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Hapag-Lloyd invests in JadeWeserPort Wilhelmshaven

Hapag-Lloyd will acquire a 30% stake in Container Terminal Wilhelmshaven (CTW) and 50% of the shares of Rail Terminal Wilhelmshaven (RTW) at JadeWeserPort. The...

Los Angeles Port Chief Calls for More Federal Funding for Congested West Coast Ports

The U.S. federal government needs to invest more in West Coast ports, said the head of the Port of Los Angeles, which is the...

Port Throughput Stabilized During July – Drewry

The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 235...

Containers Piling Up At U.S. Rail Yards Add to Port Strains

To understand why more than 100 container ships are waiting to enter U.S. ports from Southern California to Savannah, Georgia, it helps to keep...

COSCO acquires 35% stake in Hamburg terminal

COSCO Shipping Ports Limited (CSPL) of China, has agreed with Hamburger Hafen und Logistik AG (HHLA) to acquire a 35% share in HHLA Container...

Thessaloniki Port sees increase in total revenues and throughput

Regarding the financial results of the 1st semester of 2021, Thessaloniki Port Authority (ThPA S.A.) released the first consolidated figures, including the 100% owned,...

August cargo volume exceeds 954,000 TEUs at port of Los Angeles

Strong American consumer demand has continued unabated for more than a year, evidenced by the steady amount of cargo streaming through the Port of...

DP World To Invest £300m In New 4th Berth At London Gateway Logistics Hub

DP WORLD announced that it will begin work next month on a new fourth berth at its London Gateway logistics hub to increase supply...

Piraeus port refilled with vitality under BRI cooperation – report

Over a decade ago, when Greece was trapped in a severe debt crisis and close to bankruptcy, Piraeus was still a decaying port standing...

U.S. Ports See Shipping Logjams Likely Extending Far Into 2022

Leaders of some of the busiest U.S. ports expect congestion snarling maritime gateways to continue deep into next year, as the crush of goods...

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Ports

Keppel Corp posts 9% drop in full-year profit

Singapore’s Keppel Corp said on Thursday its net profit for the year fell 9%, partly hurt by weak performance from its urban development business...

Stolt-Nielsen sees Q4 profits rise on strong markets

Stolt-Nielsen Limited reported unaudited results for the fourth quarter and full year 2022. The Company reported a fourth-quarter net profit of $95.3 million, with revenue...

Euronav delivers better-than-expected Q4 revenue

Euronav NV reported its non-audited financial results for the fourth quarter ended 31 December 2022. Hugo De Stoop, CEO of Euronav said: “Constrained vessel supply...

Wartsila: A challenging year with strong annual growth

HIGHLIGHTS FROM OCTOBER–DECEMBER 2022 Order intake decreased by 24% to EUR 1,638 million (2,150)Service order intake increased by 6% to EUR 791 million (747)Net sales...

Hapag-Lloyd achieves extraordinarily strong result in its anniversary year 2022

On the basis of preliminary and unaudited figures, Hapag-Lloyd has concluded the 2022 financial year – in which it celebrated its 175th anniversary –...

Baltic index hits over 2-year trough on waning demand for larger vessels

The Baltic Exchange’s dry bulk sea freight index dropped to its lowest level in...

Luxury Cruise Market Holds Much Promise For Greek & East Med Hidden Gem Destinations

The appeal of Greece and the East Mediterranean as an ideal region for luxury...

Baltic index falls to over 2-year low as larger vessel rates slide

The Baltic Exchange’s dry bulk sea freight index fell to its lowest since June...

Baltic index logs worst month in 3 years

The Baltic Exchange’s main sea freight index registered its biggest monthly percentage fall in...

Baltic index snaps 9-day losing streak as panamax, supramax rates rise

The Baltic Exchange’s main sea freight index snapped its nine-session losing streak on Tuesday,...

DP World wins bid for development of a mega-container terminal at India’s Deendayal Port

DP World has won a major concession to develop, operate and maintain the mega-container terminal at Deendayal port in Gujarat, on the western coast...

Luxury Cruise Market Holds Much Promise For Greek & East Med Hidden Gem Destinations

The appeal of Greece and the East Mediterranean as an ideal region for luxury cruising will be one of the main highlights of the...

Port of Los Angeles proposes cruise terminal project

The Port of Los Angeles is inviting comments on a draft Request for Proposals (RFP) for the future development of a new Outer Harbor...

Port of Long Beach Closes 2022 with Second-Busiest Year

The Port of Long Beach marked its second-busiest year on record by moving 9.13 million twenty-foot equivalent units in 2022, allowing for a return...

Hapag-Lloyd AG acquires share in J M Baxi Ports & Logistics Limited

Hapag-Lloyd AG signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a...