Ocean Network Express announces that five container shipping companies intend to create an association with the purpose of paving the way for digitalization, standardization and interoperability in the container shipping industry. IT executives from A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, MSC and Ocean Network Express are currently discussing the… Read more »
Ocean Network Express commences business
Ocean Network Express Pte. Ltd. (hereinafter referred to as “ONE”) is pleased to announce the commencement of container shipping businesses on Apr 1, 2018. ONE is the result of an integration of the container operations of three Japanese shipping carriers, namely, Kawasaki Kisen Kaisha, Ltd (“K” Line), Mitsui O.S.K. Lines, Ltd… Read more »
Ferry industry gears up for growth with more than £1billion invested in new ships and facilities
The ferry industry is gearing up for growth with more than £1billion of investments announced for new ships, port and service facilities in the next four years, according to figures released today by Discover Ferries, the industry body for ferries. Emma Batchelor, Director of Discover Ferries, which released the investment… Read more »
Geest Line relocates cargo handling to Dover
Geest Line is relocating its south of England cargo handling to Dover following fleet expansion. The company’s move from Portsmouth has been prompted by the need to accommodate revised scheduling times involving the weekend discharge of cargoes. It comes as Geest replaces its fleet of four charter vessels with five… Read more »
Maersk Line obtains final regulatory approval and closes the acquisition of Hamburg Süd
On 1 December 2016, Maersk Line announced its intention to acquire Hamburg Süd. The acquisition triggered a regulatory approval process in 23 jurisdictions which was successfully concluded on Tuesday 28 November with the approval of the acquisition by the Korea Fair Trade Commission. “With the final approval of the… Read more »
A.P. Møller – Mærsk A/S grows revenue and underlying profit in the third quarter of the year
In Q3, the revenue of A.P. Møller – Mærsk A/S’ continuing operations increased by 14% year on year driven by higher freight rates in Maersk Line. The underlying profit was USD 248m, with an improvement of USD 290m in Transport & Logistics and a decline of USD 15m in Energy…. Read more »
Floating freight to greater profits
The UK has more than 4,000 miles of inland waterways, stretching from the North West through the manufacturing heartlands of the Midlands down to the country’s southern coasts. Yet many businesses have still to recognise the opportunity which water presents for the transportation of freight across country at a lower… Read more »
One of the UK’s oldest companies John Good Shipping launches new website
John Good Shipping is inviting its customers to explore its new website. The new website has been designed to provide a user-friendly experience with improved navigation and functionality throughout, plus the addition of a useful content hub where customers can learn more about the shipping and logistics industry. Alan Platt,… Read more »
Stena Line to strengthen freight network on North Sea between Rotterdam and UK
Earlier this year Stena Line announced the increase to their freight capacity on the route Rotterdam (Europoort) to Harwich January 2018 by replacing the current two RoRo vessels by two larger ships. Stena Line now announces their plans to also increase capacity on the route Rotterdam-Killingholme in January 2018. Stena… Read more »
Maersk ships off tanker unit in $1.2billion sale
A.P. Moller – Maersk has signed an agreement to sell Maersk Tankers to APMH Invest A/S, a subsidiary of A.P. Moller Holding, for $1.2bn in an all-cash transaction. The transaction entails a market upside provision regulating total payment should the product tanker market significantly improve with a rebound in vessel… Read more »
