SINGAPORE listed global port operator Hutchison Port Holdings Trust (HPHT) saw first half net profit attributable to shareholders increase 31 per cent year on year to HK$897.6 million (US$115.7 million), drawn on revenues of HK$5.68 billion, down six per cent.
HONG KONG's Orient Overseas Container Line (OOCL) is to upgrade its existing service between China and Ho Chi Minh/ Laem Chabang with wider port coverage and by offering customers with more comprehensive connections shorter transits.
2M MEMBERS Maersk and MSC have made a strategic move in their Far East-US east coast loops, dropping the Suez priority and returning the headhaul to Panama in a new 'round-the-world service.
GERMANY's Hapag-Lloyd and the United Arab Shipping Company (UASC) have officially signed the agreement that will see the Dubai company merged with the Hamburg shipping giant.
CMA CGM, Hamburg Sud and UASC have removed their joint Far East-USEC Vespucci/APNE/NEU 1 service owing to weak demand. The transatlantic leg of this pendulum service is to be replaced by a new North Europe-USEC service.
GLOBAL container terminal operator DP World has signed a Memorandum of Understanding (MoU) with the state-run Taiwan International Ports Corporation (TIPC) for the development of Kaohsiung Port's Terminal 7.
THE Port of Durban was closed for a day this week due to high swells and strong winds after heavy rains and snow fell over much of KwaZulu-Natal.
HONG KONG's Gerry Wang, the Seaspan CEO, warned the South Korean government that its otherwise sound reputation is at risk because of Hanjin Shipping's enormous debt load, and its begging for charter rate reductions.