»HK cargo up 10.3pc in April2014-05-20

Figures from the Hong Kong Marine Department show the port handled 1.96 million TEU in April, representing a year-on-year increase of 10.3 per cent from 1.78 million TEU in April last year.

»OOCL to be tried in French court in wrongful death of Courtenay Allan2014-05-19

Hong Kong's Orient Overseas Container Line (OOCL) faces negligence charges in a wrongful death case before a Le Havre court after a 10-year campaign by Courtenay Allan's sons resulted in a prosecution, according to Shipping Gazette.

»NOL posts US$98 million Q1 loss2014-05-19

Singapore's Neptune Orient Lines (NOL), which owns APL container shipping line, posted a first quarter net loss of US$98 million compared to a $76 million year-on-year profit, which included a $200 million gain from the sale of NOL head office building, according to Shipping Gazette.

»Scrapping hits new highs2014-05-19

Containerships bound for scrap are destined to reach a record high this year yet still new capacity will coming from the yards will continue to outweigh that deleted by a long shot, says Alphaliner. In the first four months of the year 212,000 TEU was demolished, an increase of 27 per cent compared to the same period last year.

»Cosco takes delivery of 13,386-TEUer2014-05-19

Cosco has taken delivery of its sixth of a series of eight 13,386-TEU ships, the Cosco Italy, ordered in May 2008 at the Nantong Cosco KHI Ship Engineering Co (NACKS) for US$166.8 million each, according to Shipping Gazette.

»Energy Prometheus ready to launch2014-05-19

Mitsui O.S.K. Lines, Ltd. announced that the coal carrier Energy Prometheus, which will be operated by MOL to ship coal to Hokuriku Electric Power Company, was completed on May 15 at the Oshima Shipbuilding Co., Ltd. Oshima Shipyard.

»Hanjin Shipping reports 2014 1st quarter sales of KRW 2.15 Trillion2014-05-19

Hanjin Shipping reported its 2014 1st quarter business results with total sales of KRW 2.15 trillion (USD 2.01 billion) and operating loss of KRW 62.2 billion (USD 58.1 million).

»Securing South Africa's ports is a matter of priority2014-05-19

Phumuzi Ernest Sigasa has taken up the reigns as the Executive Manager of the newly created Port Security Portfolio at Transnet National Port Authority (TNPA).

»The Port of Ghent achieves high environmental recognition2014-05-19

The Port of Ghent received a PERS certification during a dedicated ceremony at the ESPO annual conference in Gothenburg.

»Durban Port Manager set to retire2014-05-19

Transnet National Ports Authority (TNPA), Chief Executive, Mr. Tau Morwe has announced the upcoming retirement of the Durban Port Manager, Thami Ntshingila.

»Horizon widens quarterly loss 30pc2014-05-16

US Jones Act carrier Horizon Lines widened its net loss 30 per cent in the first quarter to US$26.3 million, drawn on revenues of US$251.9 million, down three per cent, according to Shipping Gazette.

»Matson profit plunges 167pc2014-05-16

Matson's first quarter profit fell 167 per cent year on year to US$3.4 million, drawn on revenues of $392.5 million, down 0.56 per cent.

»PIL to buy slots on US Pacific SW-Australia-NZ Oceania service2014-05-16

By taking slots PIL is to offer a southbound weekly service between the US Pacific south west, Australia and New Zealand on the PSW-ANZ Oceania joint service operated by Hapag-Lloyd, Hamburg Sud and ANL, according to Shipping Gazette.

»Taiwan's Evergreen sets its own course to growth2014-05-16

Taiwan's ocean carrier Evergreen has defended its strategies despite industry criticism it had hurt profit in reckless capacity increases, reports Lloyd's List.

»Finnlines selects Wärtsilä systems to reduce Baltic Sea environmental2014-05-16

With new stringent sulphur oxide (SOx) emission regulations due to be enforced from January 2015, Finnlines has ordered Wärtsilä Exhaust Gas Cleaning Systems for six of its Baltic and North Sea fleet of vessels. By selecting Wärtsilä scrubber systems, the vessels will be able to operate in compliance with the new environmental regulations while continuing to operate on heavy fuel oil. The Wärtsilä systems will also operate in compliance with the water discharge criteria set by regulators.

»International Paper is first recipient of the Port of Virginia's Grant Fund2014-05-16

International Paper¡¯s growing cargo volumes at The Port of Virginia are driving job growth in the maritime industry and that growth has led the company to become the first in the state to receive money from The Port of Virginia Economic and Infrastructure Development Grant Fund.

»Port of Rotterdam stands out at Antwerp trade fair2014-05-16

14 May, the port of Rotterdam launched its new campaign Rotterdam loves breakbulk for cargo such as steel, paper, project cargo and non-ferrous metals. This took place during the leading trade fair ¡®Breakbulk Europe¡¯ in Antwerp. The town on the Scheldt, as European market leader in breakbulk, is ¡®the lion¡¯s den¡¯. And that makes it the ideal place for the Rotterdam companies, following the start of the campaign during the day in the exhibition building, to entertain extra lavishly in the evening on the Grote Markt.

»APM Terminals Pipavav scaled down its capacity expansion plans2014-05-16

Pipavav port operator in Gujarat, APM Terminals Pipavav, has scaled down its capacity expansion plans for containers by 10 per cent and bulk terminals by 75 per cent, until demand picks up and more capacity is needed.

»HHLA successfully started into 2014 financial year2014-05-15

In the first quarter of 2014, Hamburger Hafen und Logistik AG (HHLA) increased its container throughput by 2.4 percent to 1.9 million standard containers (TEU). The volume transported by HHLA¡¯s Intermodal companies grew by 5.1 percent to 305 thousand TEU. The operating result (EBIT) improved by 4.8 percent to € 39.3 million. Group revenue increased by 6.8 percent to € 293.5 million.

»Asia-Europe container freight rates rise 7.4pc2014-05-15

Spot rates between Asia and northern Europe rose 7.4 per cent to $1,401 per TEU in the week ended on Friday, May 9, according to Shanghai Containerised Freight Index data.