The final agreement to develop a greenfield economic free zone in Somaliland to complement the growth of the Port of Berbera has been signed between DP World and its government in Dubai. The global trade enabler expects to break ground on the 12 square kilometre free zone project this year…
Fitch Ratings-London-01 March 2018: Sustaining last year's improved profitability in 2018 may prove challenging for container shipping companies, Fitch Ratings says. The fact that some companies are likely to have remained loss-making in 2017…
Evergreen Launches New Electronic Documentation Function in Partnership with Bolero International. Evergreen Line introduces paperless Bill of Lading (B/L) and dispatch documentation via its ShipmentLink digital portal, enhancing connectivity for exporters and importers with banks…
Diana Containerships announced that it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell to an unaffiliated third party the m/v Sagitta and the m/v Centaurus, each a 2010 built containership for $12…
UK-based containership charter owner Global Ship Lease announced that it has agreed to acquire a 2005-built, 2,800 TEU containership for a purchase price of USD 11.3 million. Following delivery, which is expected to be during the second quarter of 2018 once the existing charter terminates…
Just a day prior to the South Carolina Ports Authority's celebration of the beginning of Charleston Harbor Deepening Project construction, the port welcomed two new ship-to-shore cranes at the Wando Welch Terminal to further enhance the handling of neo-Panamax vessels…
Diana Containerships Inc. said it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell Panamax containerships m/v Sagitta and the m/v Centaurus for $12.3 million each. The 2010-built vessels are scheduled to be delivered to the buyer…
TRAC Intermodal is expanding and improving the quality of its chassis fleet in the Gulf Region to meet an expected surge in U.S. resin exports. The TRAC Gulf Regional Pool (TGRP) now offers the largest and most modern fleet of chassis in the ports of Houston…
Trade infrastructure development to diversify Panama’s economy and DP World’s international experience in over 40 countries were at the centre of discussions held in Dubai yesterday between the global trade enabler’s Group Chairman and CEO Sultan…
Gov. Nathan Deal today announced that the U.S. Army Corps of Engineers has completed outer harbor dredging at the Port of Savannah, marking the midpoint of the Savannah Harbor Expansion Project (SHEP).'The completion of outer harbor dredging…
Germany's HSH Nordbank, formerly the world's largest ship financier, is being sold to private equity firms as it emerges from crippling writedowns and state bailouts amid the deepest sector slump on record. The bank's state owners on Wednesday…
Full-year operating profit up by 226 percent; full figures, guidance due on March 28. German container shipping firm Hapag-Lloyd on Wednesday reported its 2017 operating profit more than tripled, citing higher transport volumes and a slight recovery in freight rates…
APM Terminals Pipavav achieved yet another milestone by hosting container vessel “Adrian Maersk” at the port. At 353 meters long it is the longest vessel to call at port Pipavav. Adrian Maersk called Pipavav as part of FM3 service and links…
China Merchants Port Holdings Company Limited (CMPort) said that the Company's transaction regarding the acquisition of Paranaguá Container Terminal (TCP) in Brazil is completed. The acquisition is the biggest merger and acquisition so far in Brazilian and Latin American port sector…
The containership segment’s commitment to ocean sustainability has been underscored with another order for Thordon Bearings’ COMPAC water lubricated propeller shaft bearing concept. The decision by Brazil-based cabotage carrier Log-In Logística…