APL announced that its China Philippines Express 1 (CP1) service will be making additional calls at the Chinese port of Xiamen and Batangas in the Philippines. This development extends the market coverage of the shortsea service that links South China and the Philippines…
Danish bunker and tanker group Monjasa Group improved profitability in our operations and we continued making progress in optimising operational expenditures in 2017. Together, this led to a financial turnaround compared to an unsatisfactory 2016…
The Port of Long Beach has completed its best-ever first quarter, with marine terminals handling almost 1.9 million twenty-foot equivalent units (TEUs) January through March. The quick start is 19.4 percent more than the first quarter of 2017…
Orient Overseas International (OOI) has announced a profit attributable to equity holders for 2017 of US$137.7 million, compared to a loss of US$219.2 million in 2016. Earnings per ordinary share in 2017 was US22.0 cents, whereas loss per ordinary share in 2016 was US35…
South Carolina Ports Authority announced the strongest monthly container volume in its history, with 199,659 twenty foot-equivalent container units (TEUs) handled in March. The month was nearly 4 percent higher than March 2017, which was the Port's previous record month for TEUs…
King Abdullah Port landed the eighth spot among the world’s fastest growing ports for 2017, according to Alphaliner, the global leader in analyzing maritime transport data, port capabilities and the future of vessels and shipping route development…
The Port of New Orleans (Port NOLA) received an Environmental Leadership Award from the Louisiana Department of Environmental Quality (LDEQ) on April 10, 2018, for the success of its Clean Truck Replacement Incentive Program (Clean TRIP) which…
Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis. It marks a change of course for the Turkish company…
World goods trade will grow 4.4 percent this year, maintaining a rapid recovery that could nevertheless unravel if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Global trade growth…
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Khurais, a very large crude carrier (VLCC), from Korean Hyundai Samho Heavy Industries (HSHI). Industry leader adds fourth VLCC this year, bringing its total number of vessels to 92…
DP World Australia announced the signing of a long-term partnership extension regarding service of CMA CGM Group vessels by DP World Australia at its terminals in Brisbane, Sydney, Melbourne and Fremantle. This partnership extension brings…
Chilean maritime services and logistics company SAAM announced its plans to invest some $85 million to reinforce its tug fleet and maintain port equipment and infrastructure. 'In 2018, we expect to invest close to $85 million, which will be…
Shipping giant A.P. Moller – Maersk has enlisted a cloud-based Integration Platform as a Service (iPaaS) solution provider to help make its data available to external parties and improve customer visibility. Finland based Youredi, provider of a range of solutions related to big data…
The Port of Virginia processed 252,230 twenty-foot equivalent units (TEUs) in March, pushing the port’s growth thus far in fiscal year 2018 to 4.4 percent. Further, March’s TEU volume was nearly 9 percent ahead of the same month last year. “March’s…
The Port of Felixstowe has taken delivery of its first two remote control ship-to-shore (STS) gantry cranes. The two new cranes, the 32nd and 33rd at the UK's largest container port, were delivered on the Zhen Hua 23 from ZPMC in Shanghai…