CMA CGM Group reported net income of $24.9 billion for 2022, up 7% on the previous year, on revenue of $74.5 billion (+33%), led by the Group’s maritime shipping business with revenue up 30% year-on-year to $58.9 billion. Commenting on the full-year 2022 results, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM […]
Global shipowners’ association the International Chamber of Shipping (ICS), representing over 80% of the world’s merchant fleet, is pleased to announce FEDIL Shipping, Luxembourg and the Brazilian Association of Cabotage Owners becoming Affiliate Member National Associations. The ICS Board has approved their membership, taking effect from 1 March 2023. FEDIL Shipping acts as the shipowners’ […]
Leading international ship classification society Indian Register of Shipping (IRS), has entered into a collaboration with Dassault Systèmes to leverage virtual twin technology for driving its digital transformation and boosting operational efficiency. The collaboration involves the use of Dassault Systèmes’ 3DEXPERIENCE platform to optimize the performance and efficiency of complex marine and offshore projects. The […]
Eminent shipping and asset finance lawyer Harry Theochari, Chair of Maritime London and Senior Consultant at Norton Rose Fulbright LLP, as well as past Chair of Maritime UK, received his OBE (Officer of the Most Excellent Order of the British Empire) at Windsor Castle on 28 February. He said: “I am hugely honoured and so […]
Fincantieri, through its subsidiary Vard, has signed the contract with a new client, Edda Wind, for the construction of four Commissioning Service Operation Vessels (CSOV). The first two vessels are expected to be delivered in Q1 2025, the third in Q2 2025 and the fourth in Q1 2026. The contract has a total value of […]
Secretary-General António Guterres has congratulated UN member countries for finalizing a text to ensure the conservation and sustainable use of marine biological diversity of areas beyond national jurisdiction, calling it a “breakthrough” after nearly two decades of talks. “This action is a victory for multilateralism and for global efforts to counter the destructive trends facing […]
Speaking at last week’s Transpacific Maritime Conference (TPM23) in Long beach, California,, MSC CEO Soren Toft gave a detailed overview of the company’s continued growth, expectations for economic recovery, and efforts to realize sustainable shipping. “The world has seen through the supply chain crunch just how important the logistics and shipping industry really is – […]
Leading hydrogen fuel cell supplier PowerCell has signed an agreement to deliver hydrogen fuel cells to two ships operating on Norway’s longest ferry route, representing a significant milestone for the shipping industry’s energy transition. The order, which was secured after a thorough tender process, has a value of €19.2 million, and represents the largest non-combustion […]
Irish energy company ESB and the Port of Cork Company have signed a memorandum of understanding, agreeing to work together to progress plans for Ireland’s offshore wind and green hydrogen development. The Port of Cork’s masterplan outlines proposals to develop the necessary infrastructure to facilitate and support the offshore renewable-energy and green-hydrogen sectors. It views […]
