News

Crowley Launches New Direct, Weekly Shipping Service from Puerto Plata to Port Everglades

Friday May 18th 2018

(PORT EVERGLADES, Fla.; May 17, 2018) – To better serve customers shipping from the Dominican Republic to South Florida, Crowley Maritime Corp.’s liner services group announced today that it has launched a new direct, weekly shipping service from Puerto Plata to Port Everglades, Fla. Crowley is the only ocean carrier that provides a direct shipping […]

Read more

Yang Ming Wins Best Shipping Line – Intra-Asia Award

Friday May 18th 2018

Yang Ming Marine Transport Corp. (Yang Ming), widely recognized as an excellent shipping service provider, has once again won the “Best Shipping Line – Intra-Asia” award of 2018 Asian Freight, Logistics & Supply Chain Awards (AFLAS), at a ceremony held in Shanghai on May 15th, 2018. President T.S. Chia represented Yang Ming to receive the […]

Read more

Maersk CEO: Our Q1 Result Was Unsatisfactory

Friday May 18th 2018

“The first quarter performance of Danish transport and logistics major A.P. Moller – Maersk was unsatisfactory, especially in the ocean-related part of the business, the group’s CEO Søren Skou said.” For more, see the original article on World Maritime News. Source: World Maritime News (LF)

Read more

Market Insight: The potential for another Hanjin is still there, right?

Thursday May 17th 2018

“It is no surprise that Maersk CEO Soren Skou recently urged governments to stop subsidising shipping lines, and it’s pretty obvious why he did that, I reckon: the potential for another Hanjin is there, right?” For more, see the original article on The Loadstar. Source: The Loadstar (LF)

Read more

A.P. Møller – Mærsk A/S begins 2018 with strong revenue growth however…

Thursday May 17th 2018

In Q1 2018, A.P. Moller – Maersk had a revenue growth of 30% to USD 9.3bn, 10% excluding Hamburg Süd, with growth in all business segments and a strategic transformation well underway. A.P. Moller – Maersk reiterates its expectations for 2018 of an underlying profit above 2017 (USD 356m), however noting increased uncertainties due to […]

Read more

HHLA Makes Good Start to 2018

Thursday May 17th 2018

“German terminal operator Hamburger Hafen und Logistik AG (HHLA) handled 2.6 percent more containers in the first quarter of this year, compared to the corresponding period last year.” For more, see the original article on World Maritime News. Source: World Maritime News (LF)

Read more

MSC first carrier to withdraw Iran services as US gets set to reimpose sanctions

Thursday May 17th 2018

“The move followed Donald Trump’s decision to pull the US out of the joint comprehensive plan of action (JCPOA), more commonly known as the Iran nuclear deal.” For more, see the original article on The Loadstar. Source: The Loadstar (LF)

Read more

HMM and PSA Increase Stake in Busan Terminal

Thursday May 17th 2018

“South Korea’s shipping major Hyundai Merchant Marine and terminal operator PSA International have entered into an agreement to increase their stake in a Busan terminal.” For more, see the original article on TWorld Maritime News. Source: World Maritime News (LF)

Read more

Investors Worry as Major Box Lines Still Falter on Strategy for Low-Sulphur Fuel Regs

Wednesday May 16th 2018

“Investors are increasingly concerned that, with only 18 months to go until the IMO’s 0.5% sulphur cap regulations, container lines still have no clear strategy on how they will comply, and how the change will be paid for.” For more, see the original article on gCaptain. Source: gCaptain (LF)

Read more

Port of Antwerp Exploring Carbon Capture to Help Fight Climate Change

Tuesday May 15th 2018

“The Port of Antwerp is looking into the possibility of using carbon capture as one way of helping fight against climate change by reducing greenhouse gas emissions at Europe’s second busiest port.” For more, see the original article on gCaptain. Source: gCaptain (LF)

Read more

Port of Oakland cargo volume up 2.9 percent from a year ago

Tuesday May 15th 2018

Best April for imports in Port’s 91-year history Oakland, Calif. – May 14, 2018: The Port of Oakland’s total cargo volume is up 2.9 percent over the same period a year ago. The Port today reported that terminals handled 791,371 TEUs between January to April 2018. A TEU is the equivalent of one container that […]

Read more

ZIM Appoints Xavier Destriau As Chief Financial Officer

Tuesday May 15th 2018

ZIM Integrated Shipping Services Ltd. announced today that the Company’s Board of Directors has appointed Xavier Destriau as the company’s new CFO, effective June 15, 2018. He will be replacing Acting CFO, Mr. Yohai Benita, who has completed his position at ZIM. Xavier Destriau has worked at CMA CGM for 10 years and has served […]

