Containers

AP Moller - Maersk is retiring the Safmarine brand which will be merged into its global liner offering as the Danish shipping company continues to re-organise its business.

ZIM is joining with Konfidas to set up a cybersecurity consulting company ZKCyberStar.

China Merchants Port reported a HK$1.55bn profits in the first half of this year, a decline of 76.3% year-on-year, the revenue dropped 8.7% to HK$4.1bn.

Hutchison Ports has inked a long-term agreement with the Egyptian Navy to develop a $730m container terminal at Abu Qir peninsula close to Alexandria.

The global seaborne reefer trade is expected to clock an annual expansion of 3.7% to reach 156m tonnes by 2024, according to a forecast by analyst Drewry.

Orient Overseas Container Line (OOCL) will offer two new China to Southeast Asia services next month to enhance its market coverage.

Swire Shipping has taken delivery of its second 2,400 teu newbuild containership into its fleet.

CMA CGM has launched a humanitarian relief effort to ship aid to Lebanon following the devastating blast at the Port of Beirut earlier this month.

The second quarter financial reporting season is in full swing and container lines results rather than being the expected bloodbath with statements full of red ink are in general actually more profitable than they were a year ago.

With the recent maiden call of Thorsky, Pakistan International Container Terminal (PICT) welcomed another new service -- the FAR Shipping Gulf Service – 1 (FGS-1).