News

Shipping authority seeks to ‘adopt’ Portland

**An impasse at the Port of Portland in Oregon may have a solution in the form of a state-owned auth...

APMT to enlarge 10 cranes at Pier 400 in Los Angeles

**“The 10 STS cranes will be the tallest in service at any port in the United States, capable of han...

Hapag-Lloyd reports an operating profit in the first quarter of 2016

**EBITDA of EUR 123.4 million / EBIT of EUR 4.8 million / Transport volume up 2.1% / Sharp year-on-y...

Hapag-Lloyd: Mediterranean Canada Service (MCA) – Vigo Call

Hapag-Lloyd will call the Port of Vigo on the MCA Service.

We would like to inform you that due t...

Hanjin, Hapag-Lloyd, “K”Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming to create a new partnership “THE Alliance”

**All East-West trade lanes covered / Start in April 2017 / 18% share of global container fleet capa...

Report: Portland’s Wyatt doesn’t expect container service to return ‘for a while’

**“Port of Portland, Ore. Executive Director Bill Wyatt told the Portland Business Journal low crude...

DP World Yarimca Opens For Business

President Erdoğan inaugurates Turkey’s newest port
**Bin Sulayem: Turkey and UAE are bridges t...

COSCO expands overseas terminal interests with stake in Euromax Rotterdam

**“COSCO Pacific, the port terminal operator arm of Chinese conglomerate COSCO Group, will pay 125.4...

Yilport names Blauert as new CEO

“Christian Blauert has been appointed the new chief executive officer of Yilport Holding, effective June 1, 2016.” For more details, please see the original article at American Shipper. Source: American Shipper

Gulftainer hits 20m TEU milestone at Jeddah terminal

**Gulf Stevedoring (GSCCO), a member of the Gulftainer Group of Companies, has celebrated the handli...

CMA CGM to improve its services connecting North Europe with Middle East and Asia : evolutions on FAL 1 & FAL 23, new FAL 7, evolutions on EPIC

In a continued effort to provide reliable and quality services in a complex environment, and to upgr...

Hanjin, HMM Bleed Red in Q1

**South Korean financially-troubled container shipping companies Hanjin Shipping and Hyundai Merchan...

HMM says it is ‘certain’ of joining THE Alliance

South Korea’s Hyundai Merchant Marine (HMM) has expressed confidence of joining THE Alliance, the la...

DSIC to take over bankrupt shipyard STX Dalian

Splash understands that Dalian Shipbuilding Industry Corporation (DSIC), a major yard within Chinese...

Hapag-Lloyd: Mediterranean Gulf Express (MGX) – Improved Service Rotation

Hapag-Lloyd informs about the improved service rotation effective July 2016.

Further to our [Cu...

Royal Arctic Line A/S and Eimskip sign a Letter of Intent

Today, Eimskip and Royal Arctic Line A/S signed a letter of intent to connect Greenland into Eimskip...

Hyundai Merchant, shipowners fail to reach deal over charter rate cut

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

Liverpool2 gears up for autumn opening

With marine trials planned for June and a formal opening scheduled for October, the UK’s latest deep...

Hanjin Shipping clinches key debt repayment extension

In a significant fillip to Hanjin Shipping’s urgent restructuring plans bondholders have agreed to e...

Hapag-Lloyd’s Merger Talks With UASC ‘Will Bring Summer Marriage’

People familiar with the matter say talks to create $9 billion company are progressing well

LON...

Container volumes at Latin American ports up 1.7% in 2015

Containerised cargo grew by 1.7% to 48m teu in 2015 in the ports in Latin America and the Caribbean,...

HMM given another week to renegotiate charter rates

Hyundai Merchant Marine (HMM) has been given another week to renegotiate charter contracts with ship...

‘More details on charter negotiations will be disclosed soon’: HMM

A chink of light has emerged in Hyundai Merchant Marine’s tricky negotiations with tonnage providers...

Hapag-Lloyd: Postponement of Annual General Meeting

Reasons are ongoing talks between Hapag-Lloyd and UASC / New date in August 2016 at the latest...

Iran signs port deal agreement with India, Afghanistan

“The Persian Gulf nation signed an agreement with India and Afghanistan this week to develop its southern Chabahar port along the Gulf of Oman coast.” For more details, please see the original article at American Shipper. Source: American Shipper

Maersk Line launches new service between Latin America and Asia

**Maersk Line adds a third loop to the AC network connecting the West Coast of Latin America and Asi...

Hyundai creditors approve debt-for-equity swap

**“South Korean shipping conglomerate Hyundai Merchant Marine, which said it is continuing efforts t...

CMA CGM’s proposed acquisition of NOL cleared by the Chinese Ministry of Commerce (MOFCOM)

Marseille (France), May 25, 2016 – CMA CGM S.A. (CMA CGM), a global leader in container shipping...

Foreign ownership rules eased at Indonesian ports

As part of his ambitious bid to create a “maritime highway” across the archipelago, Indonesia’s pres...

Court receivership beckons for STX Offshore & Shipbuilding

One of South Korea’s largest shipyards is likely to enter court receivership, as early as today, its...

Hapag-Lloyd: Asia Latin America Service – Joint Caribbean Service (JCS) – Service Change

Hapag-Lloyd informs about a rotation change.

We would like to inform you that our JCS Service w...

Russia Eyes Thessaloniki Port Privatization

**The privatization of the second biggest Greek port of Thessaloniki seems to have sparked interest...

Oman Shipping Co scores $180m profit in 2015

Oman Shipping Company (OSC) made net profits of $180m in 2015, and will use them to develop and expa...

CMA CGM announces firm intention to make voluntary conditional general offer to acquire NOL

Marseille (France), 30 May 2016 – Following the satisfaction and waiver (as the case may be) of...

Maersk Line improves Asia – North Europe network

**The adjusted Asia-Europe network will offer a more reliable product and enhance transit times in k...

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...

Hipsters replacing harbour-rats along Brooklyn shoreline

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

Due to Greenpoint’s...

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,...

HMM one step closer to survival as bondholders approve restructuring

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

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...

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...

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...

UASC delays vote on Hapag-Lloyd merger

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

HHLA squares up to ultra large containership challenge

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

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...

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: Mediterranean Pacific Service (MPS) – Improved Service Quality

Hapag-Lloyd informs about the additional westbound Tangier call.

We are pleased to inform you tha...

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...

UASC owners support Hapag-Lloyd merger

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

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...

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