CMA CGM delivered a resilient first quarter, but the numbers underscore the increasingly complex environment facing the global container shipping and logistics giant.The Marseille-based group reported first-quarter revenue of $13.23 billion, essentially flat year-over-year, while EBITDA fell 31.6% to $2.11 billion and net income dropped sharply to $250 million, down from $1.12 billion a year earlier…
Syria's General Authority for Borders and Customs has signed an agreement with French shipping and logistics group CMA CGM to operate two dry ports within the free zones of Adra, in Damascus' outskirts, and Aleppo, Syrian state news agency SANA reported on Tuesday…
Recently retired Port of Aberdeen Chief Financial Officer Jon Oakey was honored with the Lifetime Achievement Award at the second Finance & Accountancy Business (FAB) Awards. Held at Union Kirk, Aberdeen on May 21, 2026, the FAB Awards celebrate…
'So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been especially high during the past five weeks, rising 16% y/y, as US energy exports to the Pacific jumped…
The American Association of Port Authorities (AAPA) commends the the House Committee on Appropriations for its release of the Fiscal Year 2027 (FY27) Transportation, Housing, and Urban Development (THUD) bill. The legislation contains a record…
The Asian Infrastructure Investment Bank (AIIB) will lend $300 million to International Container Terminal Services Inc. (ICTSI) to support the expansion and upgrade of three container terminals across the Philippines. The senior unsecured corporate loan…
The National Association of Waterfront Employers (NAWE) released new survey findings based on input from 25 senior port and terminal executives, revealing that U.S. ports require billions in near-term capital investment to maintain efficiency and global competitiveness…
Fujairah Terminals, part of AD Ports Group, a global enabler of trade, industry, and logistics solutions, announced the signing of three strategic land lease agreements with Fujairah International Airport, Fujairah Free Zone Authority and Al Dahra Agriculture Trading…
Diamond Gas Jade, a 174,000-cu.-m. Liquefied Natural Gas (LNG) carrier invested by a joint venture under U-Ming Marine Transport Corp., held its grand naming ceremony on May 19 at the Samsung Heavy Industries Geoje Shipyard. Built by Samsung Heavy Industries…
State and local officials have celebrated the groundbreaking of Consolidated Grain and Barge Co.’s (CGB) $47 million expansion at Ports of Indiana-Mount Vernon, the largest investment at Indiana’s largest port in more than 20 years.The project…
AD Ports Group, a global enabler of trade, industry, and logistics solutions, announced the commencement of cruise services at its three terminals in Sharm El Sheikh, Hurghada, and Safaga in Egypt, in addition to facilitating ferry services…
Aqua superPower and Tidal Transit have formed a strategic partnership to support the deployment of electric crew transfer vessels (E-CTVs) for ports and harbors serving offshore infrastructure, including offshore wind projects.Under the agreement…
Port Nelson in New Zealand has deployed a private 5G network in partnership with Spark New Zealand and Ericsson Enterprise Wireless Solutions, marking a major step forward in connectivity, safety, and productivity across its warehousing operations…
Drive into Corpus Christi and you can feel the paradox that defines many port cities: the waterfront is everywhere, yet the maritime business that powers the place is easy to miss — until you look past the horizon of tanks, docks, and ship traffic…
Exports and transit of oil through Russia's western ports rose by around 150,000 barrels per day (bpd), or about 9%, in the first two weeks of May versus April, according to data from traders, LSEG and Reuters calculations.Ongoing drone attacks…
