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  • Strong Container Demand Pushes Maersk Line’s Profit Up Feb 12,2018

    Danish shipping giant Maersk Line reported a net profit of USD 584 million in 2017, against a net loss of USD 376 million seen a year earlier.The company’s revenue for the year increased by 14.9% to USD 23.8 billion, from USD 20.7 billion reported in 2016, driven by an 11.7% increase in the average ... [learn more]

  • Port of Maputo Prepares to Host Larger Ships Jan 15,2018

    The port handled a total of 18.2 million tonnes of cargo during the year, against 14.9 million tonnes seen in 2016, while the number of vessel calls dropped from 955 to 896 in 2017. However, although the port received 59 less ships calls, it saw 3.3 million of cargo more than a year before.The rise was mainly... [learn more]

  • Yang Ming to Spread Roots in Asia Dec 15,2017

    Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) has unveiled its plans to expand throughout Asia.The move comes on the back of the company’s third quarter 2017 profits and recapitalization campaign, in which it raised USD 343.4 million in public and private offerings.Ya... [learn more]

  • Northern Sea Wolf Handed Over to BC Ferries Sep 04,2017

    Canadian ferry operator BC Ferries has taken delivery of Northern Sea Wolf, the recently acquired vessel which is intended for the company’s new mid-coast ferry service.The delivery took place in Greece on August 30, 2017.In April, commissioner of BC Ferries approved the purchase of the secondhand v... [learn more]

  • Maersk Line Returns to Centr Port Wellington Aug 07,2017

    Danish container shipping giant Maersk Line has decided to resume its weekly container shipping service to Wellington, New Zealand.The service will return once CentrePort, Wellington port operator, has completed works that will allow its ship-to-shore cranes to operate.These works were required following dama... [learn more]

  • COSCO Shipping to Buy 51 Pct Stake in Spain’s Noatum Port Jun 19,2017

    Hong Kong-listed COSCO Shipping Ports Limited has entered into an agreement to purchase a 51 percent stake in the Spanish container terminal operator Noatum Port Holdings.The EUR 203 million (USD 228 million) worth deal includes the company’s container terminals in Valencia and Bilbao, as well as th... [learn more]

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