ZIM announces investment in Spinframe
HAIFA : ZIM Integrated Shipping Services Ltd, along with other investors, announced the initial closing of an $8 million financing round in Spinframe. ZIM led this investment as part of
MSC containership fleet to hit 5m teu capacity this month
GENEVA : MSC is set to be the first container line to have fleet of 5 million TEUs in capacity later this month according to analyst Alphaliner. MSC
A.P. Moller – Maersk announces ‘Al Maha’ Ocean Service connecting the Middle East and West Afr
DUBAI : A.P. Moller – Maersk (Maersk) announced ocean shipping service, ‘Al Maha’, that will commence its rotation in June 2023. The ‘Al Maha’ service will rotate between the
Joerg Sonne appointed Senior Managing Director of Hapag-Lioys’s North Europe Region
HAMBURG : Mr. Joerg Sonne will become Senior Managing Director of Hapag-Lloyd’s North Europe Region, succeeding Martin Rolf, who will take over the position of Managing Director Human
Aramex and AD Ports Group form JV to develop new NVOCC Enterprise
ABU DHABI : Aramex, the Middle East’s biggest listed courier company, has signed an agreement with Abu Dhabi Ports Group to set up a joint venture to serve the freight forwarding
A.P. Moller – Maersk expands its warehousing footprint to over half a million sq. ft. in Banglad
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
Construction starts on COSCO’s 2nd 700 TEU electric containership
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
HMM Q1 profits plunge 91%
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
Yang Ming’s first quarter profit exceeds US$110 million
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
Great Eastern Shipping net profit up 282 % at Rs721.94 cr for Jan-Mar quarter
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
