China Cosco Holdings has told investors it believes subsidies from Beijing for scrapping and upgrading its fleet will push the state-owned line to a $306 million first half net profit.
The Port of Miami posted double-digit container volume growth in June, a testament to the port’s concerted effort to boost organic growth and preserve business diverted from the U.S. West Coast during the port congestion crisis in late 2014 and early 2015.
Mitsui OSK Lines this week said it is launching a barge terminal operation company in Bangkok aimed at moving goods more speedily and efficiently from Thailand's gateway port of Laem Chabang to the capital of Bangkok.
Low Asia-Europe spot rates have forced NOL Group to renegotiate contract rates with some shippers.
Diana Containerships, the Greek charter ship-owner, posted increased second-quarter net income of $891,000 against $633,000 a year ago.
China Shipping Container Lines has placed orders for eight 13,500 twenty-foot-equivalent container ships at Shanghai Jiangnan Changxing Shipbuilding, continuing the aggressive fleet expansion began last year.
Long Beach Container Terminal, which will open a terminal early next year the Port of Long Beach has billed as the world’s greenest container terminal, received the Mayor’s Green Port award Wednesday at ceremonies marking the 10th anniversary of the Long Beach Green Port program.
LONDON – NOL Group swung to a net profit of $890 million in the second quarter from a $54 million loss a year ago, almost entirely due to the gain from the sale of APL Logistics to Japan’s Kintetsu World Express.
Matson plans to invest roughly $30 million in upgrades and new equipment into the new Alaska services it acquired from now-defunct Horizon Lines in May.
While politicians wrangle over the Greek debt crisis and economists speculate on the lasting impact to the European and global economy, a decision on who controls a container quay miles away from Athens could reshape European supply chains.