Category archives: Shipping Market

CMA CGM and CNAN NORD Spa join to develop shipping transportation in Algeria

CMA CGM, a leading worldwide shipping group, and CNAN NORD Spa, Algerian National Shipping Company, are pleased to announce that they signed a cooperation agreement on November 8th.

The agreement ...

Hapag-Lloyd intensifies activities in coffee transport

Coffee is one of the most widely traded goods in the world. Each year, roughly nine million tonnes are harvested globally and then exported across the world. About one in ...

CMA CGM releases third-quarter 2016 financial results

The Board of Directors of France’s CMA CGM Group, a leading worldwide container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to ...

THE Alliance announces plans for its competitive product

The members of THE Alliance announced today the details of the plan for their product starting from April 2017. THE Alliance plans to deploy a fleet of more than 240 ...

Maersk Line reports a third quarter loss of USD 116 million

Maersk Line reported a third quarter (Q3) 2016 result that is USD 380 million lower than Q3 2015. The overriding reason for the loss is decline in freight rates compared ...

The CMA CGM Group powers the new OCEAN ALLIANCE

Today, members of the new OCEAN ALLIANCE – the CMA CGM Group, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line – announced the proposed network of the largest shipping alliance ...

Moore Stephens says ship operating costs are set to increase for 2016 and 2017

Vessel operating costs are expected to rise in both 2016 and 2017, according to the latest survey by international accountant and shipping consultant Moore Stephens. Repairs and maintenance and spares ...

Shipping industry meets in Tokyo to discuss mutual challenges

Some 200 representatives of classification societies, shipbuilders and shipowners came together in Tokyo last week for their annual ‘Tripartite Meeting’ on issues of common interest.

The meeting, hosted by Class ...

Gearbulk and Grieg Star announce intention to enter into a joint venture

Gearbulk and Grieg Star announce their intention to enter into a joint venture to establish a highly versatile and customer oriented, world wide dry bulk shipping company.

The joint venture ...

Moore Stephens reports fourth successive year of decline in operating costs

International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4% in 2015. This compares with the 0 ...

NYK establishes logistics company for finished cars in Kenya

NYK has signed a joint-venture agreement with Bolloré Transport & Logistics Kenya Limited and Toyota Tsusho Corporation to establish Bolloré NYK Auto Logistics Limited, a logistics company for finished cars. In ...

NYK initiates new service transporting cars to Hai Phong

NYK has started a new car transport service “Ruffles Ao Dai RORO Express (REX)” linking Hai Phong in Northern Vietnam with Ho Chi Minh and Laem Chabang (near Bangkok). On ...

Official operning of Neptune Lines new service in the Gulf

Neptune Lines, the leading and multi-awarded for its services, logistics provider, offering shipping transportation solutions for manufacturers and shippers of vehicles and high and heavy cargo, announced the launch of ...

No reprieve for multipurpose shipping until 2018, says Drewry

The last three months have been some of the worst the multipurpose and project carrier sector has endured in living memory. The breakbulk and project cargo sector remain weak, with ...

BIMCO launches new analysis on the wider impact of the dry bulk crisis

BIMCO has today published the next in its series of reports looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties. The foundation for the ...

Moore Stephens reports second successive quarterly rise in shipping confidence

Shipping confidence, notably on the part of charterers and managers, improved for the second successive quarter in the three months to end-August 2016, according to the latest Shipping Confidence Survey ...

Norwegian Cruise Line reinforces commitment to growing China cruise market

Norwegian Cruise Line Holdings Ltd.  reinforced the company's long-term commitment to the China cruise market. Norwegian Cruise Line Holdings President and Chief Executive Officer Frank J. Del Rio appeared ...

Stena Line to add extra North Sea freight capacity on Rotterdam to Killingholme route

In response to demand on the routes from Rotterdam (Europoort and Hoek van Holland) to Killingholme, Stena Line is to add additional capacity by introducing a second ship from Europoort ...

A.P. Møller - Mærsk A/S splits into two separate divisions; Transport & Logistics and Energy

A.P. Møller - Mærsk A/S will become an integrated transport and logistics company with digitalised and individualised customer solutions.

Oil and oil related businesses, either individually or ...

Boskalis presses on with fleet rationalization, job cuts

Royal Boskalis Westminster N.V. (Boskalis) announces that its Works Council has unanimously rendered a positive advice on the fleet rationalization plan announced early July. Part of the positive advice ...

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