• MOL Ends Year in the Red due to ONE-Related Costs May 02,2018

  Japanese shipping major Mitsui O.S.K Lines (MOL) has reported a full-year loss for the fiscal year ended March 31, 2018, of USD 446 million (JPY 47.3 billion).The red ink is being attributed to the establishment of a joint venture container shipping company Ocean Network Express (ONE)with compatriot lines NYK... [learn more]

• Strong Container Demand Pushes Maersk Line’s Profit Up Feb 12,2018

  Danish shipping giant Maersk Line reported a net profit of USD 584 million in 2017, against a net loss of USD 376 million seen a year earlier.The company’s revenue for the year increased by 14.9% to USD 23.8 billion, from USD 20.7 billion reported in 2016, driven by an 11.7% increase in the average ... [learn more]

• Port of Maputo Prepares to Host Larger Ships Jan 15,2018

  The port handled a total of 18.2 million tonnes of cargo during the year, against 14.9 million tonnes seen in 2016, while the number of vessel calls dropped from 955 to 896 in 2017. However, although the port received 59 less ships calls, it saw 3.3 million of cargo more than a year before.The rise was mainly... [learn more]

• Yang Ming to Spread Roots in Asia Dec 15,2017

  Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) has unveiled its plans to expand throughout Asia.The move comes on the back of the company’s third quarter 2017 profits and recapitalization campaign, in which it raised USD 343.4 million in public and private offerings.Ya... [learn more]

• Northern Sea Wolf Handed Over to BC Ferries Sep 04,2017

  Canadian ferry operator BC Ferries has taken delivery of Northern Sea Wolf, the recently acquired vessel which is intended for the company’s new mid-coast ferry service.The delivery took place in Greece on August 30, 2017.In April, commissioner of BC Ferries approved the purchase of the secondhand v... [learn more]

• Maersk Line Returns to Centr Port Wellington Aug 07,2017

  Danish container shipping giant Maersk Line has decided to resume its weekly container shipping service to Wellington, New Zealand.The service will return once CentrePort, Wellington port operator, has completed works that will allow its ship-to-shore cranes to operate.These works were required following dama... [learn more]