The owner of the container ship M/V DALI has filed a lawsuit against Hyundai Heavy Industries, alleging that defects in the vessel’s switchboard system led to the catastrophic collision with the Francis Scott Key Bridge in Baltimore. Grace Ocean Private Limited and Synergy Marine PTE Ltd filed the suit on July 31st in the U.S. District Court for the… Read More
French shipping group CMA CGM could join restructured consortium or rival MSC bid for global terminal portfolio. French shipping and logistics group CMA CGM has confirmed it is exploring a potential bid for CK Hutchison’s global port terminal network, as exclusive talks between the Hong Kong conglomerate and a consortium led by MSC and BlackRock… Read More
The Japanese shipping line reported revenue of $4.05 billion and a net profit of $86 million. Jeremy Nixon, CEO of Ocean Network Express, said: “Our FY2025 1Q results show our adaptability amid ongoing geopolitical and economic challenges. Our full year forecast is likely to face headwinds from continued geopolitical uncertainties and evolving market conditions in… Read More
The Georgia Ports Authority announced Tuesday a landmark year, moving 5.7 million twenty-foot equivalent units (TEUs) during the last fiscal year, an impressive 8.6% increase over fiscal 2024. The Georgia Ports Authority moved 5.7 million twenty-foot equivalent units (TEUs) during the last fiscal year, an 8.6% increase over fiscal 2024, the agency reported Tuesday. The… Read More
WASHINGTON — Executives from the largest US container and energy ports that had been set to receive close to $330 million this year for maintaining key infrastructure are warning Congress not to accept the Trump administration’s plan to cancel the money. In a letter sent Thursday to lawmakers responsible for appropriating the Harbor Maintenance Trust Fund (HMTF),… Read More
