Eurokai’s first-half profit surged, but the leading pan-European container terminal operator cautioned the industry faces an uncertain future.
More from Bruce Barnard
Strong liner-terminal relations could protect and grow the volumes of ports and terminals around the world, but maybe not, as there are also more powerful factors at play.
Hapag-Lloyd shareholders Friday paved the way to a merger with United Arab Shipping Company and creation of the world’s fifth-largest container shipping line.
Rotterdam dockers have voted in favor of an agreement on job security in the container sector.
Germany’s Rickmers Holding and ER Capital have dropped plans to merge their ship management operations.
Cheaper production and material costs and sagging demand have contributed to the decline.
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.
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.
The idle container ship fleet is back to more than 1 million 20-foot-equivalent units after a brief dip in July.
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.
DP World’s profit surged in the first half and the global container terminal operator said it will continue to outpace market growth.
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