News

DP World announces strong financial results

PS grows 31% in 2015 driven by EZW acquisition and robust like-for-like growth

**Dubai, United...

China Slowdown Not Holding Back Nicaragua Canal, Contractor Says

  • Construction of fuel terminal, wharf set to start in August
  • **HKND is considering debt and e...

Islamic Republic of Iran Shipping Lines IRISL resumes its container liner service to Northern Europe

**With the call by the AZARGOUN in Hamburg on 17 March 2016, IRISL – Islamic Republic of Iran Shippi...

Seoul supports HMM restructuring

The PR firm working for Hyundai Merchant Marine (HMM) has contacted Splash to report that the South...

CMA CGM bolsters West Africa position

**CMA CGM has dramatically built up its service offerings out of West Africa as well as rebranding m...

PSA International Pte Ltd And Its Subsidiaries Results For The Year Ended 31 December 2015

[![Screen Shot 2016-03-21 at 12.30.11](https://app.eesea.com/news/wp-content/uploads/Screen-Shot-201...

APMT prepares for Lázaro Cárdenas expansion

**“Global terminal operator APM Terminals said it’s moving forward with development of its new semi-...

IRISL returns to Northern Europe as sanctions are lifted

**“The national maritime shipping line of Iran resumed calls to North Europe this week with its Euro...

APM Terminal’s TEC2 Wrapping Up Phase 1

**The phase I of the USD 900 million semi-automated deep-water Lázaro Cárdenas Terminal 2 (TEC2) pro...

Possible détente reached in Evergreen succession battle

The succession war at Evergreen Group might end soon as Chang Kuo-wei, the youngest son of the late...

Shipping Corp of India boss remains cautious

Shipping Corporation of India (SCI), the state-run line, has a very limited outlay for new vessels f...

Hyundai Motor will not ride to HMM’s rescue

Hyundai Motor has steered clear of being drawn into any rescue package for ailing shipping line, Hyu...

Evergreen, COSCO join Ocean3 Asia-Med loop

**“Ocean carrier Evergreen Line is joining the Ocean3 Alliance’s Phoenician Express/BEX2 as a vessel...

DP World Eyes Piece of Russian Novorossiysk Container Terminal

**Dubai-headquartered port and terminal operator DP World and Russian Direct Investment Fund (RDIF)...

Australia launches bidding process for the Port of Melbourne

Australia’s Victoria state government has opened the bidding process for a 50-year lease of the Port...

Hapag-Lloyd delivers 114 million Euro net profit in a challenging market environment

**Synergies, Cost-cutting programme and a more competitive fleet ensure successful year / Hapag-Lloy...

ACP Sets Inauguration Date for New Panama Canal

The Panama Canal Authority (ACP) announced Wednesday that the long-delayed inauguration of the Panam...

ZIM Q4 and Annual 2015 Results

Generated Adjusted EBITDA of $217 million, an 87% Increase over 2014

**Recorded an Operating Pr...

CMA CGM to route ships on its PEX3 loop around Africa

**“The French ocean carrier appears to be participating in a recent trend by lines to skirt canal fe...

Haniin Heavy and creditors agree new deal

South Korean shipyard Hanjin Heavy Industries & Construction will head into joint management with it...

Chinese shipyard order volumes slump 75%

According to statistics released by China Association of the National Shipbuilding Industry (CANSI),...

CMA CGM now owns over 5% of takeover target NOL

CMA CGM now owns over 5% of takeover target Neptune Orient Lines (NOL).

Continuing almost daily ope...

Port of Boston authorized to begin harbor dredging

**“The Massachusetts Port Authority on Thursday authorized staff to execute a Project Partnership Ag...

Hanjin Shipping sells London property for $57m to raise cash

South Korea’s Hanjin Shipping announced that it has sold its London office for KRW66.7bn ($57.2m) as...

Writebacks help Cosco Pacific to 30% rise in 2015 profit to $382m

Major Chinese port operator Cosco Pacific saw 2015 full-year net profit rise by 30% to $381.6m on th...

