Mediterranean Shipping Company (MSC) has reached an important milestone in its proposed investment in Hamburger Hafen und Logistik Aktiengesellschaft (HHLA) which operates the Port of Hamburg. The carrier has completed the first phase of the tender offer process and is now moving into the second phase which runs until December 7, with the company reporting… Read More
South Korean shipbuilders slid to second place in new shipbuilding orders last month, yielding the top spot back to their Chinese rivals. According to market research firm Clarksons Research, the global shipbuilding industry saw a total of 1.59 million compensated gross tonnage (CGT) worth of new orders in November, down 53% from a year ago…. Read More
APM Terminals and DP World today announce the formation of the Zero Emission Port Alliance (ZEPA), an industry-wide strategic coalition with the goal of accelerating the journey to zero emissions for container handling equipment (CHE) at ports. ZEPA membership is open to all industry participants, including terminal operators, OEMs, port authorities and government entities. The… Read More
Singapore – A.P. Moller-Maersk (Maersk) announced more than USD$500 million investment to expand its supply chain infrastructure to support Southeast Asia’s emergence as a global production hub and a consumption powerhouse. Maersk’s planned three-year investment will target its Logistics & Services arm, but at the same time, substantial amount of investment will also be channeled into… Read More
Technology group Wärtsilä celebrates 30 years of operations in the Mexican market. An anniversary event was held in Mexico City on 23 November. The event showcases the company’s strong presence in Mexico, and its continued commitment to supporting Mexico’s capabilities in delivering reliable and efficient power. In parallel with the anniversary event, Wärtsilä inaugurated its… Read More