News

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

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

Hapag-Lloyd agrees merger terms with shipping peer UASC

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

Bankruptcy looms over DSME

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

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...

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...

Drewry: HMM Joining 2M Suggests Hidden Agenda

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

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...

Bronson Hsieh leaves Evergreen to head Yang Ming

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

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...

Hyundai Merchant Marine in talks to join 2M

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

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...

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...

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...

Cosco Pacific proposes name change to Cosco Shipping Ports

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

Neptune Lines Adds Service in Middle East

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

DSME’s Orderbook Still Ranked First

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

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...

South Korea to Consider Merging HMM and Hanjin Shipping

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

Incheon Port to Launch Regular Container Service Connecting the Middle East

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

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...

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...

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...

Henriette H. Thygesen to be CEO of Svitzer

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

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...

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...

Alphaliner: CMA CGM, PSA Singapore to Join Forces

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

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...

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...

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

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...

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...

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...

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...

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...

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 looks to expand Latin American portfolio

Argentina wants to build its partnership with DP World, and provide a greater role for it to serve i...

UASC owners support Hapag-Lloyd merger

The four countries which currently own the United Arab Shipping Company (UASC) have approved an amen...

Suez Canal sweetens rebates for boxships from US East Coast to Asia

The Suez Canal Authority (SCA) has further sweetened rebates for containerships sailing from the US...

Hapag-Lloyd: Mediterranean Pacific Service (MPS) – Improved Service Quality

Hapag-Lloyd informs about the additional westbound Tangier call.

We are pleased to inform you tha...

New USD 1.17 Billion Budget for Port of Los Angeles

**A USD 1.17 billion fiscal year 2016/17 annual budget has been approved for the Port of Los Angeles...

Hapag-Lloyd: Enhanced Intra Mediterranean Services – New Egypt Levant (ELS) Service & New Turkey Israel Express (TIX) Service Rotation

Hapag-Lloyd will enhance its intra Mediterranean Service effective mid of June 2016.

We would l...

HHLA squares up to ultra large containership challenge

Competition is fiercer than ever amongst leading container ports vying to attract the business of to...

UASC delays vote on Hapag-Lloyd merger

United Arab Shipping Company (UASC) has delayed a shareholder vote on the proposed merger with Germa...

The almost total meltdown of Korean shipbuilding and shipping sectors

South Korea’s shipbuilding and shipping segments are reeling from a state of a complete meltdown ami...

Bondholders Okay HMM’s Debt-for-Equity Plan. Next Step The Alliance

**Bondholders of cash-strapped Hyundai Merchant Marine (HMM) have approved the company’s debt-for-eq...

Iran to Set Up Regular Shipping Line to Japan

**Iran plans to launch a regular shipping line to Japan in the next few weeks, Managing Director of...

HMM one step closer to survival as bondholders approve restructuring

Cash-strapped Hyundai Merchant Marine (HMM) moved another step further towards avoiding court receiv...

HMM urged to merge with Hanjin Shipping to join THE Alliance

THE Alliance, a brand new grouping of six containerlines, only has room for one South Korean member,...

Hipsters replacing harbour-rats along Brooklyn shoreline

This past week, the Brooklyn Barge has opened on the waterfront in Greenpoint.

Due to Greenpoint’s...

Mexico’s Tuxpan Port Terminal starts operations

CMA CGM will be the first shipping line to call Tuxpan Port Terminal (TPT), on the Atlantic coast of...

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