Shipping

Compañía Sudamericana de Vapores (CSAV), part of Grupo Luksic, reported profits of US$213.1 million for 2025, down 45% from 2024. The decline stems mainly from lower results at its key investment Hapag-Lloyd, due to reduced freight rates and higher operating costs.

March 18, 2026 Reported by AI

Cosco Shipping Ports, a unit of state-owned Cosco Shipping, reported a 1.1 per cent rise in net profit for 2025. Executives expect limited overall impact from recent military conflicts involving the US, Israel and Iran. The firm will closely monitor Middle East developments and explore alternatives.

Ethiopia's state-owned shipping company has become a standout enterprise in the market. However, its latest results highlight a policy dilemma as dollar targets slip.

January 27, 2026 Reported by AI

A car carrier caught fire in its engine room shortly after departing Emden. The crew contained the blaze, and responders fully extinguished it without injuries or environmental damage. The vessel was safely towed back to Emden harbor.

The Suez Canal on Saturday saw the passage of the CMA CGM BENJAMIN FRANKLIN, the largest container ship to transit the waterway in two years, signaling a positive return of traffic to the vital trade route. Admiral Osama Rabie, chairperson of the Suez Canal Authority, described it as the start of giant ships resuming operations. The vessel was part of a northbound convoy from the United Kingdom to Malaysia.

November 03, 2025 Reported by AI

GPS disruptions have increased over the past year in the Baltic Sea, affecting both shipping and air traffic. The Swedish Maritime Administration is developing a new navigation system based on ground stations to counter the issues. The system will be less vulnerable but not as precise, according to expert Johan Winell.