Qatar-based maritime transport and logistics company Qatar Navigation (Milaha) reported a 10% rise in its net profit for the twelve months ended December 31, 2018.The Middle East maritime and logistics company delivered a net profit of QAR 516 million (USD 141…
Short-term container rates on the China Main ports to North Europe Main ports have seen a slight drop since the beginning of the year. However, compared to Spring and Autumn 2018, overall the industry sees an increase, said a report from Xeneta…
Logistics software company WiseTech Global has announced its acquisition of Singaporean supply chain tracking and management software firm Containerchain.Based in Singapore, Containerchain provides optimization services such as real-time tracking…
The newly structured Nhava Sheva – Mundra-Gulf (NMG) service commenced operations at APM Terminals Mumbai on February 21, 2019. First vessel call for this service was made by Sima Marine’s M.V. OEL Transworld.The NMG is a weekly service connecting various ports in middle east…
Europe’s second-largest seaport, the Port of Antwerp in Flanders, Belgium said that with a 6th year record, growth in all cargotypes and a recent wave of investments, 2018 will be a 'grand cru' year.'The confirmation of the port's attractiveness…
Diana Shipping has announced time charter contracts for m/v Newport News and m/v Los Angeles with SwissMarine.The global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary…
Fitch Affirms Port of Oakland, CA's Sr. Revs, Intermediate Revs and Bank Bonds Underlying CP Notes.Fitch Ratings has affirmed the following Port of Oakland, CA bonds:$637 million of senior lien revenue bonds at 'A+';$218 million of intermediate lien revenue bonds at 'A'…
Full-year operating profit up by 32 percent.Container shipping firm Hapag-Lloyd said volume growth and a modest recovery in freight rates in the second half of 2018 helped push operating profit 32 percent higher, lifting shares in the German group on Monday…
The recent call of the 2,500-TEU capacity Safmarine Nuba at the Matadi Gateway Terminal (MGT), an ICTSI Group company, opened the door to major new shipping system benefits for the Democratic Republic of the Congo (DRC).Deployment of a vessel…
San Francisco-based freight forwarder Flexport announced a unding injection of $1 billion led by the venture capital (VC) arm of Japanese investment firm SoftBank Group.'We’re excited to share how we’re accelerating and further realizing that…
Maastricht Maersk, the latest next-generation Triple-E vessel known for improved energy efficiency and environmental performance, has arrived for the first time to Rotterdam on her westbound voyage from Asia.Welcoming the maiden voyage of the most modern vessel in the fleet to Rotterdam…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Houston.The global shipping company…
Jaxport, the port of Jacksonville, Florida, had its best ever January container volumes, with total container movements increasing 16 percent over the same period last year.Nearly 121,400 twenty-foot equivalent units (or TEUs, the industry standard…
Uncertainty mounts in dry bulk shipping against a backdrop of weaker growth in Chinese imports, said BIMCO.'The extent of the freight rate recovery in 2018 was limited – when compared with initial expectations – by a faster-growing fleet. Q4-2018 wasn’t as strong as it often is either…
Chang Keun Yoo, president and CEO of South Korea container line Hyundai Merchant Marine (HMM) has decided to resign from his position next month.Chang-Keun Yoo has been Chief Executive Officer and President of Hyundai Merchant Marine Co. Ltd since April 02…
