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Friday, November 8, 2024
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Maersk, MSC to end alliance from 2025

Denmark’s Maersk and Swiss-based MSC, the world’s largest container shipping companies, said on Wednesday they had agreed to end a vessel sharing alliance in...

Hapag-Lloyd acquires stake in the Spinelli Group

The responsible antitrust authorities have approved Hapag-Lloyd’s acquisition of a minority stake in the Spinelli Group, after signing took place in September 2022. With...

World’s biggest container ship skips India in blow to trade aims

Prime Minister Narendra Modi’s goal of making India the world’s factory risks being held back by the country’s inability to attract bigger container ships...

CMA CGM completes Russia exit with terminal stakes sale

French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company...

MSC Group completes acquisition of Bolloré Africa Logistics

MSC Group is pleased to confirm that its wholly owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics. The...

China Exports Collapse But Car Exports Remain Strong

China’s exports and imports both contracted at steeper paces in November as external demand continued to weaken and a worsening Covid outbreak disrupted production...

Drewry: Container Port Throughput Index Down 1% In September

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

Maersk continues green transformation with 6 additional large container vessels

Maersk announces that it has ordered a further six large ocean-going vessels that can sail on green methanol. The six vessels will be built by...

Hapag-Lloyd AG acquires terminal business of SM SAAM S.A.

Hapag-Lloyd AG and SM SAAM S.A. signed a binding agreement under which Hapag-Lloyd will acquire 100 % of the shares of SAAM Ports S.A....

Rival of Matson can proceed with antitrust lawsuit

Two Matson Inc subsidiaries must face claims from rival container shipping company American President Lines LLC that Matson is abusing its market power over...

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Genco announces Q3 2024 Financial Results

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for...

Altera Infrastructure announces divestment of Altera Shuttle Tankers L.L.C.

Altera Infrastructure Holdings L.L.C., a wholly owned subsidiary of Altera Infrastructure L.P., has entered into an agreement to sell all its membership interests in...

Odfjell SE 3Q24 results: Odfjell delivered another solid financial result

Odfjell SE today reported its results for the third quarter of 2024. Highlights: Odfjell’s strong performance on safety continues with high operational efficiency and no significant...

Seanergy reports record 9M profit, declares biggest-ever dividend

Seanergy Maritime Holdings announced its financial results for the third quarter and nine months ended September 30, 2024. The Company also declared a quarterly...

Navios Partners sees Q3 revenue increase on strong bulker market

Navios Maritime Partners, an international owner and operator of dry cargo and tanker vessels, reported its financial results for the third quarter and nine...

MSC cruises from Piraeus to mediterranean destinations in the winter season

· MSC Cruises offering first winter season with MSC Sinfonia departing Piraeus (Athens) weekly...

Baltic index rises as capesize vessel segment posts gain

The Baltic Exchange’s dry bulk sea freight index rose on Wednesday, supported by a...

CLIA names energy and transport leader as director general in Europe

Samuel Maubanc brings deep experience in climate policy and government relations leadership to the...

Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg

The “Hamburg Express” – the eponymous flagship of Hapag-Lloyd’s “Hamburg Express” class – was...

Baltic index rises as capesize segment logs gains

The Baltic Exchange’s dry bulk sea freight index rose on Tuesday, buoyed by rising...

MOL to build logistic center on Kobe’s Port Island

Mitsui O.S.K. Lines announced its decision to construct a logistics center, including two warehouses for dangerous goods and one warehouse for general cargo, on...

Piraeus Port posts record revenue and profits in Q3

PPA announces financial results for the third quarter of 2024, focusing on the financial performance and strategic developments which configures its growth. The Company continues...

CMA CGM and Marsa Maroc join forces to equip and operate container terminal in Morocco

The CMA CGM Group, a global leader in sea, land, air, and logistics solutions, signed with Marsa Maroc, a national leader in port terminal...

COSCO invests in Thailand’s largest port

COSCO SHIPPING Ports Limited announces its acquisition in 12.5% and 30% of the equity stakes in Thai Laemchabang Terminal Co., Ltd. (‘TLT’) and Hutchison...

Container throughput is the strongest climber in the port of Rotterdam in the third quarter of 2024

The throughput in the port of Rotterdam decreased by 0.4% in the first three quarters of this year. The total throughput therefore equalled 328.6...