Mosaco Shipping

Hapag-Lloyd Alerts Customers: EU ETS Surcharge Set to Surge by 100%

Hapag-Lloyd has informed its customers that the existing EU ETS surcharges are expected to “roughly double” starting January 1st, as the scope of the EU Emissions Trading System (EU ETS) expands. The company explained that this increase will be driven by the higher emissions costs resulting from the EU ETS’ expansion, as well as the […]

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Saudi Arabia Unveils New Shipping Route: ‘Arabian Gulf-India’ Service

Folk Maritime Services Company, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), has launched a new regional shipping route, the “India-Arabian Gulf Service.” This route connects key GCC ports, including Dammam and Umm Qasr, with major commercial ports in India, such as Nhava Sheva and Mundra. The inaugural vessel for this service, the “Asterius,” […]

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Hapag-Lloyd- Maersk Upgrades Earnings Outlook Amid Strong Demand and Market Challenges

Hapag-Lloyd has revised its earnings forecast for 2024, following the lead of its upcoming Gemini Cooperation partner, Maersk. The German shipping line attributes this upward adjustment to stronger-than-expected demand and improved freight rates. In its preliminary figures for the first nine months of 2024, Hapag-Lloyd reported an EBITDA of approximately USD 3.6 billion (EUR 3.3 […]

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Dubai Customs Unveils the ‘Airbnb for Warehouses’ Platform to Transform Warehouse Leasing

Revolutionizing Warehouse Leasing in the UAE Dubai Customs is excited to announce the launch of an innovative digital platform, likened to the ‘Airbnb of warehouses.’ Unveiled at Gitex Global 2024, this platform is designed to streamline the registration and leasing process for various warehouse types, from dry storage to climate-controlled facilities, all through a centralized […]

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Charting a Smarter Maritime Future: Embracing AI to Navigate the Digital Seas

The maritime industry stands on the brink of a technological revolution. As one of the oldest forms of global transportation, shipping has historically lagged in adopting new technologies. However, the rise of artificial intelligence (AI), advanced analytics, and enhanced connectivity is ushering in a transformative era that promises to redefine maritime operations. The Imperative for […]

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DP World Boosts Capacity and Customer Experience with Acquisition of 47,000 TEU

DP World has announced the acquisition of 47,000 TEUs (Twenty-foot Equivalent Units) that are now registered and branded under the company. This strategic move significantly enhances DP World’s cargo capacity, allowing for a more agile response to customer needs. The addition of these containers ensures seamless access to vital container capacity, empowering customers to maintain […]

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Alexandra Maersk Named as Maersk’s Fifth Large Methanol Containership

A.P. Moller – Maersk celebrated the naming of its latest dual-fuel methanol container vessel, Alexandra Maersk, today at the Port of Felixstowe, England. This 16,000 TEU vessel is the fifth in a series of innovative ships, reinforcing the company’s commitment to sustainable shipping. Mike Kane, the UK’s Maritime Minister, highlighted the significance of this vessel […]

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SEA-LNG Reports That LNG-Fueled Fleet Will Double With Upcoming Deliveries of Current Orders

SEA-LNG, an industry coalition, is emphasizing the rapid growth of LNG-fueled vessels within the global fleet and the ongoing investments from major shipping companies in this emerging sector. Established eight years ago, SEA-LNG advocates for LNG as a viable marine fuel option, highlighting significant advancements in addressing environmental concerns related to methane emissions. According to […]

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Houthi Attack On Tanker: Attempted Bomb Boat Explosion

Videos released from both the Houthis and the crew of the Cordelia Moon (163,288 dwt) provide stark contrasts in the narrative surrounding the recent attack on the tanker. The incident occurred on October 1 while the empty crude oil tanker was en route north through the Red Sea toward Suez, approximately 64 nautical miles from […]

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