JAPANESE shipping major Kawasaki Kisen Kaisha ("K" Line) posted an annual year-on-year net loss of JPY51.4 billion (US$457.02 million), drawn on revenues of JPY1.24 billion, down 8.1 per cent.
JAPAN's NYK Line posted a 61 per cent drop in year-on-year annual net profit to JPY18.23 billion (US$168.4 million), drawn on revenues of JPY2.27 trillion, which fell 5.4 per cent.
COSCO Pacific, the Chinese shipping conglomerate's port operator, posted a 31.4 per cent year-on-year increase in first quarter profit to US$109.1 million, drawn on revenues of $129.2 million, down 2.27 per cent
CHINA's four pilot free trade zones located in Tianjin, Fujian and Guangdong province on the east coast, as well as Shanghai, are spearheading structural reforms to make it easier to start businesses and grant foreign firms more access to the service sector.
MORE idle container ships are returning to service, shrinking 2.1 per cent in the last two weeks to 318 ship above 500 TEU, aggregating 1.4 million TEU, reports Alphaliner.
HAMBURG SUD increased its total revenue by 16.8 per cent to EUR6.058 million (US$6.845 million) on the back of its successful takeover and integration of the container operations of Chilean shipping company, Compania Chilena de Navegacion Interoceanica (CCNI).
FRENCH shipping giant CMA CGM has become the main partner in the Monumenta 2016 art exhibition in Paris taking shape at the Rmn (Reunion des musees nationaux) Grand-Palais and the Kamel Mennour gallery.
Maritime NewsThe internet is divided over a video that has surfaced showing a Norwegian cruise ship leaving the Bahamas as a distraught woman and her husband still stuck on the pier desperately plead to get back on board because, get this, their kids are on the ship. Now it’s easy empathize with these people and even sympathize with […]The postHave You Seen The Video of a Couple Missing a Cruise Ship Leaving with Their Kids On Board?appeared first ongCaptain.