The CMA CGM Group announced it is reinforcing its offer, starting April 4, 2018, between Asia, Mexico and the west coast of South America in a partnership with COSCO and Evergreen. With three weekly and complementary services to those already operated by the CMA CGM Group…
A slowdown in fleet growth should begin the recovery cycle from the second half of 2018, although freight rates will not reach the levels seen during the bull run of 2014-15, according to the latest edition of the LPG Forecaster published by global shipping consultancy Drewry…
Full-year operating profit up by 226 percent; full figures, guidance due on March 28. German container shipping firm Hapag-Lloyd on Wednesday reported its 2017 operating profit more than tripled, citing higher transport volumes and a slight recovery in freight rates…
Dubai-based ports operator DP World has inked an agreement with the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) to launch the first phase of an integrated industrial and residential zone in Sokhna. The framework agreement…
Mitsui O.S.K. Lines (MOL) signed a Memorandum of Understanding (MOU) with the Far East Investment and Export Agency (FEIA) under the Ministry of the Russian Federation for the Development of the Far East (MINVR) to cooperate with each other…
North Carolina Ports has hired Benjamin M. Massa as the new Director of Carrier and Trade Development to further grow and expand container business at the Port of Wilmington. “NC Ports has experienced monumental growth in container business…
Mitsui O.S.K. Lines, Ltd. signed a Memorandum of Understanding with the Far East Investment and Export Agency under the Ministry of the Russian Federation for the Development of the Far East to cooperate with each other in the development of the Northern Sea Route and the Russian Far East…
MacGregor, part of Cargotec, and an international maritime business platform, SeaFocus, have announced a collaboration agreement that will support the companies in creating new cooperation models to benefit maritime trade and drive industry innovation…
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…
