The additional revenue consists of $203 million in two-year charters for nine existing ships and $413 million in charter fixtures for five new containerships.
Doorstep express service
Insurance Shortages Impact Tow Truck Pricing Debate
Tow truck operators are citing a lack of affordable insurance as a key factor in the ongoing price-gouging debate. The high cost and limited availability of insurance coverage are driving up operational expenses for these businesses
U.S. Importers Are Rushing Goods in Early Ahead of Shipping Disruptions
The strategy comes as freight rates are rising and new tariffs are set to hit some goods from China
Investment firm acquiring SMBC Rail Services
Acquisitions are continuing apace within the U.S. freight rail industry, with an infrastructure investment firm acquiring SMBC Rail Services and CN taking a stake in Atlanta Canada short-line railroad. ITE Management affiliate to acquire SMBC Rail Services An affiliate of ITE Management, a transportation and infrastructure investment firm, plans to acquire SMBC Rail Services, a … Read more
Tools to Help Reduce Freight’s Climate Impact
Since transporting goods around the globe generates 8% of global CO2 emissions, new tools have been created to reduce emissions through procurement.
How does the larger scale affect business opportunities?
‘We are now talking with larger and more diverse types of customers, including new verticals and markets, which has tremendously increased our sales pipeline potential. As a result of these new opportunities, we have substantially increased the size and depth of our commercial team.
Is this vessel the future of shipping? Shipping giant Maersk is banking on it
Shipping is one of the biggest polluting industries in the world, but Maersk is looking to change that.
The world’s second-largest shipping firm presented the first containership powered with green methanol – an alternative fuel that allows these ships to emit less CO2 compared to traditional vessels.