CIMC container division's profit slumps 30%

Hong Kong-listed company reports rise in container demand but falling prices.

CIMC has reported a 14% rise in net profits to Yuan2.1bn (US$338m), while revenues rose to Yuan70.1bn, up 21% from the year before.CIMC, a diversified conglomerate that is also one of the world’s...

Asian trio join forces on north Asia-Latin American loop

Hanjin Shipping, Hyundai Merchant Marine and Yang Ming to launch weekly service from July.

Two new shipper groups formed

A new Asian shipper group has “evolved” out of the Asian Shippers’ Council, while a new global organisation will also be formed.

Shipowners looking more closely at lifecycle costs

Operators working more closely with equipment suppliers as they seek to maximise return from investment in technology.

Federal Court nullifies offshore work visa changes

“Invalid and not authorised” − Federal Court spikes changes to offshore work visas

DPWA seeks information from Victorian government

DP World Australia has applied for documents on the proposed rent increase at Port of Melbourne.

Bocimar loses US$47m in 2014, blaming overcapacity

Yearly loss comes as revenues rise 13%.

La Spezia gears up for bigger ships

Two new STS cranes delivered for use at Contship’s Italian terminal.

Fraud charges laid against two Victorian importers

Customs brings charges against another two companies for avoiding payment of duties and taxes.

Industry opinion: On the hook, the hidden victims of congestion

Nobody really thinks about the seafarers whose voyages have been interrupted by the US west coast congestion. Trust me, they have not been having much fun, writes Michael Grey