News

DP World announces strong financial results

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

**Dubai, United...

by Patrick Fach-Pedersen

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...
by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Seoul supports HMM restructuring

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

by Patrick Fach-Pedersen

CMA CGM bolsters West Africa position

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

APMT prepares for Lázaro Cárdenas expansion

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Evergreen, COSCO join Ocean3 Asia-Med loop

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

by Patrick Fach-Pedersen

DP World Eyes Piece of Russian Novorossiysk Container Terminal

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

ACP Sets Inauguration Date for New Panama Canal

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

by Patrick Fach-Pedersen

ZIM Q4 and Annual 2015 Results

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

**Recorded an Operating Pr...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Haniin Heavy and creditors agree new deal

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

by Patrick Fach-Pedersen

Chinese shipyard order volumes slump 75%

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Port of Boston authorized to begin harbor dredging

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Creditors agree to HMM debt extension

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

by Patrick Fach-Pedersen

Cosco and PSA ink mega terminal deal

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

Singa...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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

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

We are pl...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

Adani-operated Hazira Terminal in India doubles annual throughput

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

by Patrick Fach-Pedersen

Port of Zeebrugge loses major container service

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

by Patrick Fach-Pedersen

Wan Hai Surpasses Maersk in Profit

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

by Patrick Fach-Pedersen

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,...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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

by Patrick Fach-Pedersen

Alphaliner: Carriers under Spotlight amid Worsening Balance Sheets

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

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

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...

by Patrick Fach-Pedersen

TCP’s concession extended as investment plan approved

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

by Patrick Fach-Pedersen

Terms of Chabahar Port Agreement Hammered Out

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

by Patrick Fach-Pedersen