Since February 2017, Hamburg Süd, through its partnership with 2M, has been able to offer its customers access to the world’s most comprehensive Asia – Europe/Mediterranean network. As part of a regular network review, and in an effort to enhance schedule reliability…
* PSA International Pte Ltd (PSA) handled 74.24 million TEUs for the year ended 31 December 2017, representing an increase of 9.8% from the previous year.* PSA's flagship Singapore Terminals contributed 33.35 million TEUs, increasing 9.0% over 2016…
Kalmar, part of Cargotec, launches a new range of equipment designed to offer customers in the Latin American market a value-based choice of the high quality, reliable equipment that Kalmar is known for. Based on Kalmar's proven G-generation platform…
The ‘CMA CGM Antoine de Saint Exupéry', the largest containership ever to call at the port on the Elbe, berthed in Hamburg early on Thursday morning, 15 March. The maiden call by this ocean-going giant is a further milestone in the Port…
MSC Mediterranean Shipping Company, a global leader in transportation and logistics, is pleased to announce the launch of a new freight rail service between Seville, Spain, and the Atlantic, beginning 4 April 2018. The service is expected…
Container shipping group CMA CGM said it expects a rebound in the industry to continue this year on the back of brisk economic growth, playing down the immediate impact of geopolitical tensions. French-based CMA CGM, one of the world's biggest container lines…
Oslo based MPC Container Ships ASA said it has reached a deal to acquire five feeder containerships presently managed and operated by Simatech Shipping & Forwarding L.L.C., Dubai for a total purchase price of $41.9 million in cash. MPC…
Li Ka-shing to retire after annual general meeting on May 10; will stay on as senior adviser to the group. Hong Kong's richest man, Li Ka-shing, announced his retirement as chairman of CK Hutchison Holdings Ltd on Friday, bringing to a close…
The largest ever containership to call at the port on the Elbe berthed in Hamburg early on Thursday morning, March 15.The oceangoing giant CMA CGM Antoine de Saint Exupery made its maiden call at the Port of Hamburg's HHLA Container Terminal…
Global trade enabler DP World today announces strong financial results for the twelve months ending 31 December 2017. The company delivered earnings in excess of $1 billion and above 50% EBITDA margin for the full year.Revenue grew 13.2% and adjusted EBITDA increased 9…
Containership owner and operator Seaspan Corporation announced it has acquired Greater China Intermodal Investments LLC (GCI) from affiliates of The Carlyle Group and other minority owners. Seaspan, which previously held 11 percent of GCI and operated the company’s container vessel fleet…
DP World, one of the world's largest port operators, said on Thursday full-year profit rose 14.9 percent in 2017 and that it would spend $1.4 billion on capital expenditure this year. Profit for the period attributable to owners of the company after separately disclosed items rose to $1…
Navis, part of Cargotec's business area Kalmar, has entered into a subscription agreement with Cosco Shipping Ports Ltd. (CSP) for the Navis N4 terminal operating system (TOS). With the N4, Cosco aims to further enhance the efficiency of its port operations…
The Port of Los Angeles processed 725,059 Twenty-Foot Equivalent Units (TEUs) in February, the busiest February in the port’s 111-year history. Volumes jumped 16 percent compared to last February. Two months into 2018, overall volumes have increased 5…
The Port of Oakland released a new 5-year strategic plan today that pairs business expansion with community benefits. Called “Growth with Care,” the plan envisions more jobs and economic stimulus as the Port grows. According to the strategic plan…
