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Transhipment traffic may have ground to a halt in the Red Sea, but Sri Lanka’s hub-and-spoke specialist has reaped the rewards of the trunk liner trades’ southern migration. For ships rerouting around the Cape of Good Hope, Colombo is positioned as an unrivalled wayport option for Middle East and Indian subcontinent cargoes
Higher demand and freight rates have led Maersk to raise the lower end of its guidance for the full year. But overcapacity remains a concern, despite increasing volumes
Human Rights at Sea is seeking greater visibility on its Geneva Declaration on Human Rights at Sea, including adoption by UN bodies
Commodities trading giant Trafigura has penned newbuilding contracts for four ammonia dual-fuel liquefied petroleum gas carriers, which will also be capable of ammonia carriage
Maersk introduced a €23 per dry teu ETS surcharge on the east Asia to north Europe route during the first quarter based on an ETS price estimate of €82 per tonne of CO2