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…
AmeraMex International, Inc., a provider of heavy equipment for logistics companies, infrastructure construction, and tactical military vehicles, said it received multiple equipment orders from two U.S. West Coast customers totaling $665,000…
Mergers and acquisitions activities for shipping carriers are expected to slow down in 2018, and instead will likely to pivot to freight forwarders, where the industry can expect to see an increase in M&A talks, says online freight forwarder iContainers…
Ceva Logistics aims to list on the stock exchange before the European summer as its private equity owner Apollo hopes to take advantage of buoyant stock market valuations, people close to the matter said. Apollo is working with Rothschild…
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…
MMA Launches Third Graduate Degree, M.S. Maritime Business Management. The Massachusetts Maritime Academy has announced the launch of their third Graduate Degree, the Master of Science in Maritime Business Management. The MSMB program MMA…
The Federal Government of Nigeria is set to automate all shipping related administrative processes in order to reduce subjectivity and corruption, thereby promoting transparency in the Nigerian maritime industry. This was the consensus reached…
The United Arab Emirates (UAE) condemned Djibouti’s cancellation of DP World’s contract to run the Doraleh Container Terminal, calling it an “arbitrary” flouting of a signed agreement, said a report in Bloomberg. Media reports yesterday…
CMA CGM, a world leader in maritime transport, is to take a long-term lease and invest in a build-to-suit, multi-temperature warehouse facility at DP World London Gateway Logistics Park. The CMA CGM Group will occupy, through its international…
In the autumn of 2017, Nordic American Tankers (NAT) advised you of our time charter activities/contracts with oil companies such as Shell, BP, ExxonMobil and other major oil companies in the West and in the East. The contract with ExxonMobil…
Mediterranean Shipping Company (MSC) has launched in Le Havre its first RO-RO service now connecting HAROPA to West Africa twice a month. The new service confirms the assets of HAROPA, the leading French port system constituted by the ports of Le Havre…
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…
Container carrier Hamburg Süd said it has taken delivery of more than 8,000 new 40-foot high cube standard containers. The new batch of boxes is part of a larger container order by Maersk Line and has now been delivered by the container factory of Maersk Container Industry (MCI) in Dongguan…
A heavy-lift ship carrying four of the U.S. West Coast’s largest container cranes is scheduled to travel through Puget Sound on February 23. Puget Sound Pilots are scheduled to board the Zhen Hua 28, a 761-foot-long heavy-lift ship, early…
