Westports Records Throughput of 9m TEUs

 Malaysian port operator Westports Holdings Berhad  recorded FY17 container throughput of 9m TEUs which declined 10% YoY, in-line with our expectation of a poorer throughput outlook for the year.    The decline was mainly due to drop in transhipment, while cushioned by strong growth in the gateway. Meanwhile, full compliance of MFRS 15 effective FY18 […]

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Korea's HMM, SM Line Join Hands

 South Korean container shipping company SM Line Corporation looking forward to working with its larger compatriot rival Korean flag carrying ocean-going shipping company Hyundai Merchant Marine (HMM) as it looks to start services to the US West Coast, reported Business Korea.   The report quoted company sources saying that SM Line is proposing various cooperation […]

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Hapag-Lloyd Bullish on Mexico

After evaluating performance in 2017, the German shipping line serving sectors such as pharmaceuticals, the automotive industry and the technology sector in Mexico expects maritime shipping volumes to experience double-digit growth in 2018 and foresees a continuous increase in cargo volumes.   On holding its annual meeting with Latin American leaders in Mexico, the shipping line Hapag-Lloyd pointed to […]

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NASSCO Begins Building Matson’s LNG-ready ConRos

San Diego shipyard General Dynamics NASSCO said it has begun building the first of two liquefied natural gas (LNG)-capable combination containership/roll-on, roll-off (ConRo) vessels for Matson Navigation Company, Inc., a wholly owned subsidiary of Matson, Inc. The 265-meter-long, 3,500 TEU Kanaloa class design was developed by the shipyard in partnership with Daewoo Ship Engineering Company, […]

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CMA CGM’s Dual-fuel Mega Ships to be Built to BV Class

All nine of CMA CGM’s new gas-fueled Ultra Large Containerships will be built to Bureau Veritas (BV) class rules and under BV newbuilding supervision. The two China State Shipbuilding Corporation (CSSC) shipyards that will be building the nine 22,000 TEU containerships, Jiangnan Changxing Shipbuilding Co., Ltd. (Hudong Zhonghua) and Shanghai Jiangnan Changxing Heavy Industry Co., […]

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Maersk Completes Hamburg Süd Acquisition

 The transaction between Oetker Group and Maersk Line for Maersk Line’s acquisition of Hamburg Süd, the German container line, was closed on 30 November 2017.   On 1 December 2016, Maersk Line announced its intention to acquire Hamburg Süd. The acquisition triggered a regulatory approval process in 23 jurisdictions which was successfully concluded on Tuesday […]

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CMA CGM Merges Multimodal Subsidiaries

 The CMA CGM Group announced it will merge its subsidiaries MacAndrews and OPDR effective January 1, 2018.,  in line with the Group’s strategy to develop its intra-regional activities Headquarters will be located in Hamburg.   The union between these two companies specialized in intra-European transport enables the CMA CGM Group to strengthen its multimodal offer in Europe, particularly […]

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