News

MOL, MSC Team Up on CX1 Service

**Japanese shipping company Mitsui O.S.K. Lines (MOL) has formed a new partnership with Swiss-based...

Port of Tanger Med: All signals are green for the year of 2016

**The Port Authority Tanger Med (TMPA) achieved a turnover of more than 64 billion dirhams (MMDH) in...

Upgrading of RUT’s berths

Riga Universal Terminal (RUT) has signed an agreement with the hydro-technical construction company...

Korean yards ready another 4,000 layoffs

South Korea’s top three shipyards – Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) a...

Port of Virginia Sets Annual Box Volume Record

[![[cranes and containers]](https://app.eesea.com/news/wp-content/uploads/clfovf9uwae0cuk-300x225.jp...

PSA International Handles More Containers

**Singapore-headquartered port operator PSA International saw an increase of 5.5% in volumes as a to...

DP World leads productivity at top Indian port

**DP World dramatically slashed its container dwell times at Jawaharlal Nehru Port Trust in December...

Cosco Shipping Inks USD 26 Bn Financing Deal with CDB

**Shipping giant China Cosco Shipping Group (Coscocs) has entered into a CNY 180 billion (USD 26 bil...

King Abdullah Port Sees 8 Pct Rise in Annual Box Volumes

**Saudi Arabia’s King Abdullah Port recorded an 8% increase in its annual container throughput, whic...

Port of Long Beach Volumes Slide amid Industry Headwinds

[![[Port of Long Beach]](https://app.eesea.com/news/wp-content/uploads/port-of-long-beach-volumes-sl...

Midas Service Rotation Change

In the effort to continue increasing further our operational excellence and service reliability, CMA...

SM in for Hanjin’s Korean terminals

**SM Line, South Korea’s newest containerline, owned by Samra Midas Group, continues to make waves.*...

China releases shipbuilding reform blueprint

**China’s Ministry of Industry and Information Technology (MIIT) has released a reform and transform...

CMA CGM tipped to take over OOCL

**France’s CMA CGM, fresh from gobbling up Neptune Orient Lines (NOL), is being widely tipped to be...

PORT KLANG’S PERFORMANCE – 2016

1. **Port Klang Authority is pleased to note that Port Klang registered a positive growth of 10.8%...

South Carolina budget includes funds for Jasper Terminal

**“The Georgia Ports Authority and the South Carolina Ports Authority signed an agreement in 2015 to...

Port of Dunkirk Sets Box Volume Record

[![[CMA CGM vessel at port in Dunkurque]](https://app.eesea.com/news/wp-content/uploads/2017-01-13_1...

Samsung Heavy Ups 2017 Orderbook Aim

[![[SHI cranes]](https://app.eesea.com/news/wp-content/uploads/samsung-heavy-ups-2017-orderbook-aim-...

Pakistan’s first deepwater container terminal to be ready by April

**Pakistan’s first deep-water container terminal at the Karachi Port has entered the final phase of...

Helsingborg opens Quay 903 for containers

**The Swedish port has invested SEK 55 mln (ca. EUR 5.8 mln) into enabling container handling operat...

Boxed in: SM’s launch hit by lack of available containers

**In a severe case of supply chain horse and cart South Korea’s newest container operator, SM Line,...

Port of Montreal handles record cargo tonnage

**“The Port of Montreal handled a record 35.2 million metric tons of freight in 2016, an increase of...

DCT Gdansk Handles Record Container Volume

[![[container vessel at port]](https://app.eesea.com/news/wp-content/uploads/dct-gdansk-handles-reco...

ICTSI Manila Container Terminal Hits 2 Mn TEU Milestone

**The Manila International Container Terminal (MICT), the Philippines’ largest container terminal, r...

CMA CGM strengthens its offer between Asia and the East Coast of South America upgrading its SEAS1 and SEAS2 services

**CMA CGM, a leading worldwide shipping group, is pleased to announce the launching of upgraded SEAS...

Hapag-Lloyd: Europe Asia Trade – Product Portfolio April 2017

We are very pleased to provide you with an overview of our new 2017 FAR EAST product portfolio, whic...

