Celestyal Cruises, prefers Beşiktaş Shipyard over Syros

The 1982-built 215 meters-long ship expected to start service at the mid of March, between Greece, Greek Islands and Turkey. 

Cargotec posts 98.8pc profit rise in 2015 as revenues rise 11pc

FINNISH cargo handling equipment maker Cargotec Corporation posted a 98.4 per cent year-on-year increase in net profit in 2015 to EUR142.9 million (US$160.9 million), drawn on revenues of EUR3.7 billion, an increase of 11 per cent.

CMA CGM upgrades service from northern Europe to French West Indies

FRENCH shipping giant CMA CGM has announced an upgrade of its service to the French West Indies from northern Europe to take place in the first quarter of 2016.

MOL makes changes in Asia-east coast south America CSW Service

JAPANESE shipping giant Mitsui OSK Lines (MOL) has announced changes in its Asia and east coast South America trade by merging existing CSW and SW2 services to form a new CSW service. 

Maersk Group 2015 profit down 82pc, Maersk Line profit slips 41.7pc

MAERSK Group, the world's biggest shipping company, suffered a 82 per cent year-on-year profit loss in 2015 to US$925 million, drawn on revenues of $40.3 billion, which fell 18 per cent over the same period.

Hajioannou buys panamax Kypros Unity for $20m cash

Safe Bulkers has revealed that it has sold three vessels to entities controlled by its chairman and CEO Polys Hajioannou.

Port of Hamburg box traffic down by 9.3% on the previous year’s total

Port of Hamburg reported container traffic for 2015 of 8.8m teu, down 9.3% on the previous year’s total, contributing to a 5.4% drop in overall cargo throughput. 

Modern Express: ShoreTension system to right tilting vessel

The Koninklijke Roeiers Vereeniging Eendracht (KRVE) (Royal Boatmen Association Eendracht) will be using their innovative ShoreTension system to right the "Modern Express" so that unloading can start. 




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