Tuesday, October 16, 2018

Container shipping

Busan New Port berths to be deeper than expected

Busan New Port berths to be deeper than expected

Two of the three berths to be built as part of Busan New Port’s Phase 2-4 are set to be dredged to 18 m...
Hanjin Share price falls

Hanjin Shipping shares sink following European business closure announcement

Hanjin share prices took a dive on Monday after the company announced it would close its European business. A court in Seoul overseeing the company's...
CMA CGM seek M&A opportunities

CMA CGME pays down $1.6 billion NOL purchase loan and seeks...

Since completing the acquisition of Neptune Orient Lines (NOL) in June, 2016, CMA CGM has already paid back half of the $1.6 billion borrowed...
Vado reefer terminal

COSCO secures part of Vado terminal

APM Terminals has agreed the sale of a minority share to both COSCO and Qingdao Port International Development Co, in a new joint venture...
Hanjin in talks to sell Long Beach Terminal Stake to MSC

Hanjin in talks to sell Long Beach Terminal Stake to MSC

Hanjin Shipping Co Ltd chose an advisor to seek a potential sale of its stake in Long Beach Terminal with the approval of the...
Carriers Financial stability hits record low according to Drewry

Carriers Financial stability hits record low according to Drewry

Maritime analyst Drewry announced that following the release of carriers’ first-half 2016 results that its carrier financial stress index hit the lowest ever point since...
Cosco: Every Port in the Storm

Cosco: Every Port in the Storm

It seems Baron Rothschild’s renowned words “When there is blood on the streets, buy land” have been taken to heart by Cosco. With the ocean...
NYK Line financials 2016

NYK Line to Book Extraordinary Loss

Japanese shipping line Nippon Yusen warned it would book an extraordinary loss of about $1.9 billion in the second quarter, forced by a deep...

Air freight