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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Alphaliner: CMA CGM, PSA Singapore to Join Forces

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Henriette H. Thygesen to be CEO of Svitzer

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Incheon Port to Launch Regular Container Service Connecting the Middle East

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

by Patrick Fach-Pedersen

South Korea to Consider Merging HMM and Hanjin Shipping

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

DSME’s Orderbook Still Ranked First

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

by Patrick Fach-Pedersen

Neptune Lines Adds Service in Middle East

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

by Patrick Fach-Pedersen

Cosco Pacific proposes name change to Cosco Shipping Ports

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Hyundai Merchant Marine in talks to join 2M

[hmm logo new](https://app.eesea....

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Bronson Hsieh leaves Evergreen to head Yang Ming

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

by Patrick Fach-Pedersen

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...
by Patrick Fach-Pedersen

Drewry: HMM Joining 2M Suggests Hidden Agenda

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Bankruptcy looms over DSME

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

by Patrick Fach-Pedersen

Hapag-Lloyd agrees merger terms with shipping peer UASC

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

by Patrick Fach-Pedersen

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

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

COSCO Says Piraeus Port Sale Terms Inconsistent With Deal

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

by Patrick Fach-Pedersen

EURAF 2 service to change rotation

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

by Patrick Fach-Pedersen

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%...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

G6 Alliance announces service adjustments between Asia and North America

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

DSME collapse likened to Enron

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Cosco Piraeus port deal finally signed

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

by Patrick Fach-Pedersen

Maersk, HMM deny merger speculation

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

CMA CGM to upgrade its EURAF 4 service

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

by Patrick Fach-Pedersen