Maritime News

It could be some time before Cuban container cranes, such as these pictured in Havana, start lifting more volumes bound for international markets.
Commercial shipping's opportunities to do business with Cuba are unlikely to significantly improve until at least February 2018.

Cheaper production and material costs and sagging demand have contributed to the decline.

China's Zhuhai port is banking on increased trade with Pakistan and South America to help it more than double container traffic.

This is the first time United Arab Shipping Company's financials have been made public, revealing that the company's poor operating margins were exceeded only by Hanjin Shipping and Hyundai Merchant Marine.
Hapag-Lloyd revealed that the United Arab Shipping Company booked a loss in 2015 and is still losing money ahead of a shareholders’ meeting to clear the way for a merger.

Hutchison Port Holdings expects to open a second container terminal in Pakistan by October.

Hanjin Shipping has not been as fortunate in its liquidity crisis as compatriot Hyundai Merchant Marine, which reached an agreement with creditors in June.
Hanjin Shipping will submit a plan to raise liquidity to its largest creditor, the Korea Development Bank, on Thursday.

A new container terminal at the port of Algeciras, the future site of which is pictured in the foreground, would be a significant boost to Cosco Shipping Ports's international aspirations.
Cosco Shipping Ports is tipped as a likely frontrunner in the bidding for a tender to build and operate a third container terminal at the southern Spanish port of Algeciras.

Shipping Corporation of India, a ship of which is pictured, and Shreyas Shipping and Logistics blamed weak demand and freight rates for their first-quarter peformances.
Shipping Corporation of India and Shreyas Shipping and Logistics could not increase profits in the first fiscal quarter as they teamed up to corner coastal demand.

No surprises as a weak October encourages G6 to withdraw sailings on major east-west trades.

The ACL Atlantic Star is the first of the G4 class ships, whose combination of container and roll-on, roll-off capacity has helped the liner get through the onging downturn in the container sector.
ACL expects its new ships to provide an edge.