International Container Terminal Services Inc (ICTSI) posted net income attributable to equity holders of $40.7 million, up 15 percent over the $35.4 million earned in the same period last year.
The container shipping arm of Singapore' Neptune Orient Lines (NOL), APL, has taken its third of ten 14,000-TEU ships built by Hyundai Samho for service on its Far East-Europe service.
Technomar, a Greek shipowner, has taken a delivery of seven of eight 6,673-TEU ships on order since 2011 from South Korea's Hyundai Samho of Mokpo, of which four are taken by its partner International Maritime Enterprises.
Athens' Paragon Shipping, a mostly drybulk shipping company has announced that it has signed a deal for a US$69 million credit facility with China Development Bank to partially pay for two 4,800-TEU vessels under construction, the Shipping Gazette informs.
The International Association of Dry Cargo Shipowners (Intercargo) has expressed satisfaction that the UN's International Maritime Organisation (IMO) has eased rules on waste water dumping when no compliant portside facilities exist, the Shipping Gazette informs.
Germany's Hapag-Lloyd is to launch the sixth of ten 13,200-TEU ships, the Essen Express, on Loop 5 of its G6 Alliance Asia-Europe following delivery by Hyundai Heavy Industries (HHI).
Singapore's Pacific International Lines (PIL) has started a new China-SE Asia-Red Sea (RS 2) weekly service focusing on the lower Red Sea ports and deploying seven ships with capacities of between 2,800 TEU and 4,200 TEU.
Mediterranean Shipping Co. will boost rates for all cargo on its route from Asia, excluding Japan and Bangladesh, to North Europe, the U.K., Scandinavia and the Baltics, effective July 1, by $750 per 20-foot-equivalent unit.
Denmark's DFDS reported its pre-tax loss in the seasonally weak first quarter widened to 118 million kroner ($ 20.5 million) from 98 million kroner ($17 million) a year earlier, as cargo traffic stalled on its key North Sea and Baltic shipping routes.
Chinese port operator Cosco Pacific has agreed to sell its entire 21.8 percent stake in container maker China International Marine Containers (CIMC) to its state-owned parent company for US$1.22 billion in cash.
Latest model in successful series to make its first appearance in Italy for patrolling tasks in Mediterranean basin waters.
The G6 Alliance and Zim have selected Shenzhen's Da Chan Bay terminal for its tranpacific New Asia-US East Coast Service (SCE), the terminal operator announced.
Cosco is to increase capacity 45 per cent on its transpacific CEN service with Evergreen and Wan Hai taking slots, reports Alphaliner.
Thome Group, Singapore's first independent and now leading ship manager, proudly celebrates its 50th anniversary this year as it continues to expand its global footprint.
The Israeli government is planning to issue a tender to build a privately run seaport in the coming months, pledging to end the monopolies of the two main ports of Ashdod and Haifa, Haaretz reports .
Ocean carriers are paying a heavy price for failing to rein in capacity on the Asia-Mediterranean route despite the deepening economic crisis across southern Europe, according to shipping consultant Drewry.
Singapore's Rickmers Maritime Trust said its 101.7 million rights issue was 1.5 times oversubscribed.
State-owned China International Marine Containers (CIMC), the world's largest producer of shipping containers, has postponed a bond sale after global fund managers baulked at the interest rate, according to two people with direct knowledge of the matter, reported Dow Jones Newswires.
Russian Maritime Register of Shipping (RS) has accepted MGVK-300 diving system to its class. The system is a modular setup for deep diving designed for simultaneous work of 9 persons at a maximum depth of 300 metres. This is the first diving system in RS class designed to operate at such a depth.
The MARTIN BENCHER GROUP, a professional shipping and forwarding service provider announced that it has been certified a standard of ISO 9001:2008 in Scope of Supply for transport and handling of cargo.