Creditors agree to HMM debt extension

**“The Korea Development Bank and other lenders have agreed to give the Korean shipping conglomerate...

Cosco and PSA ink mega terminal deal

Joint venture firm to invest in three new mega container berths in Pasir Panjang Terminal

Singa...

SIPG full year profit down 3% to $1bn

Shanghai International Port (Group) Co (SIPG) has posted a net profit of RMB6.56bn ($1.01bn) for 201...

APM Terminals announces new port investment in the Kingdom of Morocco

**Port operator APM Terminals to develop a new transshipment terminal in Tangier with an annual capa...

MSC introduce ‘Lone Star Express’ and ‘Amberjack’ to the Transpacific trade

MSC is pleased to announce a new service called the ‘Lone Star Express’ which will operate between A...

South Korea’s three main shipyards struggle with sharp drop in new orders

South Korea’s three main shipbuilders are continuing to struggle for survival as the recession in th...

Hapag-Lloyd: Mediterranean Pacific Service (MPS) – Tacoma, Washington – Change of Terminal

Hapag-Lloyd informs about a terminal change.

Please be advised that our MPS service will change...

Hapag-Lloyd: Mediterranean Canada Service (MCA) – Improved Port Coverage

Hapag-Lloyd will further enhance the Mediterranean Canada Service effective May 2016.

We are pl...

Eurogate records 13% rise in net operating profit

German terminal operator Eurogate has announced that it recorded a 13% rise in its 2015 net operatin...

Adani-operated Hazira Terminal in India doubles annual throughput

The volume of containers handled by Adani Hazira Container Terminal, a privately-operated alternativ...

Port of Zeebrugge loses major container service

**“The Ocean3 Alliance’s AEC1/AEX1/FAL8 service, which dropped a call at Zeebrugge, had the largest...

Wan Hai Surpasses Maersk in Profit

**The Taiwanese carrier Wan Hai takes the plaudits with carriers’ operating profit margins according...

Hanjin Shipping, PIL engage in slot swap on Red Sea/Middle East services

**HANJIN Shipping is to exit the Far East-Red Sea RES service that it jointly operates with CMA CGM,...

Port of New York and New Jersey Eyes Long-Term Growth Strategy

**The Port Authority of New York and New Jersey has launched steps aimed at charting its growth path...

Oman Shipping Company launches new freight feeder service to drive international

Oman Shipping Company (OSC) is launching a new freight service linking all Omani ports to the United...

Ocean carriers shift services from Tacoma to Seattle

“German ocean carriers Hamburg Sud and Hapag-Lloyd are shifting two of their services from one member of the Northwest Seaport Alliance to the other.” For more details, please see the original article at American Shipper. Source: American Shipper

Alphaliner: Carriers under Spotlight amid Worsening Balance Sheets

**The rapid deterioration of Hyundai Merchant Marine’s (HMM) financial situation has also put the sp...

OOCL’s LBCT handles first ship at new automated facility

**“The first phase of the “Middle Harbor Project,” due to go into operation this year, will add abou...

France’s Bollore investigated over West Africa port contracts

French officials searched the head office of the Bollore Group as part of a probe into the leading t...

Cosco Dalian and DACKS in merger talks

Dalian, already home to one of the world’s largest shipyards, could have another giant name in globa...

New orders at Chinese shipyards rebound in first quarter

New orders received by Chinese shipyards have risen for the first time in the first quarter of 2016...

Hapag-Lloyd: AX2 & AX3 – Westbound Rotation Change for Port of Savannah / AX4 – Continued Suspension

14 Apr 2016

Hapag-Lloyd informs about service changes.

We would like to inform you about t...

Deutsche Bank agrees to sale of Maher Terminals at Port Elizabeth

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) has reached an agreement with Macquarie Infrastructure Pa...

TCP’s concession extended as investment plan approved

Brazil’s second largest container terminal, Terminal de Contêineres de Paranaguá (TCP), has had its...

Terms of Chabahar Port Agreement Hammered Out

**India, Afghanistan and Iran have finalized the text of the Trilateral Agreement on Transport and T...