Red Sea turmoil continues

CMA CGM reported a Q2 2024 net income of US$ 661 million, down 51% from last year, and confirmed an order for twelve 15,000 TEU LNG-powered vessels.

GCMD trials new trace technologies as part of a two-year pilot aimed at developing a framework to provide quality, quantity and GHG abatement assurances for drop-in fuels.

Suez Canal’s annual revenue fell by approximately 23.4% in the fiscal year 2023/2024, driven by the impact of the Red Sea crisis.

CMA CGM has partnered with Google to integrate AI across its global operations, aiming to enhance decision-making, optimise workflows, and improve efficiency in vessel routes.

KSOE secures order for twelve LNG dual-fuelled container ships from a European client, likely CMA CGM, expected to be completed in 2028.

Carrier adds a “Reefer Operational Surcharge” of up to $500 per container.