Maersk increased its profit by 20% in the second quarter. The Ocean segment was the main driver of this growth, adding $2 billion to its revenue.
EBITDA increased from $2.3 billion to $3 billion, while operating profit (EBIT) increased from $845 million to $1.6 billion.
Transport volumes in the Ocean segment grew by 4.1%, primarily driven by exports from Asian ports. The average container load rate increased by 22%, and vessel utilization remained at 96%.
The Panama Canal Authority has announced an immediate increase in the maximum authorized draft for vessels transiting the Neopanamax locks to 49 feet (14.94 meters) of Tropical Fresh Water.
The adjustment is a crucial step toward restoring regular operations after the canal’s extended period of restricted capacity due to last year’s severe drought.
The Canal Authority’s decision is based on the current and predicted water levels in Gatun Lake.
Aker BP, a Norwegian oil and gas company, has installed a new 90-meter-long jacket in the North Sea, facilitated by Heerema Marine Contractors’ semi-submersible crane vessel (SSCV), the world’s largest of its kind.
The installation is a crucial step in a development project to extend the life of the Valhall oil field on the Norwegian Continental Shelf (NCS) for another 40 years.
New reserves are estimated at 230 million barrels of oil equivalent.
The newly established International Maritime Cyber Security Organization (IMCSO) began its operations on June 18, 2024.
Its goal is to improve cybersecurity risk assessment across the maritime industry.
The initiative is in response to increased cyber risks in the maritime sector and aims to accelerate and improve cybersecurity measures onboard vessels.
IMCSO has implemented a comprehensive certification programme for security consultants and created a professional register to help shipping companies hire qualified professionals.
This initiative will ensure the maritime industry can identify and employ qualified cybersecurity personnel, addressing the sector’s current approaches.
