Korean carrier Hyundai Merchant Marine (HMM)’s expansion plans are incompatible with market stability. Will it settle for more limited ambitions? An Analysis by Drewry. South Korean carrier Hyundai Merchant Marine (HMM) is back in the news…
Ivory Coast cocoa exporters said on Monday they were struggling to purchase enough beans to satisfy export contracts due to a sharp and unexpected drop in deliveries to the top grower's ports. Weekly port arrivals fell to 22,000 tonnes last week…
On a route with direct competition from LoLo carriers, WWL is shipping power generation components from Brazil to a hydroelectric power plant in Chile.Chile’s electricity system depends mostly on thermoelectric and hydroelectric power, and…
South Korea's Hyundai Merchant Marine (HMM) said that its handling volume of US Premium Service reached over 10,000 TEU as of the end of January. Since May last year, HMM has provided US Premium Service in PS1, PS2, and PN2 routes connecting…
The Baltic Exchange's main sea freight index gained nearly 2 percent on Thursday to hit an over three-week high, buoyed by an improvement in activity across vessel segments. The overall index, which factors in rates for capesize, panamax…
Project, breakbulk and heavylift cargo transporter Intermarine, LLC said it has been certified in full compliance with the International Cyanide Management Code (Cyanide Code) by The International Cyanide Management Institute (ICMI). Following an extensive audit process…
The Baltic Exchange's main sea freight index climbed 2.6 percent on Wednesday to mark a three-week high, boosted by an increase in activity across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…
Norwegian shipowner Ocean Yield announced that 100% owned subsidiaries of the Company has agreed to acquire two 2018 built handysize dry bulk vessels with 12-year bareboat charters to companies owned and guaranteed by Louis Dreyfus Armateurs Group (LDA)…
A consortium of infrastructure funds at Goldman Sachs and Macquarie is seen as the front runner in the sale of European bulk port terminal operator HES International, worth around 2 billion euros ($2.5 billion), industry sources said. Morgan Stanley is mandated to sell the asset…
JAXPORT partner North Florida Warehouse FTZ, a division of JZ Expedited Companies, has celebrated the grand opening of Foreign Trade Zone No. 64’s first outdoor storage facility. The 3.7-acre facility is located minutes from JAXPORT’s North…
The Baltic Exchange's main sea freight index dropped nearly 2 percent on Wednesday, weighed down by lower rates for capesize vessels ahead of a week-long Lunar Year break in China starting Thursday. The overall index, which factors in rates for capesize…
The tanker market remained subdued, while the dry bulk and container markets strengthened during 2017, said Norwegian shipping company Torvald Klaveness. Torvald Klaveness managed to improve its financial results in 2017, but they “were still not at a satisfactory level”…
Truckers in Argentina ended a strike that had stalled grain exports and agreed to meet with transportation authorities later this month to resolve their differences, the government said on Saturday. Nearly 100 cargo ships were waiting on…
The Ukrainian agriculture ministry sees 2017/18 grain exports at up to 41 million tonnes, acting minister Maksim Martyniuk said on Monday. 'For now we keep the forecast unchanged at 40-41 million tonnes. Potentially in the future we could lower the export estimate slightly to 40 million tonnes…
Hyundai Merchant Marine (HMM) announced that it has established a consortium with global liners, MSC, Hapag-Lloyd, and ONE to launch joint services between Asia and west coast of South America. Previously, HMM operated three Asia-west coast of South America services with MSC…
