The world’s largest ship financiers, mostly German, could see their vessel assets, dominated by container ships, written down by up to 20 percent in the European Central Bank’s impending review of Eurozone banks’ resiliency.
29 Aug 2014
Rickmers Group said “strained” markets, currency exchange and weak charter rates contributed to revenue and profit declines in the first half of 2014, and that conditions will remain difficult through the rest of the year.
26 Aug 2014
German terminal operator Hamburger Hafen und Logistik (HHLA) has unveiled a new berth capable of handling the largest container ships at its Container Terminal Burchardkai at the Port of Hamburg.
25 Aug 2014
German-Russian business ties were on full display at a reception in St. Petersburg hosted by the Port of Hamburg, where politics was a main theme of discussion.
18 Aug 2014
Cargo is surging at northern European ports, but it’s not without consequences.
17 Aug 2014
Even with sustained growth in volumes across all major trade lanes, Hapag-Lloyd’s loss widened in the first half of 2014, in large part because of falling and volatile freight rates.
16 Aug 2014
Diversions related to the ongoing negotiations on the U.S. West Coast between the International Longshore and Warehouse Union and the Pacific Maritime Association continue to have an impact elsewhere.
14 Aug 2014
Containerized auto parts imports into the United States continued to trend upwards in the first half of 2014, in a market that has seen growth of over 10 percent in the past two years.
12 Aug 2014
Hapag-Lloyd swung to a €54.2 million ($72.6 million) net loss in the second quarter from a €20.9 million profit a year ago as falling freight rates and a weaker dollar offset a modest increase in container traffic.
07 Aug 2014
The port of Rotterdam today announced a series of measures to eliminate congestion at two large container terminals and free up quay and labor capacity for oceangoing vessels.
06 Aug 2014
Deutsche Post DHL booked a market-beating 5.6 percent increase in ocean container traffic in the second quarter, but it trailed growth rates of other top global freight forwarders.