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Maersk’s Acquisition of LF Logistics a ‘Significant Milestone’

Maersk’s proposed $3.6bn acquisition of Hong Kong-based LF Logistics represents a “significant milestone” in its transformation into a global integrator of container logistics, according...

Bollore gets $6.4 bln offer from MSC for African logistics assets

The Bolloré Group announced that it has received an offer from the MSC Group, a major player in container transport and logistics, to acquire...

Maersk Makes Winter Weather Plans for Stormy North Atlantic

A record-breaking Atlantic hurricane season has severely disrupted transatlantic liner services, adding to capacity shortage issues on the route. Moreover, an acceleration in modal...

Maersk enters strategic partnership with Unilever

A.P. Moller – Maersk (Maersk) announced the signing of an international freight supply chain management partnership with Unilever effective from 2022. The four-year agreement will...

Shipping lines eye further increases in mid-December

All-inclusive trans-Pacific container shipping rates to North America held steady in the week to Dec. 10 with the expectation that shipping lines would push...

Germany probing sale of Maersk container maker to CIMC

Germany’s Federal Cartel Office is probing the proposed sale of Maersk’s refrigerated container manufacturing unit to China International Marine Containers, a spokesman for the...

Costamare orders eight containerships

Costamare announced today: • The execution of two shipbuilding contracts for containerships, • The exercise of options, under a legally binding option agreement, for six additional...

Shipping Alliances Drop Hundreds of Asia-North Europe Port Calls Due to Congestion

Nearly a quarter of the scheduled port calls of Asia-North Europe alliance loops were omitted in the past five months, according to an Alphaliner...

CMA CGM Group takes strategic step in logistics development

CMA CGM Group, a world leader in shipping and logistics, and Ingram Micro have signed a Share and Asset Purchase Agreement for the CMA...

Top 10 container shipping lines on track for $115-120 billion 2021 profit: Alphaliner

The 10 leading publicly listed container shipping lines are on track to earn a record $115 billion to $120 billion in profit in 2021,...

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Safe Bulkers Posts Strong Q4 Results

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited financial results for the three and twelve month periods ended...

Navios Partners Posts $1.3 Billion Revenues in 2023

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

TORM Announces Pricing of USD 200m Senior Unsecured Bond

TORM has successfully priced USD 200m of senior unsecured bonds due 25 January 2029. The Bonds will carry a fixed coupon of 8.25%, payable semi-annually....

TORM capital increase in connection with delivery of MR vessel & LR2 vessel

With reference to Company Announcement no. 22 dated 09 November 2023 where TORM plc (“TORM") announced the acquisition of eight LR2 product tanker vessels,...

Marinakis sells stake in Capital Product Partners to Yoda

Cyprus-based Yoda has purchased a stake from Evangelos Marinakis-led Capital Maritime & Trading in New York-listed LNG carrier owner Capital Product Partners. Yoda, which invests...

Posidonia 2024: Navigating Uncharted Waters in the Face of Global Challenges

Posidonia 2024 is already on track to be the biggest ever in the long...

Wallenius Wilhelmsen: Multi-year contract with Korea’s leading construction machinery company

Wallenius Wilhelmsen recently signed a significant multi-year shipping contract with Korea’s leading construction machinery...

Baltic Index Climbs For Third Straight Session On Firm Rates For Larger Vessels

The Baltic Exchange’s dry bulk sea freight index gained for a third straight session...

Höegh Autoliners Signs EV Deal with Major Asian Manufacturer

Höegh Autoliners ASA has signed a new contract with a major East Asian car...

Red Sea ship diversions boost bunker demand, prices in Africa, Mediterranean

The re-routing of a growing number of ships around Africa to avoid potential attacks...

Major investment implemented by Piraeus Port Authority

The inauguration ceremony for the project “Completion of the Expansion of RoRo - Heracleous Port” took place at the Car Terminal of PPA S.A. It...

African Ports See Higher Refueling Demand as Vessels Round Cape

African ports from Namibia to Mauritius are becoming more popular as refueling stops for vessels shunning security threats in the Red Sea. The Namibian port...

Plaquemines Port, APM Terminals to develop major container terminal

Plaquemines Port Harbor and Terminal District (Plaquemines Port) proudly announces the execution of a letter of intent with APM Terminals to build a state-of-the-art...

Piraeus registered historical high in cruise passengers last year

Piraeus has posted a new record in cruise passengers according to last year’s figures announced on Thursday, while another record is expected during 2024. According...

Sale of APM Terminals Castellón to Noatum Terminals Completed

After careful evaluation, APM Terminals has decided to divest its terminal facility in Castellón, Spain (APM Terminals Castellón) upon reaching an agreement with Noatum...