Read more

Port of Long Beach: April Cargo Rises Nearly 11 Percent

Tuesday May 15th 2018

Container count through first four months surpasses record 2017 Four months into 2018, the Port of Long Beach has moved 2.5 million twenty-foot equivalent units, an amount more than 17 percent above last year’s record pace. In April, dockworkers handled 618,438 twenty-foot equivalent units (TEUs), a 10.8 percent increase above the same month last year. […]

Read more

Hapag-Lloyd Delays Recovery Hopes to Second Half of Year

Tuesday May 15th 2018

“German container shipping line Hapag-Lloyd reported a higher net profit and operating result in the first quarter of 2018 on Monday, citing better transport volumes, but said earnings improvements would mostly be made in the second half.” For more, see the original article on TgCaptain. Source: gCaptain (LF)

Read more

Drewry: North America-ECSA Demand to Rise in 2018

Tuesday May 15th 2018

“Demand in the North America-East Coast South America container trade is expected to see gradual improvement during 2018, shipping consultancy Drewry said.” For more, see the original article on World Maritime News. Source: World Maritime News (LF)

Read more

Yang Ming Reports Its Financial Status for 2018 Q1

Monday May 14th 2018

Yang Ming Marine Transport Corporation (Yang Ming) held its 331st Board Meeting on 11th May to approve its Q1 financial report of 2018. The consolidated revenues of Q1 totaled NTD 31.03 billion (USD 1.07 billion), up 2.58% compared with NTD 30.25 billion (USD 1.04 billion) in revenue from previous year. The company’s net loss, after […]

Read more

OOCL Honored with HKAEE Gold Standing and Recognized for Outstanding Green Leadership

Monday May 14th 2018

OOCL is proud to have received the 2017 Hong Kong Awards for Environmental Excellence (HKAEE) Gold Award in the Transport and Logistics Sector category at a ceremony held at the Hong Kong Convention and Exhibition Centre on 4 May, 2018. Recognized by the community as one of the most prestigious and reputable environmental award schemes […]

Read more

Top Container Shipping Lines Reviewing Iran Operations

Monday May 14th 2018

“The world’s top two container shipping groups Maersk Line and MSC are reviewing their Iran operations after the United States withdrawal from the international nuclear agreement with Tehran.” For more, see the original article on gCaptain. Source: gCaptain (LF)

Read more

Yang Ming Forms Overseas JV with Compatriots

Friday May 11th 2018

Taiwanese shipping company Yang Ming has signed a Memorandum of Understanding (MoU) with compatriot shipping and port industry companies to establish an overseas joint venture company. For more, see the original article on World Maritime News. Source: World Maritime News (LF)

Read more

APL Further Reduces Fleet Carbon Emissions in 2017

Friday May 11th 2018

APL today announced a 50.7% reduction in carbon dioxide emissions per transported container per kilometer in 2017, compared to its base level in 2009. This achievement marks APL’s eighth consecutive year of improved environmental performance, as reported in the Business for Social Responsibility’s Clean Cargo Working Group (CCWG) Environmental Performance Assessment (EPA) of APL’s 2017 […]

Read more

Vietnam’s Haiphong Deepwater Port Ready for Business

Friday May 11th 2018

“The Lach Huyen International Gateway Port in Haiphong, Vietnam, will commence operation later this month.” For more, see the original article on Maritime Executive. Source: Maritime Executive (LF)

Read more

Port of Gothenburg presents Q1 freight figures

Thursday May 10th 2018

Container volumes rose by three percent during the first quarter of the year, up from 184,000 to 188,000 TEU. The number of cars shipped rose by 20 percent, whilst intra-European ro-ro units and energy products increased by five and three percent respectively. The figures are taken from the Port of Gothenburg’s recently published Q1 volume […]

Read more

ICTSI Announces First Quarter 2018 Results

Thursday May 10th 2018

Net Income at US$44.1 million, down 15% Volume and EBITDA rise to new all-time highs Revenues grow to new first quarter record International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the quarter ended March 31, 2018 posting revenue from port operations of US$325.4 million, an increase of nine percent over […]

Read more

Sri Lanka Ports Authority posts net profit growth

Thursday May 10th 2018

“The Sri Lanka Ports Authroity (SLPA) posted a revenue of Rs45.6bn (US$289.56m) in 2017, with net profit growing from Rs1.03bn (US$8.26m) in 2016 to Rs13.3bn (US$84.46m).” For more, see the original article on Container Management. Source: Container Management (LF)

Read more

COSCO Shipping Dismisses Another Dormant Business

Thursday May 10th 2018

“COSCO Shipping International (Singapore) has decided to dissolve a defunct subsidiary, namely Sanbo Shipping Limited, by deregistration.” For more, see the original article on World Maritime News. Source: World Maritime News (LF)

Read more