SHIPPING
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APL launches Japan Straits Express
March 10, 2017 - APL has expanded its intra-Asia network by launching the Japan Straits Express service. The new weekly service connects...
CEVA 2016 revenue down despite volume growth
March 10, 2017 - CEVA Holdings LLC posted a revenue of US$6.6 billion for 2016, a year-on-year decrease of 1.4% in constant currency,...
Port of Hamburg widens Vorhafen harbour entrance
March 9, 2017 - The Port of Hamburg has completed the widening of the entrance to the Vorhafen harbour basin, clearing the way for...
ICTSI orders mega-vessel equipment for MICT
March 7, 2017 - International Container Terminal Services Inc. is close to ordering five post-Panamax quay cranes and 20 rubber-tyred...
Maersk and IBM collaborate on blockchain technology for shipping
March 7, 2017 - Maersk and IBM are to work together to create a solution to modernize the shipping and logistics industry using...
Port of Long Beach to receive zero-emissions equipment grant
March 7, 2017 The California Energy Commission has given notice of a proposed US$9.7 million grant to the Port of Long Beach to fund...
ZIM posts net loss for 2016 despite Q4 profit
March 7, 2017 ZIM made a net loss of US$163.5 million in 2016 even though it posted a net profit of US$4.6 million in the last...
Panalpina posts higher air freight volume but lower overall profit for 2016
March 3, 2017 The Panalpina Group made a consolidated profit of CHF80.2 million (US$79.2 million) in 2016, a year-on-year decrease of...
K+N posts record earnings
March 3, 2017 The Kuehne + Nagel Group made a net profit of CHF720 million (US$710 million) in 2016, a year-on-year increase of 6%,...
Hapag-Lloyd volume up but revenue down in 2016
March 2, 2017 Hapag-Lloyd posted a revenue of €7.7 billion (US$8.11 billion) for 2016, a year-on-year decrease of 12.5%, according to...
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