MSC group now owns 49% of Moby
half of the EUR 180 million it was still owed for the outstanding instalments related to the deferred payment for the 2012 transfer of Compagnia Italiana di Navigazione to Moby....
Pullmantur heading for bankruptcy
so far refunded 83% of the money owed to customers for cruises cancelled due to the pandemic emergency. The company is also committed to guaranteeing its employees decent leaving packages....
Global boxship demand down in May
In May, the global demand for full containers was 2.8% less compared to the same month last year. This was disclosed by Container Trade Statistics in its latest monthly report....
MOL ups its tanker business
has been approved by the boards of directors of both companies and, according to a company statement, is expected to be finalized in the fourth quarter pending regulatory approvals. MOL...
Higher freight rates, lower reliability
...that during periods with high schedule reliability, freight rates were low and vice versa. According to Sea-Int. CEO Alan Murphy, reliability tends to improve when there is excess capacity, because...
Terrible tragedy hits Bangladesh
heated up in the open air and reacted violently once it came into contact with the water used by firefighters to put out the flames. The facility, located 40 km...
Hapag Lloyd joins the Spinelli Group
Hapag Lloyd has become part of the Spinelli Group, with the acquisition of a 49% share. The news, which was first disclosed yesterday by Secolo XIX and www.shippingitaly.it, has been...
Baltimore, explosives to free the wreck
by the Key Bridge Response 2024 Unified Command. They pointed out that the detonations will be used to split the bridge section into smaller parts to facilitate its removal. This...