EVERGREEN

APM Terminals’ Strategic Acquisition of Panama’s Railway Reshapes Competition

APM Terminals’ acquisition of the Panama Canal Railway Company (PCRC) marks a strategic move in the Maersk-owned port operator’s efforts to strengthen its competitive position in the Central American logistics and shipping market.

The PCRC takeover creates a more robust “land bridge” solution, allowing APM Terminals (APMT) to offer end-to-end logistics services. The ability to control both port and rail infrastructure reduces reliance on third-party providers, improves operational efficiency,...

https://container-news.com/apm-terminals-strategic-acquisition-of-panamas-railway-reshapes-competition/

Container Shipping Sector: Monthly Stock Highlights

The container shipping sector faced a turbulent March as shifting trade dynamics, geopolitical tensions, and fluctuating demand sent stock prices on a rollercoaster ride.

While some companies demonstrated resilience through long-term contracts and strategic positioning, others grappled with spot rate volatility and overcapacity concerns. From Maersk’s steadying influence as an industry bellwether to the niche struggles of regional players like MPC Container Ships, the month revealed stark...

https://container-news.com/container-shipping-sector-monthly-stock-highlights/

Top 10 Ocean Carriers by Revenue in 2024

The global shipping industry continues to be dominated by key players, with Maersk and CMA CGM leading the pack in 2024, each generating an impressive US$55.5 billion in revenue.

Following behind is COSCO with US$32.3 billion, solidifying its position as a major force in maritime logistics.

Hapag-Lloyd and Ocean Network Express (ONE) secured the fourth and fifth spots with US$20.7 billion and US$18.8 billion, respectively, reflecting steady growth in global trade and container demand. Evergreen,...

https://container-news.com/top-10-ocean-carriers-by-revenue-in-2024/

Container Shipping Market: Weekly Analysis

The container shipping market exhibited a mix of resilience and volatility this week, with stocks reflecting the impact of global trade flows, fuel costs, and supply-demand imbalances. While some companies managed to post gains, others experienced notable declines due to shifting freight rates and macroeconomic pressures.

This report provides a detailed company-by-company analysis, shedding light on the forces driving each stock’s performance.

  • COSCO SHIPPING Holdings Co Ltd ADR (CICOY)

COSCO...

https://container-news.com/container-shipping-market-weekly-analysis/

Evergreen grows interest in Egypt’s Abu Qir Terminal

Evergreen Marine Corporation has increased its stake in the greenfield Egyptian container terminal, Abu Qir, to 25%.

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https://container-news.com/evergreen-grows-interest-in-egypts-abu-qir-terminal/

Evergreen commences new intra-Asia service

Taiwanese container carrier Evergreen has decided to launch a new Pearl River Delta -Southeast Asia service, branded Vietnam-Thailand-Malaysia (VTS).

According to DynaLiners’ report, the new service will be operated by two 2,000 TEU container vessels, which will sail under the following port rotation:

Shenzhen (Shekou, China) – Guangzhou (Nansha, China) – Sihanoukville (Cambodia) – Laem Chabang (Thailand) – Singapore (Singapore) – Batam (Indonesia) – Port Kelang (Malaysia) – Singapore (Singapore)...

https://container-news.com/evergreen-commences-new-intra-asia-service/

Ocean Alliance replaces Rotterdam with Southampton on Europe-Far East service

Ocean Alliance of CMA CGM, COSCO, Evergreen and OOCL has decided to change the port rotation of a service between Europe and the Far East.

According to DynaLiners, the container shipping grouping will remove the Dutch port of Rotterdam from the service, replacing it with the port of Southampton in the United Kingdom.

The revised service, which is operated by 17 vessels of around 17,000 TEUs, will be as follows:

Ningbo (China) – Shanghai (China) – Shenzhen (Yantian, China) – Singapore – Tangier...

https://container-news.com/ocean-alliance-replaces-rotterdam-with-southampton-on-europe-far-east-service/

Container Market Weekly Performance: Trends, Gains, and Losses

Container market performance this week reflects the ongoing volatility in global trade, with shipping companies experiencing a mix of gains and losses. While some carriers managed to post positive returns, others struggled with sharp declines, impacted by fluctuating demand, geopolitical factors and external economic pressures. The latest data provides a comprehensive view of how major players navigated these challenges, highlighting key trends and shifts in the industry.


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https://container-news.com/container-market-weekly-performance/

Evergreen’s financial figures skyrocket in 2024

Taiwan’s major shipping company Evergreen Marine Corporation announced improved financial results during 2024.

In particular, the ocean carrier reported revenue of TWD 463.6 billion (US$16.2 billion), translating to an 80% increase compared to the previous year, according to the latest DynaLiners report.

Additionally, Evergreen recorded operating profit of KRW 125.5 billion (US$5.6 billion), translating to a growth of 395%, and net profit of KRW 144 billion (US$5 billion), representing an...

https://container-news.com/evergreens-financial-figures-skyrocket-in-2024/

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