Hapag-Lloyd selling 150 million euros of bonds

**“The German ocean carrier said the bonds are not for sale in the United States, and proceeds will...

Port of Antwerp Confirms Record Annual Haul

**The Port of Antwerp closed 2016 with a record freight volume of 214,057,529 tonnes in 2016, up 2.7...

Stockholm Ports Container Throughput Rises

**A new record has been set for the number of containers transported to the Container Terminal at Fr...

Port of Cork Handles 9.2m Tonnes Of Trade

Total traffic through the Port of Cork reached 9.2 million tonnes in 2016, a slight decrease compare...

Honduran Puerto Cortes Terminal Set For Expansion Works

[![[Yu Wu (left), CHEC America Marketing Director and Mariano Turnes, OPC Chief Executive Officer, s...

SM Line execs meet with FMC ahead of transpacific launch

**William Doyle from the Federal Maritime Commission has revealed South Korea’s newest containerline...

OOCL share price leaps as Cosco hoves into view

**Shares in the parent of much sought after Orient Overseas Container Line (OOCL) soared today on th...

Hong Kong Marks First Sub-20 Million TEU Year Since 2002

[![[Hong Kong]](https://app.eesea.com/news/wp-content/uploads/hong-kong-marks-first-sub-20-million-t...

U.S. Judge Approves Hanjin Terminal Sale

**A New Jersey judge approved the sale of Hanjin Shipping’s stake in the Port of Long Beach’s larges...

MSC to add seasonal call in Pecém, Brazil

**“The Geneva, Switzerland-based carrier said the seasonal call will be added to its NWC-SAEC I serv...

China’s Cosco in Talks to Buy Orient Overseas

Cosco preparing bid worth more than $4 billion as shipping companies explore new combinations

C...

Yang Ming Rules Out Merger

The chairman of Taiwan’s Yang Ming Bronson Hsieh has ruled out a merger with a boxship rival.

A...

HDASCO Line Sets Up New Service to Le Havre

[![[IRISL vessel at sea]](https://app.eesea.com/news/wp-content/uploads/irisl-ktz-express-to-boost-m...

Hapag-Lloyd increases size of bond offering

“The German ocean carrier upped the size of a five-year bond from 150 million euros to 250 million euros.” For more details, please see the original article at American Shipper. Source: American Shipper (LF)

Hyundai Merchant Marine to acquire 20% stake in Long Beach Terminal

**On January 19 2017, Hyundai Merchant Marine announced that its board of directors decided to buy a...

China’s COSCO, OOIL throw cold water over rumored deal

**China’s COSCO Shipping Corporation and Hong Kong-listed shipping-to-property firm Orient Overseas...

SCFI declines 1.9 percent

“The Shanghai Containerized Freight index fell 1.9 from last Friday to a reading of 971.64, but the index is still much higher from a year prior.” For more details, please see the original article at American Shipper. Source: American Shipper (LF)

Edo To Make Gelegele Seaport A Container Terminal

**Edo State Governor Godwin Obaseki has revealed plans to develop the Gelegele seaport into a modern...

NWSA Volumes Continue Rising

**The Northwest Seaport Alliance (NWSA) has seen another busy month as December’s full import volume...

China’s COSCO to boost stake in Qingdao port operator

**COSCO Shipping Ports will acquire a 16.82 percent stake in Qingdao Port International (QPI), opera...

New South Korean Container Company Launched

**A South Korean construction company, Samra Midas (SM) Group, is entering the container shipping do...

SM Line Paid $6.3m for The Hammonia Pescara

**SM Line is in the market for box ships of around 6,500 teu, as well as 4,500 teu and then feeder t...

Hapag-Lloyd Names Second 10,500 TEU Ship

[![[Hapag-Lloyd names the Cartagena Express]](https://app.eesea.com/news/wp-content/uploads/naming-c...

Hamad Addition on MSC New Falcon Service

**MSC has started the year with an extension to its services, providing a direct call at Hamad Port....