Tag: Cargo Ship
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Container Carriers See Profit Surge Amid Geopolitical Turbulence
Amidst a volatile geopolitical landscape, the global container shipping industry has seen its profits soar to over $10 billion in the second quarter, driven by unprecedented volumes and increased freight rates following a route adjustment in the Red Sea. Net profits for leading container carriers, such as Denmark’s AP Moller-Maersk A/S and China’s Cosco Shipping…
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Pirates seize control of cargo ship near Somalia, say owners
Pirates have seized a Bangladesh-flagged bulk carrier off the coast of Somalia and taken its 23-member crew hostage, the ship’s owners said. The MV Abdullah was sailing from Mozambique’s capital Maputo to the United Arab Emirates with a cargo of 55,000 tonnes of coal when it was attacked on Tuesday, according to Kabir Steel Re-Rolling…
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