Background
ONE, a major player in the global container-shipping industry, held earlier profit expectations which it has now revised downward.
What Changed
The company has halved its projected full-year profit to US$ 310 million as it faces deteriorating market conditions and persistent disruptions in global trade venues.
Why This Matters
Background & Significance
CMA CGM — a leading global shipping company — has commissioned six LNG-powered container ships from Cochin Shipyard, India. This is the first time an international liner has ordered LNG dual-fuel container vessels built in India, marking a milestone in both CMA CGM’s green agenda and the Indian shipbuilding industry.
Incident Overview
During offloading operations at Pier G, approximately 75 containers toppled from the container ship Mississippi (chartered to ZIM, on its ZEX transpacific service). Some of the fallen containers struck a clean-air barge moored alongside, causing structural damage.
Fuel Leak & Containment
One of the tanks on the damaged barge was leaking about 2,000 gallons of renewable diesel. Authorities report that the leak has now been secured.
Salvage & Recovery Efforts