Maritime News

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.

The late June opening of the larger locks of the Panama Canal has put pressure on the chartering of Panamax ships.
The idle container ship fleet is back to more than 1 million 20-foot-equivalent units after a brief dip in July.

DFDS got a boost from British competition regulators, who told rival Eurotunnel it could no longer operate cross-channel maritime services.
DFDS raised its full-year outlook and increased profit following a strong second quarter at a time other transportation companies have posted losses or downgraded their full-year outlooks.

Incheon Port, pictured, in the first half recorded its largest ever throughput for a half-year period with 1.24 million TEUs.
The new CC1-CC2 was made from the merging of two Asia-North America West Coast Central China products into a new Central China Combo service.

Stiff competition among new alliances and continued capacity additions, led by Mediterranean Shipping Co., could keep container shipping rates depressed well into next year.
Don’t expect any significant increase in container freight rates next year.