A fifth vessel, the 2,190-teu Cape Monterey (built 2015), is said to have been purchased from Cape Shipping with a special survey due in April for around $35m. The two deals take CMA CGM’s spending in ...

New alliance structure prompts market share adjustments in Transpacific trade - Sea-Intelligence. Find the latest news from the maritime industry on the PortNews website.

The Chinese and Colombian governments recently agreed to a deal involving COSCO, China's largest state-owned shipping company ...

First Gemini cooperation vessel Maersk Antares on the night of February 7 departed from Cai Mep International Terminal (CMIT) in Ba Ria-Vung Tau Province after successfully and safely handling nearly ...

Hutchison Port Holdings Trust (HPH Trust) announced a distribution per unit (DPU) of 12.2 HK cents for FY2024, a tad lower than the DPU of 13.2 HK cents in 2023. Revenue and other income rose by 8.8% ...

Donald Trump has begun his second term as president by ramping up pressure on Panama – threatening to “take back” the Panama ...

The Trump administration increases its interventionist rhetoric and actions regarding the Panama Canal, as China upholds its ...

COSCO SHIP HOLD (01919.HK) announced that as of January 27, it had repurchased 57.1051 million A shares of the company in ...

Chinese newbuilding orderbook exceeds $123 bln. Find the latest news from the maritime industry on the PortNews website.

Chinese owners ordered $123bn worth of ships in 2024, according to maritime data firm Veson Nautical. This comes as newbuilding prices hit their highest levels since 2009, due to rising steel prices, ...

Veson Nautical, a provider of maritime commercial management and trading software solutions, has reported that the Chinese ...

French liner operator CMA CGM announced peak season surcharges for containers moving from Northern Europe to the United ...