HK now HQ for combined ops; Singapore office oversees business in South-east Asia
Maersk Line,...
**Islamic Republic of Iran Shipping Lines (IRISL) plans to return to Europe before the end of this m...
After an absence of over six years, Islamic Republic of Iran Shipping Lines (IRISL) is making a come...
**Islamic Republic of Iran Shipping Line (IRISL) appears set to resume its service between the Middl...
**Creditors of cash-strapped Hyundai Merchant Marine Co. agreed to provide a new debt relief only if...
**Despite the slow market conditions in 2015, the Singapore-listed container port business trust Hut...
**According to preliminary figures, Hamburger Hafen und Logistik AG (HHLA) generated revenue of over...
**Hyundai Merchant Marine has posted another annual loss today (5 February), dipping KRW443.4 billio...
**Moody’s Japan K.K. has affirmed the Ba1 corporate family rating of Mitsui O.S.K. Lines, Ltd. (MOL)...
**The Port of New York and New Jersey exceeded its previous record for annual cargo volumes in 2015...
Iran has launched yet another shipping line, this time with its neighboring Oman.
The country h...
Dubai, UAE Monday 08 February 2016 – DP World Limited handled 61.7 million TEU (twenty-foot equi...
**Dubai-headquartered terminal operator DP World has announced that the group’s chairman Ahmed bin S...
**The world’s third-largest container carrier CMA CGM recently attended a meeting in Shanghai where...
**The Port of New York and New Jersey has set a new record for annual cargo volumes in 2015 by more...
A.P. Møller – Mærsk A/S has published its Annual Report 2015 today, 10 February 2016.
Highlight...
Hapag-Lloyd purchases two ships and further optimizes its fleet
**Acquisition of two modern wid...
**Higher bulk cargo throughput and strong growth in rail and inland waterway seaport-hinterland traf...
Maersk Line reports USD 1.3 billion profit in 2015
Copenhagen, 11 February 2016
“In light of...
**Netherlands-based container terminal operator APM Terminals, part of Maersk Group, has seen its pr...
**Investment now stands at USD 6.2 billion to expand and upgrade terminal network to meet future gro...
**Dubai’s port operator DP World is seeking investment opportunities in India worth over USD 1bn ove...
A service connecting Europe, India and Sri Lanka
MSC is delighted to launch the Himalaya Expres...
**The European Commission has confirmed today that the fifteen container lines suspected of a breach...
**Moody’s Investors Service has today changed to stable from positive the outlook on the Baa1 issuer...
**Iran and Germany are negotiating the possibilities for re-establishing shipping cooperation includ...
**A new mega alliance appears to be in the making, as French container shipping major CMA CGM and it...
**“More than 2.13 million TEUs moved over the U.S. Gulf Coast port’s docks in 2015, up from just und...
**Owners of containerships chartered to troubled South Korean carrier Hyundai Merchant Marine are sa...
**China on Thursday launched a challenge to global shippers AP Moller Maersk and Mitsui OSK Lines, b...
**China’s port operator Cosco Group (Hong Kong) Limited has been unanimously declared as the preferr...
**Newly formed China Cosco Shipping Corporation Limited has been officially launched on Thursday in...
**In a move which is said to challenge the market dominance of 2M, which is currently the world’s la...
**Florida’s Port Everglades and the US-based marine terminal operator King Ocean Services Limited ha...
**“The Canadian port reported container volumes rose 4.9 percent year-over-year to 3.1 million TEUs...
**EVERGREEN Group founder Chang Yung-fa, who died in January, chose his fourth son, Eva Airways chai...
China Ocean Shipping Company (COSCO) will raise the operational capacity of twenty-foot equivalent u...
**In conversation with the Wall Street Journal, CMA CGM Vice-Chairman Rodolphe Saadé confirmed talks...
Targets achieved / EBITDA reaches EUR 831 million / Margin increases to 9.4%
Hapag-Lloyd has ac...
**Yilport Holding announced today the acquisition of 100% shares of Portuguese terminal operator Ter...
**China Ocean Shipping Corporation’s (Coscocs) plans to up the ante by reaching a 2 million TEUs ope...
**French container shipping giant CMA CGM denied media reports on being in preliminary discussions w...
“Ocean carriers CMA CGM, UASC, Hanjin and CSCL will terminate their jointly operated REX3/ARC2 loop between China, Malaysia and the Red Sea.” For more details, please see the original article at American Shipper. Source: American Shipper
Narrows full year net and Core EBIT losses despite worsening market conditions
**SINGAPORE, 23...
Having been faced with ever tougher financial situation the South Korean shipping company Hanjin Shi...
**Qatar-based marine transport and logistics conglomerate Qatar Navigation (Milaha) delivered a net...
**Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, reported net income of $26.6 mil...
**Manila-based Asian Development Bank (ADB) and the Sri Lanka Ports Authority (SLPA) signed a transa...
**DP World yesterday signed two major construction contracts for its US$1.6 billion futuristic fourt...
**“Disagreements have erupted between the children of Y.F. Chang, the deceased founder and chairman...