CSCL yearly results swing from profit to loss 
China Shipping Container Lines (CSCL) has reported a net loss of RMB 2.65 billion (USD 431 million) for 2013 compared to a net profit of RMB 523 million in 2012. The carrier's revenue was up slightly to RMB 33.92 billion, despite the fact that its freight rates on the main... more
Zim sails further into the red
The Israeli container line Zim recorded a net loss of USD 530 million in 2013 (2012: USD 428 million). The annual operational loss in 2013 amounted to USD 191 million, compared to USD 206 million in 2012. This improvement was largely achieved through the implementation of... more
Hapag-Lloyd: 2013 ultimately disappointing
The German liner shipping company Hapag-Lloyd improved its result and transport volume in financial year 2013, but the group was still forced to report a loss on lower revenue and higher interest payments. Michael Behrendt, chairman of Hapag-Lloyd's executive board, underlined... more
Cosco's annual profit more than doubles
The Chinese carrier Cosco has said that its full year profit attributable to the company's equity holders surged to USD 702.68 million in 2013 (2012: USD 342.19 million). The revenue from continuing operations rose by 8.6% to USD 798.63 million from USD 735.5 million in... more
Liberia authorises Croatia's shipping registry
The Liberian Registry has authorised the Croatian Registry of Shipping (CRS) to act on its behalf in connection with the survey, audit, certification, and plan-review of Liberian-flagged ships and the companies which operate them. The Liberian Registry says it... more
ECA fines cheaper than switching bunker
The Danish analyst SeaIntel has contacted the maritime authorities in the countries circling the English Channel, North Sea and Baltic Sea (ECA zones) to determine the countries' number of inspections per year and the potential fines for offenders who infringe the new regulation... more
Distorted competition 
State support from Belgium and Germany grants the seaports in these countries an «unfair» competitive edge compared to Rotterdam, claims Melanie Schultz van Haegen, the Dutch minister for infrastructure and the environment. more
EU supports IMO-ACP cooperation
The IMO and the African, Caribbean and Pacific Group of States (ACP) have signed a contract aimed at upgrading the region’s maritime administrations and preparing its states for the mandatory IMO audit scheme. The contract is funded by the European Union with a EUR 1.2... more
HL and CSAV merger set to move forward
The shareholders of Chile-based CSAV have approved a proposed merger of the company’s container shipping operations with Germany’s Hapag-Lloyd AG. The merger will create the world's fourth-largest container shipping line. Shareholders owning 84.5% of the CSAV stock have... more
World trade strong despite drop in February
The container throughput index compiled by the Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI) and the Institute of Shipping Economics and Logistics (ISL) has decreased slightly from a corrected 120.3 to 119.3. However, this is still the second highest volume... more