Blockbuster Q1 for HMM
SOUTH Korea’s HMM saw total revenue in Q1 2025 grow by 23% to KRW 2,855 billion (USD 2,051 billion) from KRW 2,330 billion in Q1 2024. At the same time net profit improved to 52%...
NPDL to welcome new vessel Neptune Matua
NEPTUNE Pacific will introduce a new acquisition to its NZPAC service early next month, continuing a five-year, USD 150 million investment by the line to modernize its South...
Hapag-Lloyd reports strong 2025 first quarter
GERMANY’s Hapag-Lloyd, the world’s fifth largest container line, has enjoyed a strong first quarter, boosting the Group to an EBITDA of USD 1.1 billion (EUR 1.0 billion). In the...
March uptick for local container volumes
IMPORT and export volumes for Australasia and Oceania both rose in March, according to the latest figures from London-based Container Trade Statistics. March imports reached their...
Mixed quarter for Taiwanese carriers
TAIWAN’s Evergreen and Yang Ming, respectively the world’s seventh and tenth largest container carriers, sailed different courses during the first quarter of 2025, according to...
Wallenius Wilhelmsen enjoys solid Q1
YET TO feel the impact of the Trump Administration’s tariffs on car imports and planned port charges on all PCTCs, Wallenius Wilhelmsen has delivered a strong Q1 2021, with a 5%...
Massive cocaine hauls in NZ ports and Australian waters
NEW Zealand Customs officers have made major seizures of cocaine in the ports of Tauranga and Lyttelton in the past two weeks, discovering almost 180 kilograms of the Class A...
Faster TT Line terminal but costs balloon
TT LINE’s controversial new East Devonport terminal will be completed earlier than previously forecast but will cost an additional $118 million. The much-delayed Berth 3 terminal...
First quarter mighty for Maersk
A.P. MOLLER-Maersk has lobbed a strong first quarter result, reporting revenue growth of 7.8% to USD 13.3 billion with EBIT increasing to USD 1.3 billion from USD 177 million a...
Speculation over Tauranga sell-down
SUGGESTIONS Australia’s Qube may be lining up a bid for a significant stake in NZ’s Port of Tauranga have been met with silence from the major shareholder in the NZSX-listed...
NZ makes key ferry replacement appointments
FERRY Holdings, the company established by the NZ Government to manage the KiwiRail Cook Strait ferry replacement program, has short-listed six builders. The company’s closed...
Little impact from Patrick shareholder shuffle
PATRICK half-owner Qube Holdings is not expecting changes to eventuate from co-investor Brookfield’s establishment of a new ownership consortium for the Canadian infrastructure...
Tauranga enjoys kiwifruits of its endeavours
AN EVER-expanding kiwifruit harvest has prompted the port of Tauranga, marketer Zespri and Tauranga Kiwifruit Logistics to enter a five-year partnership to grow cargo volumes...
TasPorts, Strait Link ink lease extension
TASPORTS and Bass Strait ro-ro operator Strait Link have signed a non-binding Heads of Agreement for a long-term lease extension at the Port of Burnie’s Terminal 4, which they say...
ITC’s MIT receives first RMGs
INTERMODAL Terminal Company has taken delivery of its first four rail-mounted gantries for the Melbourne Intermodal Terminal at Somerton, in the city’s north. ITC, which is...
