Hapag-Lloyd is buying back $125 million of a costly U.S. dollar bond two years before it is due to mature in a bid to improve its capital structure and reduce interest payments.
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The shipping industry is bracing for a carbon levy on marine bunker fuels to emerge from the global climate change conference that started in Paris Monday.
Rotterdam dock workers are planning a series of 24-hour strikes over the next two months to protest possible lay-offs at the port’s newest container terminals.
Zim Integrated Shipping Services’ financial recovery is gathering pace as the Israel-based ocean carrier posted its fourth consecutive quarterly operating profit in challenging market conditions.
The potential acquisition of Neptune Orient Lines by CMA CGM would mark the biggest consolidation in container shipping based on the capacity of the targeted carrier, according to Alphaliner.
The fleet of idle container ships above 500 twenty-foot-equivalent units has surged to a five-year high of 1.2 million TEUs and more vessels will join the jobless queue in the coming weeks,...
Eimskip is eyeing fleet expansion after the Iceland container shipping and refrigerated logistics group, posted its best quarterly result since 2009.
The government of Italy has unveiled plans to partially privatize the state rail operator, Ferrovie dello Stato, in 2016.
The government of Greece has again extended the bidding process for the sale of the port in Piraeus — the country’s largest — this time at the request of the potential purchasers.
DFDS’s record quarterly profit has highlighted the rebound in northern Europe’s short sea shipping traffic and the positive impact of low fuel prices as ships face tougher environmental standards.
APM Terminals has opened the expanded Aqaba Logistics Village, a multi-purpose distribution center close to Jordan’s main container port.
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