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MAERSK Forecasts Its Earning Close to $24bn This Year
Maersk which is world largest shipping company revised its forecast of EBITDA earnings from earlier $10bn to now $24bn. This revision comes amid strong demand of cargo over post covid times. The demand has led congestions at various ports all around the world, with shortage of shipping container all over. If we talk about the […]
Ten barges, including one carrying methanol, broke free from a tugboat on the Ohio River
On Tuesday, three barges, including one carrying about 1,400 tons of methanol, became stuck against a dam on the Ohio River in Louisville, Kentucky. These three barges were among a group of ten that had broken free from their tugboat around 2 a.m. after colliding with a structure at the entrance to the Portland Canal […]
international maritime organization-All you need to know
The International Maritime Organization (IMO) is a specialized agency of the United Nations (UN) responsible for regulating and promoting safety, security, and environmental performance of international shipping. functions of international maritime organization The IMO was established in 1948, and it has its headquarters in London, United Kingdom. The organization works with member states, shipping companies, […]