News

Maersk lays-up a Triple-E as winter nears and idled tonnage closes on a million teu

**The withdrawal of services during the winter slack season will, in the next few weeks, propel laid...

Maersk Line Still Undecided about 14000TEU Boxship Option

**Danish container shipping giant Maersk Line has not decided yet whether it would order additional...

China Cosco posts Q3 loss, China Shipping rings up profit in third quarter

China’s two big shipping giants report vastly divergent earnings for the third quarter

China’s...

CSCL Wants to Charter Up to 11 21,000-TEU Giants

**China Shipping Container Lines Company Limited (CSCL) revealed its plan to bareboat charter up to...

CSCL Takes Six 21000 TEU Newbuildings on Bareboat Charter

**Shanghai-based container carrier China Shipping Container Lines (CSCL), part of China Shipping Gro...

Talk ended on HMM, Hanjin merger, for now

**Hyundai Merchant Marine on Friday completed a 247.5 billion Korean won ($216.1 million) permanent...

APM Terminals announces Multipurpose Terminal JV at Qingdao Port

**New multipurpose terminal in Qingdao’s Dongjiakou Port with two deep water berths set to begin ope...

ICTSI’s Revenue Takes a Hit in 3Q

**Manila-headquartered container terminal operator International Container Terminal Services, Inc. (...

Port Metro Vancouver Shortlists 5 Potential Operators of Roberts Bank Terminal 2

**Canada’s Port Metro Vancouver has shortlisted five candidates out of more than ten companies and c...

APM Terminals signs MOU with Qingdao Port Group for Vado, Italy

  • Agreement marks first overseas project in Qingdao Port’s international development.

**The Hag...

Maersk Line accelerates efficiency initiatives as response to market outlook

04 November, 2015

![20151104ML](https://www.maersk.com/~/media/pressrelease/unified/2015/11/m...

Maersk Line Shelves Optional Newbuilds

**Danish container shipping giant Maersk Line does not plan to exercise the previously announced opt...

CKYHE Alliance Cuts Asia – North Europe and Mediterranean Voyages

**The CKYHE Alliance of Asian container lines will cancel a total of 9 voyages on their current Asia...

Significant New Mega-Ship Facility Opens at Port of Felixstowe

**The Berth 9 Extension at the Port of Felixstowe, the Port of Britain, has been opened by Dr Theres...

Maersk Interim Report Q3 2015 Press Release

![cover_maersk-press-release](https://www.maersk.com/~/media/pressrelease/images/2015/11/cover_m...

Bloomberg: CMA CGM & Maersk Said in Talks to Buy Singapore Shipper Neptune Orient

  • French company makes preliminary offer for Temasek-backed firm
  • A.P. Moeller-Maersk also in discu...

Hapag-Lloyd Rings the Stock Exchange Bell

**The shares of the German container line Hapag-Lloyd AG have today started trading on the Frankfurt...

Hanjin-Hyundai merger needs further study, Seoul says

SINGAPORE — South Korea’s Ministry of Oceans and Fisheries has clarified its position with regar...

NOL Confirms Takeover Talks with Maersk and CMA CGM

**Singapore-based container shipping company Neptune Orient Lines Limited (NOL) is in preliminary di...

Port of Rotterdam to Raise Tariffs in 2016

**The tariffs which visiting sea-going vessels pay in the port of Rotterdam will increase by 0.5% ne...

One Dead, Seven Injured in Fire at DSME’s Okpo Yard

**A shipyard worker was killed and seven were injured in a fire that broke out at a Daewoo Shipbuild...

Costamare Partners Gives Up on IPO Plans

**Athens-based containership owner Costamare Partners LP, a wholly-owned subsidiary of Costamare Inc...

Maersk Line: Optimizing Far East / South East India Network

**Maersk Line is enhancing the Far East / South East India network with the introduction of two new...

Panama Canal Scrambles to Meet Unseasonable Demand

**The Panama Canal has postponed non-critical maintenance work at the locks, modified its booking sy...

Hapag-Lloyd: Third consecutive profitable quarter

In the third quarter of 2015, Hapag-Lloyd recorded higher transport volumes, revenue and significant...

