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HMM’s financial figures sink in 2023

South Korean ocean carrier HMM reported that its third-quarter revenue decreased by 58% to US$1.6 billion. At the same time, the company's operating profit was...

Crown Prince of Norway visits Port of Hamburg

On 7 and 8 November, Crown Prince of Norway Haakon visited Hamburg. The next day, after a welcome in the town hall addressed by...

Hong Kong police bust drug smuggling attempt on PIL ship

Suspected cocaine with a street value of US$50 million was found in a Pacific International Lines (PIL) container ship that arrived in Hong Kong...

New president for Finnish port equipment manufacturer Kalmar

Cargotec's Board of Directors has appointed Sami Niiranen as the company's next President of Kalmar, effective May 2024 at the latest, with Cargotec's present...

Yang Ming nears US$3.5 billion revenue and US$200 million profit in 2023 9M

Yang Ming Marine Transport Corporation published its financial report for the third quarter of 2023. The company's consolidated revenue for the third quarter was US$1.16...

Ruth Wood appointed as permanent CEO at Mersey Maritime

Just five months after becoming Interim chief executive of Mersey Maritime, Ruth Wood has now been appointed to the role on a permanent basis. Ruth...

New order for Wärtsilä’s Cargo Handling Systems for LPG carrier vessels

Wärtsilä will provide Cargo Handling Systems for five new huge LPG carrier vessels being built at the Hyundai Heavy Industries (HHI) yard in South...

BNSF Railway implements Tideworks’ Intermodal TOS

Tideworks Technology®, a full-service provider of comprehensive terminal operating system (TOS) solutions, announced that BNSF Railway (BNSF), one of US largest freight railroad and...

Namsung offers reefer tracking with IoT solution

South Korean feeder operator Namsung Shipping this week launched an Internet of Things-based service to monitor and track refrigerated containers. Namsung will offer the service...

Hapag-Lloyd sees lower revenues and earnings in 2023 9M

Hapag-Lloyd ended the first nine months of the year with Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$4.5 billion and Earnings Before...

Seaber announces new special advisor

Finnish maritime technology company Seaber welcomes a new special advisor, Willem Dijkhuis, who has served as chartering & freight trading lead at Cargill, an...

HMM organises tree plantation drive in India

South Korean shipping company HMM organised a tree plantation drive in collaboration with Green Yatra, a leading environmental NGO, as a part of Corporate...

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LOGISTEED launches off-site PPA electricity procurement

LOGISTEED, has announced the rollout of a new off-site Power Purchase Agreement (PPA) program to supply renewable electricity to logistics centers operated by its...

GEODIS marks key milestone in the floating offshore wind market

GEODIS has completed a major milestone in the floating offshore wind sector, coordinating the transport and float-off of three 2,500-ton substructures as part of...

T. Parker Host acquires Transmarine

T. Parker Host has acquired Transmarine Navigation Corporation, expanding its reach to become the largest independent tramp ship agency in the country. The acquisition...

Toll Group appoints new executive chairman

Toll Group has announced the appointment of Thomas Knudsen as Executive Chairman, effective 1 July 2025. The leadership change follows the departure of Group...

Costamare declares quarterly dividends on preferred and common shares

Costamare Inc. has announced its latest round of quarterly dividend payments on both its preferred and common stock. For the period from April 15 to...
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