April container volumes swell 13.34% at Saudi Ports
RIYADH : Container throughput during April 2023 grew at an annual rate of 13.34% from 601,429 TEUs to 681,663 TEUs as per monthly statistics released by the Saudi
RIYADH : Container throughput during April 2023 grew at an annual rate of 13.34% from 601,429 TEUs to 681,663 TEUs as per monthly statistics released by the Saudi
ABU DHABI : AD Ports Group has announced a strong set of first-quarter results with net profit rising 18% to AED363 million ($99 million) and revenue soaring 73%
DENMARK : A.P. Møller Holding A/S has acquired Maersk Supply Service A/S from A.P. Møller – Mærsk A/S, through closing of the transaction previously announced. In connection with the
SHANGHAI : Chinese shipbuilder COSCO Shipping Heavy Industry (Yangzhou) has started the construction of the second 700 TEU electric containership for COSCO Shipping. As informed, the construction ceremony
SEOUL : HMM reported a first quarter profit for 2023 of KRW285bn ($212m) a drop of 91% compared to the same period in 2022. Revenues for Q1 2023 were KRW2.08trn
TAIWAN : Yang Ming reported first quarter revenues of US$1.22 billion and net profit of US$112 million with earnings per share (EPS) of NT$0.97. According to the Taiwanese
TEHRAN : Iran has detained a third tanker in the space of 19 days, as the confrontation over the control of maritime assets in the Persian Gulf heats
SINES : The Liberian container vessel MSC TESSA set a milestone record by calling at the Port of Sines in Portugal on 14 April 2023, during its maiden
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell the most in three weeks on last Thursday, pressured
PANAMA : From their vantage point in cranes overlooking the Panama Canal, operators scrutinize the century-old walls of one of its locks as the high-pitched siren of a