OCEAN Network Express has reported a “significant” decline in profits for the first quarter of the 2023 financial year. ONE posted a profit of US$513 million, down 91% from the US$5.5 billion reported in the same period last financial year. The company said global cargo demand from April to June was significantly lower than it was in the first quarter of the 2022 financial year.

Afruibana was present in London, on Tuesday June 6 and Wednesday June 7, as part of the 3rd edition of the Ghana Investment and Opportunities Summit, which was attended by Golden Exotics Limited, a member of BPA and AFRUIBANA. The opportunity for the association to continue its dialogue with the British authorities. The GHIOS brings together investors to present the characteristics of Ghana's attractiveness and the reasons that should make the country a preferred destination for investors planning to do business in Africa.

In the first half of 2023, the port of Novorossiysk saw an active growth in the market of refrigerated containers, Aleksey Garmash, General Director of Novomorsnab, has said at the 19th Transport Forum YugTrans-2023. According to him, exports of reefer containers from the port of Novorossiysk rose by 15.7% YoY, to 11.25 thousand TEU, while imports rose by 7.13%, to 128.71 thousand tons TEU.

Hapag-Lloyd successfully completed its 100 % acquisition of SM SAAM’s terminal business and related logistics services, which is based on an agreement announced in October 2022. The transaction was approved unconditionally by the relevant antitrust authorities of all countries involved in this acquisition process, according to the company's release. Investing in terminal infrastructure is a key element of Hapag-Lloyd’s strategic agenda, and Latin America is one of its key markets.

Maersk's first-of-its-kind methanol dual-fuel containership made history on July 16 when it became the first to bunker methanol. The newly built vessel bunkered 1,000 metric tonnes of the cleaner burning fuel at Odfjell Terminals Korea in Ulsan before embarking on its 21,500-kilometer maiden voyage toward Copenhagen, where she will be officially named in September.

As per the statistics published by Food and Agriculture Organisation (FAO) for the year 2021 India was the largest producer of Banana in the world accounting for 26.5 per cent of world banana production. As per the final estimates of 2021-22 Andhra Pradesh is a leading producer of banana in the country with estimated production of 56.84 lakh tones

The bad news for France’s CMA CGM, the world’s third-largest ocean carrier: Profits continue to slide. The good news: The company is still raking in over a billion a quarter, net profits and revenue per container are still well above pre-COVID levels, and it still has a huge cash cushion courtesy of its boomtime windfall. CEO Rodolphe Saade recently said that “performance remains robust” despite “difficult market conditions” amid “further normalization” of shipping rates.

LONDON -- Despite mounting pressure to tackle greenhouse gases and limit global warming to 1.5 C above pre-industrial levels, China and others opposed a stricter target to curb carbon output from shipping and instead agreed on Friday to bring the industry's emissions to net zero "by or around" 2050. At the conclusion of a five-day meeting of the International Maritime Organization, 175 countries and regions accepted interim targets to cut emissions by at least 20%, although the aim is for a 30% reduction by 2030 from 2008 levels, and at least 70% -- but aiming for 80% -- by 2040.

The NPK Plant, which is being built in the Santivañez Industrial Park in Cochabamba, will cover up to three times the demand for fertilizers in the country, including nitrogen, phosphate, potassium, and with two or three fertilizer elements (nitrogen, phosphorus and potassium). According to the National Statistics Institute (INE), Bolivia imported 17,981 tons of fertilizers last year for a value of US$ 31 million.

We feel that it is time to share with you the latest developments on the inclusion of shipping into the European Union Emissions Trading System (EU ETS), and the likely cost impact of compliance: By vote of the EU parliament , all shipping in and out of Europe will finally become part of EU ETS as from January 2024 as part of the EU Fit - for- 55 package.

Maersk has secured green methanol for the maiden voyage of the world's first methanol-enabled container vessel. Achieving this green fuel milestone is significant for the company and the industry's efforts to reduce greenhouse gas emissions. The Danish company signed a deal with Dutch producer OCI Global to deliver green1 bio-methanol for the maiden journey.

Meteorologists announced that an early bird El Niño has officially formed, likely to be strong, warp weather worldwide, and give an already warming Earth an extra kick of natural heat. The National Oceanic and Atmospheric Administration on June 8 issued an El Niño advisory, announcing the arrival of the climatic condition. It may not entirely be like the others.

Evergreen Marine Corp. (Evergreen) announced the purchase of 1,000 Star Cool reefer units from Maersk Container Industry. The order includes the equipment of the Sekstant monitoring system that offers transparent and convenient control for the commercial operation of the Taiwanese shipping company. Evergreen first ordered Star Cool reefer containers from Maersk Container Industry in 2020 and has continued to expand its fleet with such equipment across its global operation ever since.

OCEAN Network Express has announced plans to install telematic devices across its reefer fleet. The devices would allow ONE to monitor conditions in reefer containers, such as temperature and humidity. One said the telematic devices would also improve its decision-making around cargo handling and enable it to provide more detailed information about the condition of the cargo.

Banana selling prices in St Petersburg were around USD 15.25 down from USD 16.80 per box CIF according to brand, quality, and volume. Prices dropped rapidly because of large volumes of yellow bananas and other quality problems with the fruit at the port. Consequently, demand was almost absent. According to local traders, there were cases where the percentage of yellow fruit was up to 50% of the fruit received.