Lax cyber security measures can prove costly with research showing that where shipping companies paid a ransom as result of an attack it averaged some $3.1m. Marcus Hand | Mar 22, 2022 New research into maritime cyber security carried out by Thetius for CyberOwl and HFW showed an alarming lack of awareness and preparedness to deal

 Port of Shanghai. (Photo: Shutterstock) The ports of Shanghai and Yantian are known as two of the largest electronics export hubs in the world, but if you look in the containers, you will find much more than that. Using ImportGenius, American Shipper analyzed the bills of lading of Chinese exports leaving those ports bound for

Container line ZIM has reported strong earnings and profit for 2021, with forecasts for similar performance in 2022. Gary Howard | Mar 09, 2022 The company’s $4.65bn profit is a record high, up 787% from 2020’s $524m in 2021. The result comes from an adjusted EBITDA of $6.60bn and adjusted EBIT of $5.82bn. ZIM forecast an

Georgia Port Authority (GPA) has announced it plans to expand the Port of Savannah. Michele Labrut | Mar 03, 2022 In his annual State of Port address, GPA Executive Director, Griff Lynch, announced a plan to increase box capacity of the Port of Savannah by 60% from about 6m teu to 9.5m teu by 2025. The

Multiple international container lines have announced they will not call Ukraine ports, while Russian services generally remain available. Gary Howard | Feb 24, 2022 MSC, Maersk and CMA CGM all released operation updates announcing suspensions of vessel calls to Ukraine until further notice. Russian armed forces launched an invasion of Ukraine on February 24. Ukraine’s military

CMA CGM is to stop carrying plastic waste on its ships from 1 June in a bid heeding the call of NGOs for a ban on such exports. Marcus Hand | Feb 14, 2022 Rodolphe Saadé, Chairman and CEO of the CMA CGM Group made the announcement on the company’s ban on carrying plastic waste during

Vietnam will remove its COVID-19 restrictions on international passenger flights with all markets starting Feb. 15, with no limitation on the number of flights, the state-run Tuoi Tre newspaper reported on Sunday. The Southeast Asian country imposed tight border controls at the start of the pandemic to keep out COVID-19, with some initial success, but

AP Moller – Maersk has reported an expected record profit of $24bn for 2021 and forecasts the same result for the coming year. Marcus Hand | Feb 09, 2022 In line with its updated guidance for 2021 issued last month the company reported an EBITDA of $24bn for 2021, nearly three times the $8.2bn EBITDA Maersk