News

Recent cyber attack has cost Maersk



August 23, 2017 /

The shipping company has revealed that the cyber attack has cost $300 million in lost revenue.   Maersk CEO Soren Skou said "In the last week of the 2nd quarter we were hit by a cyber-attack, which mainly impacted Maersk Line, APM Terminals and Damco. Business volumes were negatively affected for a couple of weeks…


Heathrow terminal 6 in jeopardy



August 16, 2017 /

It has been decided that plans for a 6th terminal will be halted to keep costs down whilst the 3rd runway is being built.   Heathrow published its half yearly report last month, which made no mention of the proposed plans.  Instead it stated that further investment in terminals 2 and 5 will go ahead…


Southampton on the list of top container growth in 2016



August 11, 2017 /

During 2016 126 ports handled more than 1 million teu containers. According to DynaLiners report entitled millionaires roundup, 82 ports had experienced growth in the year with 5 ports showing growth of 25% or more. These ports were Chittagong, Bangladesh (26%), London (26%), Salalah, Oman (29%), Tangshan, China (27%) and Southampton (26%). 14 ports reached…


Cosco’s acquisition of OOCL may face further hurdles



August 1, 2017 /

Although they resumed trading on the Shanghai Stock Exchange (SSE) this week, Cosco’s take over of OOCL could still hit a stumbling block. Cosco’s shares were suspended two months ago and the SSE issued a letter of enquiry on July 18th seeking clarification on two points of the proposed deal. The first is whether it…