THE Mediterranean Shipping Co (MSC) and Maersk Line will reduce the number of direct port calls across their Asia-North Europe network.
HONG KONG's Seaspan Corporation first half net profit fell 57.6 per cent year on year to US$43.55 million, drawn on revenues of $439.83 million, which increased 13.4 per cent.
CONTAINER throughput via Georgia's Port of Savannah fell 1.3 per cent in fiscal year 2016 to 3.6 million TEU, but retained 24 per cent of diverted cargo gains from last year's US west coast labour strife.
TERMINALS governed by the South Carolina Ports Authority (SCPA), principally Charleston, saw container volumes rise by 1.4 per cent to 1.9 million TEU during its fiscal year ending June 30, against the same period a year earlier.
SWISS forwarding giant Panalpina's first half net profit fell 51.9 per cent year on year to CHF21.8 million (US$22.11 million), drawn on revenues of CHF2.6 billion, which declined 11.7 per cent.
GAC has been named the official shipping and logistics partner for Team Britannia, which is preparing to break the round-the-world powerboat record later this year.
The new Wärtsilä REvolution system is a digital management system that controls, monitors, records and analyses the performance of seals autonomously in real time, increasing the predictability and reliability of sealing solutions in rotating equipment.
A cruise ship leaving the Grand Harbour on Saturday suffered an engine failure which left it powerless near the port entrance.