News

Greek PM Tsipras set for Beijing visit to resolve Pireaus port sale issues

Greece’s Prime minister Alexis Tsipras is set to visit Beijing early July provided a number of outst...

DP World Wins Concession Agreement for Greenfield Port in Ecuador

**Deep water facility to serve Guayaquil city and Ecuador hinterland
$500 million for Phase 1 with...

Report: Iran Ordering USD 2.4 Bn Worth of Ships in Korea

**Iran has been linked to shipbuilding orders worth up to USD 2.4 billion at South Korean yards, pro...

Seoul earmarks $9.5bn to save its maritime industries

Seoul waded in to save its beleaguered shipbuilding and shipping sectors in a dramatic and controver...

Port of NY & NJ Confirms Capability to Handle Larger Vessels

On June 7, officials at the Port Authority of New York and New Jersey confirmed that the Port of New...

NOL did not adapt fast enough, says CEO

Without the scale necessary to compete on costs, the best choice was to sell, he says

Neptune O...

Yilport to acquire chemicals port company

“Turkish port operator Yilport Holdings AS is acquiring chemicals and petrochemicals storage and port company Solventas for over $200 million.” For more details, please see the original article at American Shipper. Source: American Shipper

Temasek and its affiliates tender their NOL shares to the offer, bringing CMA CGM’s stake in NOL to 78.07%*

*NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION...

HMM strikes charter rate cut deal with owners

Hyundai Merchant Marine (HMM) has pulled off a deal with owners of its chartered ships to cut charte...

Alphaliner: CMA CGM, PSA Singapore to Join Forces

**French container shipping major CMA CGM and PSA Singapore Terminals are planning to establish a jo...

Hapag-Lloyd: Mediterranean America Service (MAS) – Service Termination

Further to our CustomerInfo of April 29, 2016 about the additional call of Port Everglades by Medite...

Seoul financial watchdog refuses to rule out HMM/Hanjin merger

A mega merger story that refuses to die down has reemerged in South Korea today. Lim Jong-ryong, cha...

Henriette H. Thygesen to be CEO of Svitzer

**Henriette H. Thygesen, currently Damco CEO for the Americas, has been appointed CEO of Svitzer wit...

CMA CGM to Delist NOL, But Support Singapore as Shipping Hub

PARIS, June 13 (Reuters) – French container shipping firm CMA CGM plans to delist Neptune Orient Lin...

Port of Piraeus Shareholders Okay Cosco’s Concession Deal

**China’s port operator Cosco Group (Hong Kong) Limited has received approval for a new concession a...

NOL appoints new Chief Executive Officer and Chief Financial Officer

SINGAPORE, 14 June 2016 – The NOL Board, chaired by Mr Rodolphe Saadé, today named Mr Nicolas Sa...

Incheon Port to Launch Regular Container Service Connecting the Middle East

[June. 14th, 2016. Incheon, Korea] A regular container service connecting Incheon Port directl...

South Korea to Consider Merging HMM and Hanjin Shipping

**South Korean shipping company Hyundai Merchant Marine (HMM) and its compatriot Hanjin Shipping cou...

CMA CGM and PSA to create a container terminal joint venture in Singapore

CMA CGM S.A. (CMA CGM) and PSA Singapore Terminals Pte. Ltd. (PSA) will form a joint venture company...

DSME’s Orderbook Still Ranked First

**South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) stayed at the to...

Neptune Lines Adds Service in Middle East

**Greek shipping company Neptune Lines has decided to launch a short sea vehicle transportation serv...

Cosco Pacific proposes name change to Cosco Shipping Ports

Container terminals operator Cosco Pacific Limited has proposed to change its name to Cosco Shipping...

New Priok container terminal “hopefully” to start operations on 15 July

Indonesian state-owned port operator Pelindo II has finally declared it plans to start full operatio...

Wan Hai in for eight Japanese newbuilds

Taiwan’s Wan Hai Lines has signed for eight 1,900 teu ships at Japanese yard Naikai Zosen. The ships...

