Cargo traffic at Port of Osaka in western Japan fell 13.9% year on year (y/y) in May to 6.205 million tonnes as both domestic trade and foreign trade shrank sharply. The preliminary figures were ...
Port of Osaka’s cargo traffic falls in May
CMHI’s 1H profits up 29%
China Merchants Holdings (International) (CMHI)'s profits have risen 29% year on year (y/y) to HKD2.8 billion (USD361.3 million) in the first six months of 2015 due to a growth in port-related ...
Star Bulk losses widen
Star Bulk has reported escalating quarterly losses as it continues to downsize its fleet. The NASDAQ-listed dry bulk company posted a net loss of USD65 million for 2Q15 versus a net loss of USD3 ...
Rough year for shipping stocks
US-listed shipping equities have partially recovered from recent lows, but remain sharply down for the year. At the closing bell on 28 August, the 53 shipping companies listed on NYSE and NASDAQ were ...
CMA CGM Q2 profit up 67%
French container line operator CMA CGM showed "strong and profitable growth" in the second quarter as consolidated net profit rose 67% year on year to USD 156 million. Group revenues dipped 2.1% to ...
Swire Shipping expands its Asia Pacific service
Swire Shipping announced today it would be expanding two key services in the Asia Pacific linking New Zealand, Australia and Papua New Guinea, at the same time rebooting its Australia-South East Asia ...
Rotterdam considers joint venture in Indonesian port project
The port of Rotterdam has gone into partnership with Indonesian port corporation Pelinda 1 on the planned new Kuala Tanjung deep water port near the city of Medan in North Sumatra in the Strait of ...
MyFerryLink seafarers end new Calais blockade
Ferry services were back to normal at the port of Calais this morning after action by French seafarers yesterday evening halted sailings at the port for several hours, causing long delays for several ...
Salvage divers enter Sewol ferry
Salvage divers working to hoist the capsized Sewol ferry have gained entry into the vessel. South Korea's Ministry of Oceans and Fisheries announced that the team made a breakthrough when salvage ...
News insight: Cargo insurers faced with migrant challenges
Illegal attempts by migrants to enter the United Kingdom via Calais have created new challenges for the insurance sector Cargo underwriters have been receiving calls from clients desperate to ...
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