Major merger and acquisition activity in the global transportation and logistics industry was nothing spectacular in the third quarter, but a potential wave of privatization of ports, airports and roadways could energize the market in the coming year.
06 Nov 2013
Greek longshoremen have joined a 24-hour nationwide strike today called by labor unions to protest austerity measures imposed by international lenders on the crisis-mired country.
24 Oct 2013
Costamare’s net income jumped to $20.9 million in the third quarter from $12.5 million a year ago as the Greek charter shipowner ordered its first container vessels with its U.S. equity partner, York Capital Management.
11 Oct 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November.
02 Oct 2013
Navios Maritime Holdings has taken delivery of two Panamax vessels for its owned fleet.
24 Sep 2013
Diana Containerships, through a separate wholly-owned subsidiary, has taken delivery of the Pucon, a 2006-built post-Panamax container ship of about 6,500 20-foot-equivalent capacity.
16 Sep 2013
Capital Product Partners, a Greece-based tanker owner, has acquired three more container ships for $195 million.
09 Sep 2013
Cosco Pacific is set to boost capacity at its container terminals in Piraeus, Greece, amid reports that the company plans to bid for a majority stake in Greece’s largest port.
27 Aug 2013
Cosco Pacific more than tripled its first half profit from a year ago, boosted by a one-off gain from selling its stake in container manufacturer China International Marine Containers.
13 Aug 2013
Diana Containerships has signed, through two separate wholly-owned subsidiaries, two memoranda of agreement to buy two post-Panamax container ships from an unaffiliated third party.
13 Aug 2013
Euroseas reported a net loss of $8.9 million in the second quarter of 2013, compared with a net loss of $1.4 million in the second quarter of 2012.