March 3, 2023
CMA CGM Expects Marked Slowdown Will Continue in 2023

CMA CGM Expects Marked Slowdown Will Continue in 2023

CMA CGM expects the marked slowdown seen in the fourth quarter of 2022 to continue in the current year, the French transport and shipping group said on Friday, citing inflationary pressures weighing on consumption.The company based in Marseille and privately controlled by the founding Saade family,
March 3, 2023
Virtual Marine Expands Representation in Australia and New Zealand

Virtual Marine Expands Representation in Australia and New Zealand

Canada-based marine simulation training firm Virtual Marine Technology Inc. announced it has signed a strategic market representation agreement with New Zealand's Global Marine Technical Services (GMTS), extending its in-country coverage to Australia and New Zealand.
March 3, 2023
PowerCell to Deliver World’s Largest Marine Hydrogen Fuel Cells

PowerCell to Deliver World’s Largest Marine Hydrogen Fuel Cells

Hydrogen fuel cell supplier PowerCell announced it has signed an agreement to deliver hydrogen fuel cells to two ships operating on Norway's longest ferry route. The order has a value of €19.2 million, and represents the largest non-combustion…
March 3, 2023
Baltic Dry Index Rises for Second Week

Baltic Dry Index Rises for Second Week

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, climbed to a two-month peak on Friday, as well as marked its second straight weekly rise, supported by improving demand for capesize and panamax vessel segments.The overall index…
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