CMA CGM expands air cargo fleet with Air Belgium acquisition
French shipping giant CMA CGM has finalized its purchase of Air Belgium, adding four cargo aircraft to its rapidly growing airfreight division. With this acquisition, CMA CGM’s total air fleet now numbers nine planes, though the Air Belgium brand will continue to operate under its existing name. “This acquisition represents a significant milestone in our […]
ONE surpasses US$4.2 billion annual profit amid expanding container vessel fleet
Ocean Network Express (ONE) has reported exceptional financial results for the fiscal year ending 31 March 2025, marking a period of significant growth across all key performance indicators. The Singapore-based shipping company recorded a staggering 336% year-on-year increase in net profit, reaching over US$4.2 billion. At the same time, earnings before interest and taxes (EBIT) […]
Marinakis’ Capital splashes out over US$1.2B on 18 newbuild container vessels
Evangelos Marinakis’ Capital Maritime has finalised orders for 18 container ships at HD Hyundai shipyards. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an account? Register If you liked this post, please consider donating5€10€20€50€ The post Marinakis’ Capital splashes out over US$1.2B […]
PD Ports unveils Teesport Offshore Gateway development plans
PD Ports aims to develop one of the UK’s largest offshore wind manufacturing and installation hubs – the Teesport Offshore Gateway. “Unlocking 180 acres (730,000m²) of development potential for a range of offshore manufacturers, assembly, marshalling and supply chain support services, the proposed site will confirm Teesside’s place at the heart of the UK push […]
Hapag-Lloyd reports strong Q1 growth amid market uncertainty, warns of softer full-year outlook
Hapag-Lloyd announced increased revenue and earnings in the first quarter, per the preliminary and unaudited report. In particular, the German ocean carrier reported a 17% growth in Group EBITDA, reaching US$1.1 billion, a 24% increase in Group EBIT to US$500 million, while the company’s revenue climbed from US$4.6 billion in 2024 Q1 to US$5.3 billion […]
CMA CGM flags first boxship in India, boosting nation’s maritime push
India’s maritime ambitions are gaining new momentum as the country strategically positions itself to become a global shipping and logistics powerhouse. In a landmark development, French shipping giant CMA CGM has registered its first Indian-flagged container ship, CMA CGM Vitoria. With a capacity of 2,592 TEUs, the vessel is now serving India under the group’s […]
Seaspan books six containership newbuilds in China
Seaspan has put pen to paper on more containership newbuilds at Shanghai Waigaoqiao Shipbuilding (SWS) in China. The Bing Chen-led tonnage provider has booked six 10,000 teu vessels with delivery likely starting in 2028. No value has been revealed for the shipbuilding contract that was concluded in renminbi rather than US dollars, and detailed vessel […]
CMB.TECH sells three VLCCs
CMB.TECH has revealed it has sold three more VLCCs as part of an ongoing fleet rejuvenation programme. The sales of the 2010-built Hakata and Hakone as well as the 2012-built Iris to unidentified buyers have generated a total capital gain of $96.7m. CMB.TECH and dry bulk concern Golden Ocean aim to finalise a merger deal […]
Managing the crew burden cycle
Steven Jones, founder of the Seafarers Happiness Index, discusses how the demands of old ships and new tech are taking something of a workload toll. They say change is as good as a rest. For seafarers, though, that is plain nonsense. Still, ever optimistic, there is much from the International Labour Organization’s (ILO) tripartite Maritime […]
CMA CGM completes acquisition of Air Belgium
French liner CMA CGM has completed the acquisition of Air Belgium, adding four more cargo airplanes to its burgeoning airfreight division. The company said it will retain the Air Belgium brand with the latest acquisition taking its air fleet to nine planes. Damien Mazaudier, executive vice president of the air division at CMA CGM, stated: […]