Container News
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Tariff Pause Sends Valuation Of Six Listed Container Carriers Past Us$10 BillionSix publicly-listed container carriers saw their market valuation exceed US$10 billion in May, as the Red Sea crisis plus windfall profits from the threat of tariff action continued to keep shipping stock prices high, reported Alphaliner today.
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Jun 11, 2025
Container News
Brazil Approves Msc’S Acquisition Of Wilson Sons, Paving The Way For $1.35 Billion DealBrazilian regulators have given the green light to MSC’s planned acquisition of Wilson Sons, clearing the final regulatory hurdle and setting the stage for the deal’s completion.
In October 2024, MSC announced its intention to acquire a 56% stake in Wilson Sons from Ocean Wilson Holdings, a move long rumored in the industry since at least 2023.
Although other bidders expressed interest, MSC ultimately secured the deal for $760 million.
Following the completion of the initial purchase, MSC will launch a public tender offer for the remaining shares, bringing the total transaction value to approximately $1.35 billion.
The acquisition complements MSC’s earlier entry into Brazil’s coastwise cabotage market through its 2021 purchase of Log-In LogĂstica, enhancing the company’s domestic and regional transport capabilities.port-and-ship
May 23, 2025
Container News
Saudi Arabia Accelerates Maritime Logistics Power Play Amid $600 Billion Us Investment Deal And Syria ReintegrationSaudi Arabia is rapidly advancing its ambitions to become a global logistics powerhouse, following the surprise announcement of a $600 billion investment pledge in the United States and the unprecedented lifting of US sanctions on Syria.
The developments, unveiled during former President Donald Trump’s visit to the Kingdom, represent a pivotal reshaping of geopolitical and commercial alignments in the Middle East.
At the heart of this transformation lies the India-Middle East-Europe Economic Corridor (IMEC), a transcontinental initiative designed to link South Asia with Europe via Gulf ports.
Saudi Arabia has emerged as the
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May 21, 2025
Container News
Dp World To Invest $2.5 Billion In 2025 To Strengthen Global Logistics NetworkDP World has announced a major investment of $2.5 billion in 2025 to expand its global logistics infrastructure, with new projects spanning India, Africa, South America, and Europe.
The investment covers four major developments across four continents, significantly enhancing DP World’s capacity and capabilities across its global port network.
Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, said that despite short-term uncertainty, this $2.5 billion commitment reflects the confidence in long-term trade growth and the determination to build the infrastructure needed to keep the world connected.
Key infrastructure projects will include: Tuna Tekra Terminal (India,Gujarat), Banana Port (DR Congo), Ndayane Port (Senegal), Posorja Port Expansion (Ecuador) and London Gateway Expansion (United Kingdom).port-and-ship
May 20, 2025
Container News
Pil Reports Record Profit Of Us$1.34 Billion For Fy2024 Amid Strong Market PerformancePacific International Lines (PIL) delivered a robust financial performance in FY2024, posting a net profit after tax of US$1.342 billion, a significant increase from US$306.93 million in FY2023.
This surge was driven by strong growth in operating revenue and disciplined cost control across the group.
For the full year 2024, PIL recorded total revenue of US$4.305 billion, marking a 49% year-on-year increase, mainly attributed to the strong performance of its container shipping segment.
EBITDA rose sharply from US$566.17 million in FY2023 to US$1.692 billion, reflecting an improvement of US$1.126 billion.
PIL’s core container shipping business reported FY2024 revenue of US$3.764 billion, up US$1.258 billion from the previous year. The growth was supported by higher freight rates, strong asset utilisation, and a 9.6% year-on-year increase in volumes, despite operating in a highly disrupted global environment.
This translated into EBITDA of US$1.654 billion and EBIT of US$1.329 billion for the segment.
The container manufacturing segment saw revenue climb to US$541.14 million in FY2024, an increase of US$163.44 million over FY2023. The segment delivered EBITDA of US$47.26 million and EBIT of US$33.66 million.
As of 31 December 2024, PIL maintained a strong balance sheet with cash reserves of US$2.330 billion. Its operating fleet consisted of 89 owned vessels and 12 chartered-in vessels.
As part of its commitment to fleet modernisation and sustainability, the company has ordered 18 LNG dual-fuel newbuilds, of which six have been delivered.port-and-ship
May 20, 2025
Container News
Hmm To Buy Back Us$1.4 Billion Of Shares To Boost Corporate ValueHMM will buy back up to KRW 2 trillion (US$1.4 billion) of its own shares by the end of June, to be held as treasury stocks.
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May 16, 2025
Container News
Dp World Inks Us$760 Million Investment Deal For Caucedo Port ExpansionDP World has signed a US$760 million Memorandum of Understanding (MoU) with the government of the Dominican Republic to expand the Port of Caucedo and its Free Trade Zone.
The agreement, signed with the Ministry of Industry, Commerce, and MSMES (MICM) of the Dominican Republic, initiates negotiations that will raise Caucedo’s container handling capacity from 2.5 million to approximately 3.1 million TEUs, while unlocking 225 hectares of development-ready land for the Free Trade Zone.
Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, commented: “This agreement marks a major step forward in our vision — shared with our local partners and stakeholders — to enhance the country’s competitiveness and connectivity, creating greater opportunities for local communities and businesses to thrive.”
“By boosting capacity and enabling nearshoring opportunities, we will transform Caucedo into the most advanced logistics hub in the Caribbean, not only strengthening supply chain resilience across the Americas but also creating a powerful engine for economic growth and job creation in the Dominican Republic. We are proud to deepen our partnership with the government and people of this vibrant nation, building a future where trade works better for everyone.”
DP World, which has operated in the Dominican Republic for over 25 years, currently manages both the marine terminal at the Port of Caucedo and the adjacent 86-hectare Free Trade Zone Park.
Since 2003, the company has invested more than US$700 million in its development, boosting capacity from 900,000 TEUs in 2003 to 2.5 million TEUs today.
The new US$760 million investment will be split evenly:
• US$380 million for the port, including the expansion of the quay and breakwater to accommodate next-generation vessels and general cargo operations, new ship-to-shore cranes, yard equipment, advanced surveillance systems and security infrastructure, and upgrades to gates, roads and automation systems.
• US$380 million for the Free Trade Zone, including a new road network, utilities, a commercial and marketing center to attract global tenants, and pre-built storage units.
DP World estimates the combined project will add around 300,000 TEUs a year of cargo volume, attract US$3.9 billion in FDI, and drive US$4 billion in new manufacturing output to support thousands of new jobs.
Morten Johansen, Chief Operating Officer of DP World Americas, said: “This is a transformative investment, not just in infrastructure, but in the future of the Dominican economy. The expansion is expected to generate billions in foreign direct investment, create thousands of new jobs, and solidify the Dominican Republic’s position as a premier destination for nearshoring and global trade. We are proud to help unlock the country’s full potential and build a foundation for long-term prosperity.”port-and-ship
May 15, 2025
Container News
Hmm Records Us$2 Billion In Q1 RevenueSouth Korean container shipping company HMM has announced solid results in the first quarter of 2025.
In particular, HMM reported a 23% revenue jump year-on-year to KRW2,855 billion (US$2 billion), a 51% increase in operating profit, reaching KRW614 billion (US$439 million) and a 52% growth in net profit to KRW740 billion (US$520 million).
“Despite declining freight rates and the impact of U.S. tariff policies, we achieved solid profit growth in Q1 2025 through fleet expansion, the launch of new services, and strengthened sales efforts,” said an HMM official.
Additionally, the company’s operating margin rose to 21.5%, compared to 17.5% in the same period last year.
HMM expects volatile market conditions to persist due to risks from ongoing U.S. tariff negotiations, vessel oversupply, and geopolitical instability, including uncertainty over the resumption of transit through the Red Sea.
A decline in cargo volume from China to the U.S. is also expected to disrupt the supply-demand balance and place downward pressure on freight rates, according to the major ocean carrier.port-and-ship
May 14, 2025
Container News
Yang Ming Nears Us$1.4 Billion In Q1 RevenueTaiwanese shipping company Yang Ming reported total revenues of US$1.38 billion in the first quarter of 2025, while container volumes between China and the United States have been significantly impacted due to tariff-driven trade policies.
The United Nations Conference on Trade and Development (UNCTAD) and the International Monetary Fund (IMF) have revised their 2025 global economic growth forecasts downward to 2.3% and 2.8%, respectively, while Drewry and Clarksons have also revised their container demand growth forecasts for 2025 to -1.0% and 0.3%, respectively. Supply growth is estimated at 5.4% and 6.3%.
In light of continued geopolitical, economic, and supply chain uncertainties, Yang Ming said it will try to remain vigilant in monitoring market demand and cargo flow trends.
The company added that it will continue to optimize its service network and maintain flexible fleet deployment. Furthermore, the Taiwanese carrier noted it will continue its fleet and container renewal programs to strengthen operational capabilities and deliver stable, efficient container transport services.port-and-ship
May 13, 2025
Container News
Denmark Proposes Us$1 Billion State-Backed War Risk Insurance For ShippingThe Danish government has unveiled plans to establish a state-backed US$1 billion war risk insurance programme for the shipping sector, intended as a safeguard in case commercial insurance markets become unavailable.
Describing the proposal as a “timely precaution,” the government plans to present the initiative to parliament for a vote later this year.
“There are global tensions and war on European soil,” said Denmark’s Business Minister Morten Bodskov. “It’s essential that we are prepared—even for the worst-case scenarios.”
Anne Steffensen, CEO of Danish Shipping, the national shipowners’ association, commented: “The timing is exactly right for the activation of the War Insurance Institute. It’s always wise to be well insured. And of course, the shipping companies are covered through the regular commercial market. But in an extraordinary war scenario, it can be critically important that the Danish merchant fleet is still able to operate. This proposal contributes to securing that possibility if Danish shipping can no longer be covered by commercial insurance. And like with all other insurance schemes, I sincerely hope we never have to use it.”port-and-ship
May 02, 2025