COSCO Shipping
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Maritime
CMA CGM will not ship via Arctic waters as part of green pledge
Container ship firm plans pledge to coincide with upcoming G7 summit in France.
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Ocean shipping
Port Report: Shipping lines, ports pledge support to blockchain group
Four of the largest shipping lines and five ports operators committed to support a blockchain development platform for the shipping industry. Hong Kong-based CargoSmart said…
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Asia-Pacific
OOCL sells Long Beach terminal for US$1.78 billion
Overseas Orient Container Line (OOCL) has sold its Long Beach Container Terminal for US$1.78 billion (HK$13.973 billion) in cash, it was announced today by OOCL’s…
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Asia-Pacific
Port Report: Cosco Shipping wraps up first year with Orient Overseas Intl. results under belt
OOIL fleet boosts Cosco’s volumes and revenue, but rates were stagnant and high finance costs push profit lower.
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Asia-Pacific
Port Report: Finance and fuel costs impacted 2018 results for Asia’s ocean carriers
OOIL and Yang Ming see better revenue growth, but bottom line results diverge as finance and fuel costs hit results.
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Maritime
Depressed Asia to Europe freight rates to remain under pressure for four years
Overcapacity and low utilization rates have plagued the Asia to Europe trades for some years, and with a further 1.1 million TEU capacity set to…
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Container
Port Report: China and U.S. trade war aside, Port Tampa Bay looks to Asia for growth
New container service provides Florida greater and cheaper access to Asia’s exporters; start-up aims to reduce per-diem fees on containers.
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Australia
Port Report: Tragedy at Vale mine may impact ocean trade for iron ore, Stifel says
Dam collapse could pinch amount of ore heading to water; container crane falls on ship in Canada; Australian port tries to go clean.
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Container
Port Report: MSC tops mega-ship additions through 2020, but CMA-CGM not far behind
Capacity additions set to have knock-on effect for trades into North America; Australia’s port strike to cause Pacific Rim ripples.
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Container
Port of Long Beach gets funding for on-dock rail to lighten load from drayage fleet
Funding aims to keep Port’s market share as more freight moves to intermodal and off the roads.
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