Hyundai Heavy Industries will be split to facilitate merger with Daewoo SME Despite fierce opposition from its workforce all week, shareholders in Hyundai Heavy Industries (HHI), the world’s largest [...]

Turkish Cargo posts 5.2% revenue increase during first quarter of the year. Turkish Cargo carried a total of 363,297 tonnes of cargo and mail during the first quarter of [...]

According to IATA figures global air cargo outlook remains negative The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight [...]

Soren Skou CEO of AP Moller-Maersk group states Maerks is focusing on capital expenditure Free spending days at AP Moller-Maersk group, the world's biggest shipping company, are over as [...]

CMA CGM states $50 m cut in Q1 losses but volumes up with 4.4% CMA CGM saw revenue increase by 5.5% in the first quarter, compared with the same [...]

Container shipping reaching out to a bigger level The Chinese intend to take shipbuilding into the next dimension. The state-owned shipping company Cosco has commissioned a feasibility study for [...]

Fraport AGM optimistic about it’s future long term growth Fraport AG’s executive board chairman, Dr. Stefan Schulte, struck positive note at the company’s Annual General Meeting (AGM). “We can [...]

APL leaving Asia-Europe tradelane after reorganisation by mother company CMA CGM After more than 30 years a famous name is bowing out on the Asia-Europe boxship tradelane. France’s CMA [...]

LATAM carrier faces cargo yields fall 12.6pc. MAJOR South American carrier LATAM posted a 10.9- per cent fall in year-on-year first quarter revenue to US$263.5 million, driven by a [...]

A.P.Moller sees uplift of profits during Q1 2019 Maersk has closed the first quarter of 2019 with a 33% increase in earnings before interest, tax, depreciation and amortization (EBITDA) [...]