A depressing air of déjà vu enveloped the Hamburg shipping community when Greek container ship owner Danaos announced that it is taking a $19 million hit on the debt restructuring of Zim as it cuts the charter rates of six ships on hire to the Israeli ocean carrier.
18 Feb 2014
CMA CGM has extended its FEMEX service in the Black Sea with the addition of three new calls in Samsun, Turkey; Novorossiysk, Russia; and Constanta, Romania.
04 Feb 2014
Goldenport, the Greek shipowner, trimmed its losses in 2013 as a recovering dry bulk market countered the impact of a fifth consecutive year of weak container ship charter rates.
06 Nov 2013
Major merger and acquisition activity in the global transportation and logistics industry was nothing spectacular in the third quarter, but a potential wave of privatization of ports, airports and roadways could energize the market in the coming year.
06 Nov 2013
Greek longshoremen have joined a 24-hour nationwide strike today called by labor unions to protest austerity measures imposed by international lenders on the crisis-mired country.
24 Oct 2013
Costamare’s net income jumped to $20.9 million in the third quarter from $12.5 million a year ago as the Greek charter shipowner ordered its first container vessels with its U.S. equity partner, York Capital Management.
11 Oct 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November.
02 Oct 2013
Navios Maritime Holdings has taken delivery of two Panamax vessels for its owned fleet.
24 Sep 2013
Diana Containerships, through a separate wholly-owned subsidiary, has taken delivery of the Pucon, a 2006-built post-Panamax container ship of about 6,500 20-foot-equivalent capacity.
16 Sep 2013
Capital Product Partners, a Greece-based tanker owner, has acquired three more container ships for $195 million.
09 Sep 2013
Cosco Pacific is set to boost capacity at its container terminals in Piraeus, Greece, amid reports that the company plans to bid for a majority stake in Greece’s largest port.