Eleven Port Giants Want to Bid for Panama’s Port of Corozal

**A total of eleven of the world’s largest port operators have formally expressed interest in partic...

Idle Boxship Fleet Passes 1 Millon TEU Mark

**The global fleet of containerships above 500 twenty-foot-equivalent units made idle has breached t...

Singapore port handles lower box volumes in October

The port of Singapore has recorded a dip in container throughput in October compared to the year-ago...

Hanjin Shipping Falls as Credit Rating Cut One Level to BB+

  • Korea Ratings cites delayed earnings recovery, sluggish market
  • Container freight rates fell to f...

BCG Launches Platform That Could Save the Container Industry Billions of Dollars

**With Its New Web Platform, xChange, The Boston Consulting Group Aims to Make It Cheaper and Easier...

Hyundai Merchant Marine descends into loss as ‘working capital deficit’ persists

**Hyundai Merchant Marine (HMM) announced a third-quarter loss on 17 November amid ongoing speculati...

STX Offshore seeks 800 layoffs by 2016

**Cash-strapped STX Offshore & Shipbuilding has proposed drastic restructuring measures to its labor...

Cosco-China Shipping Group Merger Approval Expected by January

**China’s shipping giants plan to create the fourth-largest container line, a deal that could touch...

Rickmers Group: Operating result in the first nine months of 2015 confirms positive outlook for the full financial year

**Revenue grows by 7.4 percent to € 439.7 million | Operating result (EBITDA) rises by 27.4 percent...

Ericsson and Inmarsat sign a strategic agreement that will transform the future of the connected ship

**Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communications services and...

Results for the third quarter and first nine months of 2015: CMA CGM reports net profit in a challenging market

  • **Volumes up to 3.3 million TEUs in the third quarter and 9.7 million TEUs in the first nine month...

CMA CGM enters into exclusive discussions with Neptune Orient Lines Ltd

**CMA CGM confirms that it has entered into exclusive discussions with Neptune Orient Lines Limited...

Ocean carriers adjust massive Europe-Oceania-Asia loop

**“CMA GM, Hapag-Lloyd and ANL will change the rotation of their joint NEWMO/EAX service, which curr...

PortMiami October box volume rises 11.6%

**“Port of Miami Terminal Operating Company, the only non-carrier affiliated terminal, saw its volum...

Evergreen Bags Ten More

**Taiwanese shipping company Evergreen is ordering ten 2,800 TEU container ships from Japanese shipb...

PSA Panama International Terminal Makes Way for Mega Ships

**PSA Panama International Terminal has started works for the future 2 million-TEU (20-foot equivale...

HKND Shelves Nicaragua Canal Construction

**The beginning of the key construction stage of the USD 50-billion Nicaragua Interoceanic Grand Can...

ZIM Stays in Black despite Historic Low Rates ZIM Hit by Historic Lows in Shippingzoom

**Israeli container shipping company ZIM reported a net income for the three months ended September...

Evergreen and Yang Ming Post Losses, Wan Hai Stays in Profit

**The third quarter results of Taiwan’s big three container shipping lines were all impacted by the...

CMA CGM Said to Seek Financing for Neptune Orient Takeover

  • Shipping company seeks loans from BNP Paribas, HSBC, JPMorgan
  • CMA CGM has until Dec. 7 to make d...

COSCO, CSG Merger Talks to Extend into January

**China COSCO Holdings Company Limited (COSCO) said in a stock exchange filing that the suspension o...

Reuters: France’s CMA CGM secures bank funding for NOL takeover-sources

Dec 3 French shipping giant CMA CGM has obtained firm commitments from banks to finance the takeover...

Hapag-Lloyd: Far East Trade – Europe – Asia / Loop 4 Void Sailing / Loop 6 Ad Hoc Le Havre Call

Hapag-Lloyd informs about a blank sailing and an ad hoc call.

We would like to inform you about...

CMA CGM deploys 18,000-TEU ship to U.S. West Coast

**“Port executives at the Informa Cargo Logistics America conference in San Diego on Tuesday all sai...

Port Authority of NY/NJ proposes $6.5b FY2016 budget

**“The proposal includes funding for a Port Commerce master plan and critical maintenance, repairs a...