A year ago, the European roll-on, roll-off market was rife with fears of carrier bankruptcies, shotgun sales and shuttered operations. Then the unexpected happened: Oil prices plummeted, and those fears haven’t just been allayed, but ro-ro carriers are on the verge of a mini-boom.
Zim Integrated Shipping Services announced the launch of a new service between Asia and the U.S. East Coast via the Suez Canal at the end of May.
Navios Group has acquired a further 14 ships at risk of bankruptcy from HSH Nordbank in the second deal between the NYSE-listed Greek shipowner and the German bank in the past two years.
APM Terminals, the Maersk group’s port operating arm, will officially open the world’s first fully automated container terminal in Rotterdam Friday.
Hamburg Sud remained in the black in 2014 even as falling freight rates on its key South American routes and a weaker dollar depressed revenues.
Panalpina’s earnings jumped 10 percent in the first quarter as a market-beating increase in ocean container volumes more than offset sluggish growth in air freight.
Rail freight transport has ground to a halt across Germany as a strike by locomotive engineers against Deutsche Bahn, the state-owned railway, enters its second day.
Frankfurt airport handled 6.4 percent less freight in March than a year ago as strikes by Lufthansa pilots resulted in the cancellation of intercontinental flights.
Maersk and Crowley Maritime Corp. have agreed to merge their salvage businesses, Svitzer Salvage and Titan Salvage, into a new company, Ardent, which will begin operations on May 1.
Duisburg, the world’s biggest inland port, boosted container traffic by 13 percent in 2014, outperforming its bigger rivals in the Le Havre-Hamburg range.
Zim Integrated Shipping Services is finally emerging from seven straight years of mounting losses and a multibillion-dollar restructuring that saved it from bankruptcy, its CEO Rafi Danieli says.
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