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 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 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...
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 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
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
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 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...
