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The carrier and ports group said revenue on all major trades, except its domestic network, fell in the first quarter, resulting in a 13% drop in revenue from container shipping.
Cosco’s transaction is a charter deal with New York-listed, Greece-based Costamare Inc. for 16 container ships — a dozen 9,300-TEU vessels and four 3,100-TEU ships.
Cosco’s transaction is a charter deal with New York-listed, Greece-based Costamare Inc. for 16 container ships — a dozen 9,300-TEU vessels and four 3,100-TEU ships.
“The conflict in the Middle East has posed significant challenges to the safety and stability of global shipping,” China’s biggest container liner said.
The Balboa port is one of two terminals along the strategic Panama Canal that have become a flashpoint in the intensifying rivalry between the U.S. and China in Latin America.
A unit of Hong Kong’s CK Hutchison said that Maersk had undermined a contract over operations of ports at either end of the Panama Canal.
China Merchants Group has reportedly entered into the negotiations in an effort to advance the stalled talks regarding the sale of CK Hutchison’s por...
Cosco Shipping Specialised Carriers, the Chinese group’s multipurpose arm, yesterday launched a regular service to ship used cars from Incheon to North Africa in containers. This i...
The move coincides with plans by XCTG to develop new berths, upgrade existing berths, and develop a multimodal smart logistics center.
The Abu Dhabi group is following its larger Dubai-based neighbor DP World in growing its end-to-end reach across the container shipping sector.
PSA International has secured an investment in Xiamen Container Terminal Group through a public bidding process. The group operates eight container terminals with a combined annual...
Just 20 ports handle over half of the world's shipping volume. Most of these ports are on a single continent.
Hong Kong-based conglomerate CK Hutchison's Panama unit has launched an arbitration against Maersk after the takeover of two strategic ports near the Panama Canal which are at the...
THE FINANCIAL TIMES reports: China demanded Europe’s two largest shipping companies cease operating ports on the Panama Canal, just weeks after they took over from a Hong Kong-base...
Cosco Shipping Lines has introduced a new North Africa Express (NAX) service connecting key ports in China with Libya, expanding its presence in the region. The service operates wi...
AD Ports Group awarded three major contracts worth approximately AED 735 million (USD 200 million) for the development of the Noatum Ports Pointe-Noire Terminal in the Republic of...
CK Hutchison, the Hong Kong-based ports giant, has filed an arbitral claim against AP Moller-Maersk. The case expands on an earlier arbitral claim th...
The deal is the latest in a growing trend by cash-rich carriers to develop terminals, particularly in Asia and especially in Vietnam, as they move to secure access at key regional...
The deal is the latest in a growing trend by cash-rich carriers to develop terminals, particularly in Asia and especially in Vietnam, as they move to secure access at key regional...
CK Hutchison’s Panama-based subsidiary, Panama Ports Company (PPC), is preparing to initiate arbitration proceedings against Maersk over the takeover of two strategic ports near th...
The ocean carrier said it would no longer call Oakland on one of its trans-Pacific services, with another service into the Pacific Northwest dropping a Vietnam call.
Main construction started Friday and includes the development of four berths capable of handling ships of more than 21,000 TEUs, plus 15 berths for regional feeder vessels.
The Jacksonville Port Authority said Wednesday the Ocean Alliance will include the port on its Chesapeake Bay Express (CBX) service rotation as of this June.
PortSide Stories: Ningbo-Zhoushan China’s Industrial Gateway to the World The Port of Ningbo-Zhoushan sits on China’s eastern coastline. It is one of the busiest ports in the world...
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