Korea Development Bank doubles its stake in HMM

Korea Development Bank (KDB), which is already the largest shareholder of HMM, will double its stake in South Korea's flagship liner operator by changing KRW300 billion (US$265.3 million) of convertible bonds i...

Massport enhances Conley terminal with new equipment

The Massachusetts Port Authority (Massport) has announced the arrival of three new low-profile, Neo-Panamax cranes at Conley Container Terminal, after a 10-week journey from Shanghai, China. The new equi...

Fremantle port workers to strike for 24 hours

Fremantle Inner Harbour workers will undertake 24 hours of legally protected industrial action from 10 am (local time) on 25 June, preventing vessels from docking at the Patrick and DP World container terminals...

MOL towards a greener future

Mitsui OSK Lines has announced the establishment of "MOL Group Environmental Vision 2.1" as a guide to achieve net zero greenhouse gas emissions by 2050. MOL strives to reduce GHG emissions generated by its ...
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MSC and CMA CGM raise charges from European ports

Two of the largest container lines in the world, Mediterranean Shipping Company (MSC) and CMA CGM have announced increased prices from European ports to worldwide destinations, effective from 1 July. MSC has...