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  • DFDS profit up 10 percent on sea freight growth May 10, 2017
    LONDON — DFDS’s earnings increased more than 10 percent in the first quarter on rising sea freight volume on its North European roll-on, roll-off routes. The Danish shipping and logistics company is on track to top last year’s record result. Profit before special items and tax rose to 173 million krone...
    May 10, 2017 9:17AM EDT
  • Car carriers face headwinds as capacity expands April 22, 2017
    Modest growth in global car carriers’ vessel capacity in 2017 is balanced by uneven demand for vehicles and high-and-heavy cargoes. Auto sales volume appears to have peaked in mature markets such as the United States and European Union and continues to face headwinds in other markets, according to the global vehicle...
    Apr 22, 2017 10:20AM EDT
  • Overall ro-ro shipping market basking in glow of growth April 22, 2017
    The roll-on, roll-off shipping business is riding a wave, with rising cargo volumes delivering increasing profits despite the fragile economic situation in its core European market. The industry took “a big step forward” in 2016, building on the previous 12 months of stabilization and recovery, according to Paris-based ship broker and...
    Apr 22, 2017 9:43AM EDT
  • Wan Hai bucks industry trend with 2016 profit April 6, 2017
    Riding the strength of the intra-Asian trades, Wan Hai Lines bucked the industry trend of deep 2016 losses, posting a TWD1.14 billion ($37.5 million) profit for the year, albeit a far smaller gain than in 2015. The Taiwanese carrier profit’s was down 71 percent from 2016. Lower freight rates pulled down...
    Apr 06, 2017 2:18PM EDT
  • MSC vessel blaze highlights mega-ship risks April 5, 2017
    Authorities are planning to investigate the cause of a fire that broke out in the bow of a 13,800 twenty-foot equivalent unit (TEU) ship operated by Mediterranean Shipping Co. Tuesday, underlining the safety hazards of mega-ships. The MSC Daniela was heading from Singapore to Port Said, at the northern end of...
    Apr 05, 2017 1:29PM EDT