News

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...

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...

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...

STX Offshore seeks 800 layoffs by 2016

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

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...

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...

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...

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...

Idle Boxship Fleet Passes 1 Millon TEU Mark

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

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...

Hapag-Lloyd: Third consecutive profitable quarter

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

Panama Canal Scrambles to Meet Unseasonable Demand

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

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...

Costamare Partners Gives Up on IPO Plans

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

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...

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...

NOL Confirms Takeover Talks with Maersk and CMA CGM

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

Hanjin-Hyundai merger needs further study, Seoul says

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

Hapag-Lloyd Rings the Stock Exchange Bell

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

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...

Maersk Interim Report Q3 2015 Press Release

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

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...

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...

Maersk Line Shelves Optional Newbuilds

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

Maersk Line accelerates efficiency initiatives as response to market outlook

04 November, 2015

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

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

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

**The Hag...

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...

ICTSI’s Revenue Takes a Hit in 3Q

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

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...

Talk ended on HMM, Hanjin merger, for now

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

CSCL Takes Six 21000 TEU Newbuildings on Bareboat Charter

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

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...

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...

Maersk Line Still Undecided about 14000TEU Boxship Option

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

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...

DP World handled 46.5 million TEU in the first nine months of 2015

[![151027 - DP-World-Jebel-Ali-Port-BIG](https://app.eesea.com/news/wp-content/uploads/151027-DP-Wor...

Cosco Pacific sees profits decrease during third quarter

For the three months ended 30 September 2015, profit attributable to equity holders of the Company d...

UASC appoints new leadership to North America organization

**United Arab Shipping Company (UASC) announced today the appointment of Stuart Sandlin as President...

Trans-Atlantic Trade – Atlantic Express 1 (AX1) Adding port call to Savannah

**We are pleased to announce the service upgrade in the Atlantic Express 1 (AX1) service by adding a...

Hyundai Heavy Industries books $400m loss in Q3

**South Korea’s Hyundai Heavy Industries (HHI) has reported a huge loss of KRW451.4bn ($398.47m) for...

MSC, Maersk scrap Far East-Black Sea service on low demand

**MEDITERRANEAN Shipping Co. (MSC) and Maersk are to cease a service between Asia and Black Sea port...

The Maersk Group adjusts expectations for the 2015 result

**As a consequence of the deteriorated market, the Group today adjusts its expectation for the 2015...

UTi shareholder rejects DSV offer

**Sterling Capital Management claims US$1.35bn offer ‘grossly undervalues’ the US forwarding and log...

2M Cuts Asia-Med Capacity

**Maersk Line and MSC are to suspend their direct Far East – Black Sea ‘AE-3/Great Sea’ service, whi...

APM Terminals Izmir Prepares for 2016 Opening

**Final deliveries of remaining STS cranes and RTGs scheduled for December for 1st Quarter 2016 ope...

Hapag-Lloyd: Temporary Service Suspension – Atlantic Express 4 (AX4) – Alternate Port Pair Coverage

Hapag-Lloyd informs about service changes effective November 2015.

In response to seasonal chan...

UASC closes in on another $1bn order

Fast-growing United Arab Shipping Co (UASC) is in advanced negotiations with Korean yards for anothe...

Maersk Line – Network optimisation on the Asia – Mediterranean trade

**As a result of market circumstances, we are merging the AE3 and AE15 services, covering the Asia –...

APM Terminals Moin Prepares to Expand Costa Rica’s Refrigerated Export Capabilities

  • ****Six new STS cranes and 29 RTGs on order to serve the deep-water Moin Container Terminal, openi...

‘We don’t want others to leapfrog us’: Maersk CEO

**The shipping industry might be suffering a tough period of overcapacity but chief executive of oil...

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