Maersk Q1 2024 results show revenue decrease
NewsMaersk's Q1 revenue decreased by US$1.9 billion, mainly from Ocean, while the Logistics & Services and Terminals businesses saw increases of...
The best first quarter in history, says Cargotec CEO
NewsCargotec's Q1 2024 report reveals record-breaking performance with EUR 137 million operating profit, marking its strongest start ever....
ONE’s net profit down by 94% in FY23
NewsONE's net profit for FY23 plummets amid lingering inflation and lack of cargo movement recovery....
Port of Portland to halt container operations at Terminal 6
NewsThe Port of Portland plans to halt container operations at Terminal 6, following unsuccessful talks with a potential operator....
EUR 206.8 million for Port of Trieste expansion
NewsGiven its existing concession for the entire area of the future Pier VIII, Hamburger Hafen und Logistik AG (HHLA) appears to be the frontrun...
AD Ports Group releases its 2023 Annual Report
NewsResults for the 12 months ending 31st December 2023 reported strong operational and financial performance with EBITDA increasing 23% YoY to ...
Port of Vancouver in 2023: A mixed year
NewsBulk exports increased 13% in 2023, compared to 2022, to reach a record 91.5 MMT—including increases in grain, sulphur, coal and petroleum...
HHLA’s revenue and earnings drop in the 2023 financial year
NewsContainer throughput at HHLA’s container terminals decreased year-on-year by 7.5 per cent to 5,917 thousand TEU (previous year: 6,396 thou...
Singamas’ revenue significantly declines, company focuses on leasing
NewsThe decline in revenue and average selling price was attributed to a slump in demand for dry freight containers in the wake of overproductio...
DP World’s 2023 financial results: Resilient performance, outlook remains uncertain
NewsDP World remains positive on the medium to long-term outlook for global trade and is focused on delivering integrated supply chain solutions...
ZIM reports net loss for the full year 2023
NewsNet loss for the full year, including a $2.06 billion non-cash impairment loss, was $2.69 billion (compared to a net profit of $4.63 billion...
EU ETS expenses for shipping companies could triple amid Red Sea crisis
NewsThe Cape route has caused bunker consumption to triple due to the extended distance, coupled with an increase in sailing speed, rising from ...
US offers USD 500 million for port upgrades
NewsThe U.S. Department of Transportation's Maritime Administration is offering $500 million in funding for port upgrades, as part of President ...
Port of Hamburg in 2023: Container throughput drops, bulk cargo remains stable
NewsCompared to its northern European competitors, the decline in containerized cargo in Hamburg was less pronounced....
Röhlig achieved a strong result in the 2023 financial year
NewsIn total, Röhlig Logistics now has more than 40 warehouses and around 265,000 square meters of storage space worldwide....