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‘Stop’ on Maersk’s divestment of MCI

A.P. Moller - Maersk and China International Marine Containers (CIMC) have announced that the previously announced transaction has been terminated, whereby CIMC would acquire...

COSCO SH credits response to Covid-19 as profit soars

Facing capacity and container crunches brought on by Covid-19, COSCO Ship Holdings (CSH) endeavoured to find solutions for its customers, said the line. CSH, the...

Container shortages fill CIMC’s order books

China International Marine Containers, the world’s largest container manufacturer, has stated that the shortage of containers has resulted in a slew of orders, keeping...

Mixed H1 results for COSCO and CIMC

COSCO Ship Holdings (CSH), the container shipping unit of the China COSCO group, blames lower cargo volumes on long-haul routes for the decline in...

Covid-19 hits COSCO Ship Holdings & CIMC earnings

Domestic volumes were hit the hardest and weak demand was also a factor as COSCO Ship Holdings and China International Marine Containers both posted...

Evergreen orders nearly 12,000 new containers from CIMC

Evergreen Marine Corporation is ordering 11,500 X 20-foot containers from China International Marine Containers (CIMC) for US$37.13 million. Evergreen itself has a container manufacturing subsidiary,...
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WEC Lines invests in new container units

Dutch shipping company WEC Lines has announced the addition of 200 brand new 20ft High-Cube Pallet-Wide containers and 200 45ft High-Cube Pallet-Wide containers to...

Maersk and Bahrain sign agreement for ship recycling project

Bahrain's Ministries of Transportation & Telecommunications and of Industry & Commerce signed a Memorandum of Understanding (MoU) with A.P. Moller–Maersk to explore and establish...

ILA President warns of potential strike at Atlantic and Gulf Coast Ports in October

Harold J. Daggett, President of International Longshoremen’s Association (ILA), said the threat of a strike at all Atlantic and Gulf Coast Ports is becoming...

Oakland Board of Port Commissioners elects new president

The Oakland Board of Port Commissioners has elected Michael Colbruno as board president. Andreas Cluver has been chosen as the first vice president, succeeding...