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Li family accused of betrayal in Hutchison terminal sale

Container News Team - 0
Chinese state media Ta Kung Pao has accused the owners of CK Hutchison of betraying the interests of the Chinese people, following the company’s...
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Hanwha takes stake in Australian shipbuilder Austal

Antonis Karamalegkos - 0
South Korean business conglomerate Hanwha Group now holds a 9.9% stake in Australian shipbuilding firm Austal, according to an exchange filing. The filing revealed that...
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Triton acquires GCI in a deal exceeding US$1 billion

Container News Team - 0
US container leasing company Triton International will buy its compatriot competitor Global Container International (GCI), according to a report by DynaLiners. The transaction, including outstanding...
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Geopolitics, tariffs and war result in rates bloodbath

Container News Team - 0
A rates bloodbath is shaping up as fundamentals in supply and demand finally overwhelm the black swan events that have seen shipping lines bank...
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Evergreen’s financial figures skyrocket in 2024

Container News Team - 0
Taiwan's major shipping company Evergreen Marine Corporation announced improved financial results during 2024. In particular, the ocean carrier reported revenue of TWD 463.6 billion (US$14.1...
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Australian competition body raises concerns over DP World’s Silk Logistics acquisition

Container News Team - 0
The Australian Competition and Consumer Commission (ACCC) has outlined preliminary concerns about DP World Australia’s proposed acquisition of Silk Logistics. DP World Australia operates container...
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OOCL posts solid revenue and profit growth

Ioanna Kontos - 0
Orient Overseas (International) Limited, owner of Orient Overseas Container Line (OOCL), has reported strong financial results for the full year 2024, with a total...
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HMM must not be slanted towards containers, says KOBC boss

Container News Team - 0
The new president of Korea Ocean Business Corporation (KOBC), HMM’s second-largest shareholder, said that South Korea’s flagship container line should diversify further beyond its...
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SM Line’s vessel loses containers in Canada due to weather rolling

Antonis Karamalegkos - 0
SM Line-operated 4,228 TEU container ship SM Portland has reported significant cargo damage and container losses while transiting to Vancouver, Canada through the Bering...
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HMM’s helm changes hands

Antonis Karamalegkos - 0
South Korea's major container carrier HMM has named Choi Won-hyuk as its new Chief Executive Officer (CEO). The 65-year-old shipping veteran was selected as the...
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CMA CGM invests US$20 billion to strengthen US maritime and supply chain

Ioanna Kontos - 0
CMA CGM Group, a global container shipping company and the owner of US flag liner operator American President Lines (APL), has announced a US$20...
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CMA CGM poised to overtake Maersk as second-largest liner operator

Antonis Karamalegkos - 0
French shipping company CMA CGM is set to become the second-largest ocean carrier in the world. The Marseille-based shipping line is poised to surpass...
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Latest Posts

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

CN Premium Articles Container News Team - 0
As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...
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MSC and ZIM downsize joint Far East-US East Coast service network

Services Antonis Karamalegkos - 0
In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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US sanctions target Iran-China oil trade, stirring waves across global shipping

CN Premium Articles Alexandros Itimoudis - 0
As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States,...
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AD Ports Group reports strong Q1 results

News Container News Team - 0
AD Ports Group delivered a solid financial performance in the first quarter of 2025, with significant year-on-year growth in revenue, earnings, and profits. Revenue for...
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Clarksons: Tariffs could see negative growth for container shipping

CN Premium Articles Container News Team - 0
Clarksons has warned that container shipping demand could regress if the US-China tariff war continues beyond this quarter. (adsbygoogle =...
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