'THE Alliance' forged by six of the world’s largest multi-services shipping companies would challenge the dominance of global giants such as Maersk Line and Mediterranean Shipping Co. (2M). The new partnership, is an expanded alliance of G6 and CKYHE…
In order to continue offering the best dedicated service from Far East to Mexico, Central America and the Caribbean, CMA CGM is glad to inform its customers about the new rotation of its PEX 2 service. As from m/v CMA CGM NEW JERSEY voy…
China COSCO Shipping Co. Ltd (China COSCO Shipping) officially inaugurated the company “COSCO shipping Financial Holdings Limited (COSCO shipping Financial) in Hong Kong. It was former China Shipping (Hong Kong) Holdings, reports Sinocast…
The Middle East container shipping group United Arab Shipping Co. (UASC ) met with shareholders at the company's corporate office in Dubai to discuss a possible combination with German rival Hapag-Lloyd, but no decision was finalized. According to sources…
Hapag-Lloyd launches “THE Alliance” with old and new partners – Customers benefit from additional sailings and direct connections. The container shipping industry is undergoing a period of reorganization – and Hapag-Lloyd is assuming a leading role in the process…
Knowledge@Wharton, the Wharton School of the University of Pennsylvania journal, says that the transformation Panama Canal expansion project will bring to Panama’s domestic economy and society have been largely overshadowed by the historic expansion…
The Athens, Greece-based Safe Bulkers Inc. (SB) on Thursday reported a loss of $17.8 million in its first quarter. The shipping company posted revenue of $24.7 million in the period. It has a loss of 25 cents per share. Losses, adjusted for non-recurring costs…
Suzanne Dickerson has been named the director of logistics industry initiatives for the business-led, non-profit organization, South Carolina Council on Competitiveness. Dickerson transitions to the Council after eight years as director…
'In order to ensure complete visibility and a seamless transition when adapting to the new SOLAS regulation, we have created a dedicated page on our website to guide you through the new Verified Gross Mass (VGM) regulation,' says a statement from CMA CGM…
Korea Times says that Hyundai Merchant Marine (HMM) will join a new global shipping alliance, as the cash-strapped shipper has successfully reached a debt-rescheduling deal with its bondholders. HMM announced that it has reached a resolution…
AKD has appointed Annemieke Spijker a partner in its Transport & Energy team with effect from 1 June, 2016. Spijker joined AKD in July 2006, and became a member of the firm’s industry-leading Transport & Energy team in January 2008. She…
GAC has launched its own operation in Namibia in response to growing demand from our oil & gas customers and increasing cargo trade between the country and neighbouring South Africa, as well as other African nations.The formation of GAC…
The dry bulk market could become profitable again in 2019 – but only if a series of extremely tough and sustained measures are taken by shipowners, year on year. 2016 has to be the turning point in addressing the fundamental imbalance of the dry bulk market…
Ahead of the Panama Canal expansion two alliances have announced they will upsize some of their ships on the Asia-US East Coast route. How quickly will the others follow? Drewry Maritime Research takes a look: The 9,400-teu Cosco containership…
Oscar Spieler-led LNG shipowner Golar LNG Ltd. (GLNG) on Tuesday reported a loss of $80.1 million in its first quarter. The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share…