Earner for Billionaires

With the pandemic era of super profits in container shipping expected to level off this year, the family of the shipping magnate Gianluigi Aponte has emerged as the top winner of the period. Gianluigi...

MSC Could Face FMC Civil Penalty Over Tariff's Congestion Surcharge

MSC Could Face FMC Civil Penalty Over Tariff's Congestion Surcharge

The Federal Maritime Commission is continuing to move aggressively against what it sees as unreasonable charges and business practices of the major carriers. In a filing dated last week, the Office of...

Analysts See Continued Profit Declines for Shipping in 2023

Analysts See Continued Profit Declines for Shipping in 2023

As the investment community prepares for the start of earnings season with the first of the reports scheduled to be released as early as next week, speculation focuses on what the outlook is for the s...

Kelly Craighead, CLIA President & CEO’s Address to Seatrade 2023

Kelly Craighead, CLIA President & CEO’s Address to Seatrade 2023

Thank you. I am glad to be here in Florida, and I am happier still that so many have been able to join us, and that I have had the chance to see so many friends already. This is the perfect year to...

 MSC Euribia is Now Offering Fine Dining at Sea

MSC Euribia is Now Offering Fine Dining at Sea

MSC Stepping Up Dining Experiences • With new spaces and concepts complementing the already expansive Food & Beverage offering on board, MSC Euribia is a feast for the senses •...

Sharp Increase in Containership Schedule Reliability

Sharp Increase in Containership Schedule Reliability

Coming back from the depths of the shipping surge experienced in 2021 and early 2022, the container shipping industry is recovering its schedule reliability to levels last seen at the onset of the pan...

Pierfrancesco Vago, Executive Chairman, Global Chair of CLIA

Pierfrancesco Vago, Executive Chairman, Global Chair of CLIA

Pierfrancesco Vago, Executive Chairman of the Cruise Division of MSC Group and Global Chair of CLIA March 28, 2023, Speech to Cruise Industry at Fort Lauderdale Convention Center March 28, 2023: &...

Maersk Plans to Nearly Double Rotterdam Terminal Capacity by 2026

Maersk Plans to Nearly Double Rotterdam Terminal Capacity by 2026

Maersk’s terminal company APM Terminals completed an agreement with the Port of Rotterdam Authority to move forward with a large expansion of the company’s terminal in the Maasvlakte II re...