Liner exec calls for staff skills drive – “shipping salespeople might as well be Lidl cashiers”

**Container shipping lines will never be able to return to sustainable profitability unless they sto...

Hyundai Merchant Marine in talks to join 2M

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A.P. Møller – Mærsk A/S — Søren Skou appointed new CEO of Maersk Group

[![160622 - soeren-skou-big](https://app.eesea.com/news/wp-content/uploads/160622-soeren-skou-big.jp...

Bronson Hsieh leaves Evergreen to head Yang Ming

Bronson Hsieh, Evergreen Group vice chairman, has been appointed chairman of rival Taiwan carrier Ya...

Inauguration of expanded Panama Canal ushers in new era of global trade

  • Sentiment High as 170 Reservations Received, Including First LNG Transit;
  • *Panama, Maritime Sh...

Drewry: HMM Joining 2M Suggests Hidden Agenda

**Financially troubled Hyundai Merchant Marine (HMM) is in talks with 2M carriers Maersk Line and MS...

Maersk Oil to leave Qatar in 2017 following Al Shaheen decision

In July 2015 Qatar Petroleum (QP) invited a number of international oil companies to participate in...

CMA CGM crosses 90% ownership threshold in NOL and intends to delist the company from the SGX-ST

Marseille (France), June 27, 2016 – CMA CGM S.A. (CMA CGM) today announces that it has crossed t...

Bankruptcy looms over DSME

A September bankruptcy hangs over embattled giant Korean yard Daewoo Shipbuilding & Marine Engineeri...

Hapag-Lloyd agrees merger terms with shipping peer UASC

[HL](https://app.eesea.com/news/wp-content...

Zim could join HMM in 2M as shipping alliance eyes transpacific marketshare grab

[ZIM](https://app.eesea.com/news/wp-conte...

UASC shareholders unanimously approve proposed merger with Hapag-Lloyd

During an Extraordinary General Meeting (EGM) that was held earlier today at the United Arab Shippin...

COSCO Says Piraeus Port Sale Terms Inconsistent With Deal

ATHENS, June 29 (Reuters) – COSCO Greece objected on Wednesday to terms submitted to parliament for...

EURAF 2 service to change rotation

**In an effort to continue enhancing its service reliability, CMA CGM is pleased to announce the por...

Ship Photos – Real Viking Ship Completes North Atlantic Crossing

![Draken_1 (1)](https://i2.wp.com/gcaptain.com/wp-content/uploads/2016/06/Draken_1-1.jpg?resize=800%...

APM Terminals to Acquire Full Ownership of APM Terminals-Aarhus A/S from Aarhus Service Holding A/S

**Aarhus Service Holding A/S has sold its 40% share in APM Terminals-Aarhus A/S to its JV Partner si...

G6 Alliance announces service adjustments between Asia and North America

**Customers benefit from several enhancements / AZX service to include additional Halifax call / Sho...

Hyundai Merchant Marine Is to Expand Its FE – Middle East Service…Expected to Win Biggest Market Share

Hyundai Merchant Marine (HMM) has announced today that the company is expected to have the largest m...

CSCL changes direction, to be named Cosco Shipping Development

China Shipping Container Lines (CSCL) has announced that the board has proposed to change the compan...

DSME collapse likened to Enron

The decline and fall of Daewoo Shipbuilding & Marine Engineering (DSME) has been compared to the ban...

NEW SERVICE: Bengal Bridge Express into HALIFAX

Dear Valued Customer,

CMA CGM Canada is pleased to announce the opening of our new Bengal Bridge Ex...

China COSCO Shipping Will Spend 500 Million Euro Upgrading Piraeus Port

ATHENS, July 6 (Reuters) – China COSCO Shipping will invest up to 500 million euros ($553.10 mil...

Cosco Piraeus port deal finally signed

Last weekend Greek Prime Minister Alexis Tsipras headed off for a state visit to China after a frene...

Maersk, HMM deny merger speculation

**“Both carriers have refuted analyst reports that industry leader Maersk Line intends not just to b...

CMA CGM to upgrade its EURAF 5 service

**CMA CGM Group is pleased to announce the strengthening of its coverage of Europe to West Africa wi...

CMA CGM to upgrade its EURAF 4 service

**In a continued effort to provide increased reliability and quality service in a challenging enviro...