The Hong Kong-based maritime transport company Pacific Basin Shipping, has announced unaudited interim net profit of US$30.8 million (HK$241.74 million), compared with a net loss of US$12 million last year.The international dry bulk shipping company declared an interim dividend of HK$2…
In a continued effort to provide our customers with reliable and efficient service, CMA CGM Group will upgrade its service offering connection India and Middle East to East Africa., said press release from the company.Starting 17th August 2018…
The government of India has identified 243 projects at a total cost USD 21 billion have been identified for enhancing the infrastructure at Indian ports upto 2035, under Sagarmala Program.Out of these 44 projects (USD 1.25 bln) have been completed…
Diana Containerships reported a net loss of $42.3 million for the second quarter of 2018, compared to net income of $36.5 million for the same period of 2017. The loss for the second quarter of 2018 includes $15.6 million of impairment charges of one vessel and $19…
Overcapacity, Fleet Supply, Weakened Earnings, Consolidation – and now – fears of trade wars fuel further uncertainties for an already unsteady boxship climate. MLPro’s Barry Parker digs in to get to the bottom of all of it.The report season…
Ocean carrier APL unveiled a new Japan Russia Express (JRX) service, which it says is the only weekly Japan-Russia ocean freight service to be available in the marketplace.A jointly operated service with TG FESCO, the JRX service will commence…
The port of Rotterdam achieved throughput of 232.8 million tonnes in the first six months of 2018. That is 2.2% less than in the first six months of 2017.Container throughput, one of the strategic priorities of the Port Authority, rose by 5…
Vehicle imports and exports at Port Canaveral revved up this week with the arrival and departure of the post-Panamax (PPX) shipping vessel Höegh Trotter and another RO/RO vessel, the NYK Auriga Leader. In a first for the port, one vessel discharged new autos while another exported vehicles…
United States grain exports via the St. Lawrence Seaway are up 32.1 percent this season compared to 2017. Construction materials were also heavily influential in the latest results with a nearly 38 percent increase in asphalt from the same time last year…
The government of South Korea decided to invest 1.35 trillion won (USD 1.2 billion) in Korea Ocean Business Corporation (KOBC). The compnay was created in order to help its shipping industry stand on its feet, especially after the bankruptcy of Hanjin Shipping…
The New York Shipping Exchange (NYSHEX), the innovator of the first reliable digital forward freight contract for global container shipping, announced the addition of Hyundai Merchant Marine (HMM) as the newest carrier member to join the exchange…
Eurotainer US, Inc. has selected APM Terminals Inland Services Argentina as the exclusive agent for the sales and marketing of its tank container leasing services in Argentina.APM Terminals serves the Argentinian market through five strategically…
The Industrial Internet of Things (IIoT) is set to make a sizeable contribution to the global economy by 2023. This is according to a new global study launched today by Inmarsat , the world’s leading mobile satellite communications company, which found that organisations…
TOTE Maritime Puerto Rico said it continues to invest in equipment to meet the needs of its customers as well as Puerto Rico as the island continues with recovery efforts following last year’s hurricane season.In the last few months, TOTE Maritime has secured more than 200 additional 53’ containers…
Tanker owner Concordia Maritime announced it has moved to strengthen its positions in the crude oil segment by chartering in another suezmax vessel.The 158,000 dwt suezmax vessel that has been chartered in was built in Korea in 2015. As with previous charters…