Port of Oslo sees box traffic dive 8pc in 2015 to 195,460 TEU

THE Port of Oslo handled a total of 195,460 TEU in 2015, representing a decrease of 8.1 per cent compared to the previous year. Within this total, imports amounted to 102,873 TEU, down 10.7 per cent year on year, while exports at 92,587 TEU fell by 4.9 per cent.

Hyundai creditors 'okay debt-for-equity swap', normalisation on horizon

KOREA's troubled Hyundai Merchant Marine (HMM), trying to free itself from financial ruin, says it sees a way out via debt-for-equity swaps with creditors.

Hapag-Lloyd delays AGM as merger talks with UASC near hopeful end

GERMAN shipping giant Hapag-Lloyd's board has delayed the company's annual general meeting on June 1 until August as merger talks with Kuwait's United Arab Shipping Company appear to come to an hopeful end. 

Near bankrupt Hanjin owes Seaspan US$11.6 million in charter payments

A DOCUMENT from containership owner Seaspan has revealed that the near bankrupt Korean carrier, Hanjin Shipping, is in serious arrears in charter hire payments.

Hamburg's quarterly volume down 2.5pc, hit by falling China, Russia trade

THE Port of Hamburg in the first quarter handled a total of 34.8 million tons of cargo, down 2.5 per cent compared to the same period a year earlier. 

Iran's IRISL starts cargo service linking Persian Gulf to Hamburg

STATE-owned shipping company, Islamic Republic of Iran Shipping Lines (IRISL) multi-purpose vessels have started calling at the C Steinweg's Sud-West Terminal in Hamburg deployed on a new general cargo service that calls monthly.

Mumbai's JNPCT breaks monthly record in April, up 35pc to 133,195 TEU

THE Jawaharlal Nehru Port Container Terminal (JNPCT) posted a 35 per cent year-on-year increase in April throughput to 133,195 TEU - its highest ever monthly volume. 

MOL hikes Asia-southern Africa rate US$200/TEU from June 1

JAPAN's biggest shipping company, MOL, will levy a US$200 per TEU rate increase on cargo from Asia to southern Africa from June 1 




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