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Yilport in talks for Long Beach container terminal

Turkey’s Yilport Holding AS is in advanced talks to buy a container terminal in Long Beach, California, a deal that would value the facility at close to $2 billion, people with knowledge of the matter said. The discussions between Yilport, backed by businessman Robert Yuksel Yildirim, and terminal owner Cosco Shipping Holdings Co. aren’t …

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Hapag-Lloyd marks significant group net result

Hapag-Lloyd has disclosed its 2018 annual report today, on March 22, 2019. Based on the audited figures, the group net result increased to EUR 46 million for the year 2018 and was EUR 13 million higher compared to the previous year (2017: EUR 33 million). Earnings before interest, taxes, depreciation …

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Maersk, DSGC members join forces for world’s largest biofuel pilot

A group of strong Dutch multinationals will join forces with A.P. Moller – Maersk to proceed with the decarbonization of ocean shipping. Convinced of the urgency to act on climate, the global giants – FrieslandCampina, Heineken, Philips, DSM, Shell and Unilever – all members of the Dutch Sustainable Growth Coalition (DSGC) …

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ZIM enjoys financial and operational growth

ZIM announced its annual financial and operational results for 2018. The shipping company sees increase both in revenues and container volumes, reporting an all-time record of boxes carried. The Important Points: Total revenues in 2018 were $3,247.9 million, the highest in the last 4 years, reflecting an increase of 9.1% compared …

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COSCO’s dream project of mega containership approved

“25000 Box Container Ship Type Development” project gets the green light from all the involved sides. According to Shanghai Ship and Shipping Research Institute (SSSRI), the Shanghai Ship Transportation Science Research Institute held a project acceptance meeting, on March 8, 2019. According to a statement, the acceptance expert group consisting of …

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537 kilos of cocaine found in a shipping box at PhilaPort

Hundreds of kilos of cocaine were found in a shipping container at the Port of Philadelphia during a massive drug bust Tuesday, March 19, morning. The shipment was on board the MSC Desiree, a container ship that was traveling from Colombia to Europe, according to law enforcement sources. The container …

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HMM, CNC and RCL merge their services

Regional Container Lines (RCL), with its partners CNC and HMM merge RCL’s current RBC5 with the CSE service from CNC and HMM into a 6 x 1,700 TEU sized vessels covering: Ningbo (Sun) Shanghai (Tue) Ho Chi Minh (Mon) Manila North (Saturday) Shanghai (Thu) Shanghai (Fri) Ningbo (Sat) Laem Chabang …

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Grande America sank: 2,000 cars, 365 containers on board – France began clean-up operation

French authorities began a clean-up operation on Friday, March 15, after the Italian container ship “Grande America” sank off the French Atlantic Coast while carrying 2,200 tonnes of heavy fuel. Despite poor weather conditions, four ships began a clean-up operation on Friday afternoon. The 214-metre-long vessel sank on Tuesday, 300 kilometres …

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SM Line denies merger with HMM

SM Group, a midsized South Korean conglomerate, said Thursday March 14, that it has no plan to merge its shipping line with the country’s leading shipper, Hyundai Merchant Marine Co. Instead, it will aim for a turnaround this year, and seek to open routes linking to Europe and other regions. …

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Grande America: Grimaldi Group focuses on antipollution measures

Grimaldi Group makes an announcement about the Grande America sinking. The company says that it is focusing on antipollution measures to control the possible sea pollution. Grimaldi Group’s press release: Following the sinking of the RoRo container vessel Grande America, the Grimaldi Group wishes to make the following update. At …

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