News

Chinese shipyard order volumes slump 75%

According to statistics released by China Association of the National Shipbuilding Industry (CANSI),...

Haniin Heavy and creditors agree new deal

South Korean shipyard Hanjin Heavy Industries & Construction will head into joint management with it...

CMA CGM to route ships on its PEX3 loop around Africa

**“The French ocean carrier appears to be participating in a recent trend by lines to skirt canal fe...

ZIM Q4 and Annual 2015 Results

Generated Adjusted EBITDA of $217 million, an 87% Increase over 2014

**Recorded an Operating Pr...

ACP Sets Inauguration Date for New Panama Canal

The Panama Canal Authority (ACP) announced Wednesday that the long-delayed inauguration of the Panam...

Hapag-Lloyd delivers 114 million Euro net profit in a challenging market environment

**Synergies, Cost-cutting programme and a more competitive fleet ensure successful year / Hapag-Lloy...

Australia launches bidding process for the Port of Melbourne

Australia’s Victoria state government has opened the bidding process for a 50-year lease of the Port...

DP World Eyes Piece of Russian Novorossiysk Container Terminal

**Dubai-headquartered port and terminal operator DP World and Russian Direct Investment Fund (RDIF)...

Evergreen, COSCO join Ocean3 Asia-Med loop

**“Ocean carrier Evergreen Line is joining the Ocean3 Alliance’s Phoenician Express/BEX2 as a vessel...

Hyundai Motor will not ride to HMM’s rescue

Hyundai Motor has steered clear of being drawn into any rescue package for ailing shipping line, Hyu...

Shipping Corp of India boss remains cautious

Shipping Corporation of India (SCI), the state-run line, has a very limited outlay for new vessels f...

Possible détente reached in Evergreen succession battle

The succession war at Evergreen Group might end soon as Chang Kuo-wei, the youngest son of the late...

APM Terminal’s TEC2 Wrapping Up Phase 1

**The phase I of the USD 900 million semi-automated deep-water Lázaro Cárdenas Terminal 2 (TEC2) pro...

IRISL returns to Northern Europe as sanctions are lifted

**“The national maritime shipping line of Iran resumed calls to North Europe this week with its Euro...

APMT prepares for Lázaro Cárdenas expansion

**“Global terminal operator APM Terminals said it’s moving forward with development of its new semi-...

PSA International Pte Ltd And Its Subsidiaries Results For The Year Ended 31 December 2015

[![Screen Shot 2016-03-21 at 12.30.11](https://app.eesea.com/news/wp-content/uploads/Screen-Shot-201...

CMA CGM bolsters West Africa position

**CMA CGM has dramatically built up its service offerings out of West Africa as well as rebranding m...

Seoul supports HMM restructuring

The PR firm working for Hyundai Merchant Marine (HMM) has contacted Splash to report that the South...

Islamic Republic of Iran Shipping Lines IRISL resumes its container liner service to Northern Europe

**With the call by the AZARGOUN in Hamburg on 17 March 2016, IRISL – Islamic Republic of Iran Shippi...

China Slowdown Not Holding Back Nicaragua Canal, Contractor Says

  • Construction of fuel terminal, wharf set to start in August
  • **HKND is considering debt and e...

DP World announces strong financial results

PS grows 31% in 2015 driven by EZW acquisition and robust like-for-like growth

**Dubai, United...

NileDutch takes over Safmarine MPV

**NileDutch, the West Africa specialist containerline, has announced the acquisition of the Europe t...

More space for container trade growth through Melbourne with DP World Australia expansion

**DP World Australia’s new 30,000 sqm Melbourne terminal expansion, at the former Bentley Chemplax s...

China Merchants appoints Zhao Huxiang as vice president

**China Merchants Group has announced that it has appointed Zhao Huxiang, president of Sinotrans & C...

Jakarta now seen partly funding West Java port project from State budget

**In a somewhat confusing policy flip flop, local media reported that the Indonesian government is s...

Yang Ming to Bolster Ties with RCL

**Taiwanese carrier Yang Ming Marine Transport Corp has partnered up with Thai counterpart Regional...

Port of Sohar expands container terminal

The Port of Sohar is expanding with four new post-panamax quay cranes for its Oman International Con...

Panama Maritime Authority tables ship financing bill

**Alvaro Aleman Minister of the Presidency and chairman of the board of directors of the Panama Mari...

Evergreen feud takes off as Chang Kuo-wei removed as EVA Airways chairman

**The succession war at Evergreen Group continues to escalate as Chang Kuo-wei, the youngest son of...

MSC changes terminal in Umm Qasar

**MSC is pleased to announce a change of terminal provider in Umm Qasr. Effective from 20th March 20...

DP World to set up Indian holding company with IPO in mind

Dubai terminal operator DP World has been allowed by New Delhi to open an Indian holding company for...

Global Ports Investments 2015 Full Year Results

**Global Ports Investments PLC (“Global Ports” or the “Company”, together with its subsidiaries and...

Port of Mombasa Gets Second Container Terminal

The Port of Mombasa has boosted its container handling capacity by 50 percent following the completi...

DSME to let go of 12,000 staff

**Financially struggling Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) will slash its...

APM Terminals Completes Acquisition of Grup Maritim TCB

The Hague, Netherlands – APM Terminals has completed the USD 1 billion acquisition of Spanish Gr...

Hanjin and HMM told to reduce debts if they want to access state funds

Korean authorities will turn the taps off leading lines until they bring their extraordinary debts u...

Gulftainer Registers 4% Growth in Container Volume across Global Portfolio in 2015

  • **Recording impressive 9% spike in container volume, company’s UAE terminals in Khorfakkan and Sha...

MSC to upgrade its South Africa service with direct call at Hazira

**MSC would like to inform customers that we have strengthened our coverage on our South Africa serv...

DP World Looking to Boost Investment in Thailand

**Dubai’s port operator DP World is exploring investment opportunities in Thailand including those i...

Port of Salalah signs MOU with Iranian ports

“The Omani port signed a memorandum of understanding with two Iranian ports to facilitate trade growth between the two nations.” For more details, please see the original article at American Shipper. Source: American Shipper

Cambodia speeds up port developments as exports soar

**Growing export powerhouse Cambodia is speeding up port development and looking for foreign investo...

Contship Italia looks at Leghorn boxport project

This year will be a crucial year for Contship Italia’s new strategies in Italy. Following a 2015...

ICTSI full year profit dragged down by one-time charges

**Port operator International Container Terminal Services, Inc. (ICTSI) has posted a big drop in 201...

CMA CGM’s 2015 results and margins remain firm in a difficult environment

**• Strong 6.3% volume growth, largely outpacing the market
• EBIT margin and net profit virtually...

Orient Overseas (International) Ltd Announces 2015 Full Year Results

• Group Revenue US$5,953 million

• Group Operating Profit of US$353 million

**• Profit Att...

Malacca Strait transits grow 2% to record in 2015, boxships see dip in H2

**The number of vessels transiting the Malacca Strait grew to 2% in 2015 to hit a new all time high,...

DSME Suffers USD 4.3 Bn Loss in 2015

**South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) posted a KRW 5.1...

Korean shipbuilding orderbook slides to 10-year low

The order backlog at South Korean shipyards has fallen to its lowest level in 10 years, according to...

Hyundai Group chair quits HMM role as shares take another massive hit

**Shares in beleaguered Hyundai Merchant Marine (HMM) plunged 21% in Seoul today on news that the li...

IRISL Seals Cooperation Deal with PIL

**The Islamic Republic of Iran Shipping Line (IRISL) has penned a Memorandum of Understanding with S...

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