China Navigation Co (CNCo) is acquiring the dry bulk shipping business of Hamburg Süd as the German company focuses on container shipping as part of Maersk.
The Master of a China Navigation vessel has been arrested in New Zealand for being drunk while bringing a vessel into port.
Swire Shipping will introduce a new Pacific Islands service and upgrade its multipurpose liner network to key markets in Asia Pacific.
Swire Shipping will enhance its North Asia to Pacific service from January 2016, putting direct calls to Qingdao and Nuku’alofa, as well as connecting Qingdao, Busan and Yokohama to the South Pacific.
Swire Shipping and AAL have entered into a space sharing agreement to boost their North Asia to Australia and Papua New Guinea service that will start on 14 December.
Swire Pacific Limited warned of a HKD1bn ($129m) loss in 2015 for its marine services division due to the adverse operating conditions in the offshore oil exploration market.