DHAKA : A.P. Moller – Maersk (Maersk) on Monday announced the expansion of its warehousing footprint in Chattogram. Commissioned in cooperation with ISATL, Maersk has embarked on the second phase
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
MUMBAI : The Great Eastern Shipping Co Ltd, India’s biggest private ocean carrier by fleet size and revenues, said its January-March 2023 net profit soared 282 percent to
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
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
COPENHAGEN : Maersk has announced changes to its Asia – Europe network aiming to improve the reliability of its services and enhance their fuel efficiency. As of week
HAMBURG : Hapag-Lloyd has concluded the first quarter of 2023 with an EBITDA of USD 2.4 billion (EUR 2.2 billion). EBIT decreased to USD 1.9 billion (EUR 1.7
TEMPE : MSC Mediterranean Shipping Company, a global leader in transportation and logistics, announced plans to open its new MSC Tempe office, expanding the company’s network of locations