NEWS
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Geely profits halved because of China's Covid restrictions
CHINESE automaker Geely said its profits had more than halved as a semiconductor shortage and Covid restrictions hit demand for vehicles and disrupted production, reports London's Financial Times.Pre-tax profits dropped 55 per cent to CNY1.3 billion (US$191 million) in the first six months of...
read moreMaersk rainbow container participates in Pride Festival and Parade
MAERSK's rainbow FEU participated in the Charlotte Pride Parade, according to Maersk.Maersk maintains a fleet of specially-painted rainbow containers that participate in DEI (diversity, equity, inclusion)events around the world.The rainbow containers have appeared in Pride events and parades ...
read moreNew shipping route from Ukraine Ports to shorten transit time
THE Joint Coordination Centre (JCC) announced a new route for merchant vessels involved with the three Ukrainian ports of Odessa, Chornomorsk, Pivdennyi/Yuzhny under the Black Sea Grain Initiative, reports Mumbai's Marine Insight.The new route is 320 nautical miles long and connects the three...
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