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Conditions in the global supply chain have returned to normal after three-years of pandemic-induced disruptions, according to the Federal Reserve Bank of New York. The latest reading of the NY Fed’s…
A.P. Moller – Maersk (Maersk) has announced the integration of West & Central Asia and Africa to form a new combined IMEA region. The purpose of the move is to enhance Maersk’s integrator strategy and…
International Container Terminal Services, Inc. (ICTSI) has reported its audited consolidated financial results for 2022, showing a significant increase in revenue from port operations. The company’s…
The CMA CGM Group has reported impressive financial results for the full year 2022, with revenues rising 33 per cent over the year prior. The company achieved $74.5 billion in revenues. The EBITDA…
The Vancouver Fraser Port Authority has announced the completion of the Centerm Expansion Project at the Port of Vancouver, delivered in partnership with terminal operator DP World. The expansion…
The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced $12.4 million available in funds through the United States Marine Highway Program (USMHP). According to…
COSCO SHIPPING Ports Limited (CSPX) has announced the acquisition of majority stakes in Xiamen Haicang Free Trade Port Zone Investment and Construction Management Co., Ltd. and Xiamen Ocean Gate…
Hapag-Lloyd has witnessed a successful 2022, with a significant increase in profits up to $18 billion. The company’s EBITDA increased to $20.5 billion, while EBIT grew to $18.5 billion, in line with…
The European Bank for Reconstruction and Development (EBRD) has announced that it is launching the second phase of its technical support programme to digitalise the Suez Canal Economic Zone (SCZone)…
APM Terminals’ Vessel Inspection App has relaunched this February with new features to further support safe working environments for stevedores and other terminal staff. The app is available in six…
