Even as it shot down an ambitious plan by Europe’s three largest ocean carriers to join forces, China was beefing up its bid to create a continental gateway to distribute its products across its largest export market.
19 Jun 2014
Greece has received expressions of interest from eight companies bidding for a majority stake in the Thessaloniki Port Authority (OLTH), the operator of the country’s second largest seaport.
04 Jun 2014
Greek shipowners are faced with a decision: increase investments in more efficient container ships to stay competitive, or return to their roots in bulk shipping.
01 May 2014
Costamare posted higher revenue and earnings in the first quarter, as the Greek charter shipowner expanded its container fleet.
01 May 2014
Greece has received expressions of interest from six companies seeking to bid for a majority stake in the port of Piraeus, its largest container port and an emerging Mediterranean transshipment hub.
19 Feb 2014
A depressing air of déjà vu enveloped the Hamburg shipping community when Greek container ship owner Danaos announced that it is taking a $19 million hit on the debt restructuring of Zim as it cuts the charter rates of six ships on hire to the Israeli ocean carrier.
18 Feb 2014
CMA CGM has extended its FEMEX service in the Black Sea with the addition of three new calls in Samsun, Turkey; Novorossiysk, Russia; and Constanta, Romania.
04 Feb 2014
Goldenport, the Greek shipowner, trimmed its losses in 2013 as a recovering dry bulk market countered the impact of a fifth consecutive year of weak container ship charter rates.
06 Nov 2013
Major merger and acquisition activity in the global transportation and logistics industry was nothing spectacular in the third quarter, but a potential wave of privatization of ports, airports and roadways could energize the market in the coming year.
06 Nov 2013
Greek longshoremen have joined a 24-hour nationwide strike today called by labor unions to protest austerity measures imposed by international lenders on the crisis-mired country.
24 Oct 2013
Costamare’s net income jumped to $20.9 million in the third quarter from $12.5 million a year ago as the Greek charter shipowner ordered its first container vessels with its U.S. equity partner, York Capital Management.