DP World has announced the 1H 2018 financial results, showing a 14.4% revenue growth and a 7.9% increase in adjusted EBITDA. The reported revenue is USD 2,626 mln, its growth is accounted for by the volume growth across all three regions and the impact of new acquisitions including Drydocks World LLC, Dubai Maritime City and […]
Blockshipping, the Danish start-up aiming to develop the world’s first blockchain-based container registry, announced the start of its ICO (initial coin offering) on 15 April, 2018. During the ICO period the company plans to sell 40,000,000 Container Crypto Coins (CCC), which will serve as dividend tokens, at USD 0.62. Currently, the company invites all interested […]
300cubits, a Hong Kong-based blockchain start-up, has announced that it will begin giving out its cryptocurrency called TEU to a selected group of container shipping lines and freight forwarders as from 1 February 2018. The world’s first crypto tokens of the shipping industry will be distributed for free, on a first come first served basis, […]
The port of Antwerp plans to invest EUR 1.4 mln over the next 3 years in projects aimed at making port-generated freight traffic smoother and more efficient. The 7 private-sector projects that were selected for financial support on the basis of a Call for Proposals issued by the Port Authority in the beginning of 2017, […]
The Port of Gdansk has become one of the two Polish entities to receive funding from the Connecting Europe Facility (CEF), an EU financial instrument supporting the development of transport, energy and digital services, informs the Port Authority. The funding of EUR 19.9 mln was granted to the Port of Gdansk in the course of the […]
Philippines-based port operator International Container Terminal Services, Inc. (ICTSI), has announced today the unaudited consolidated financial results for the quarter ended March 31, 2017, posting a 23% increase in net income: USD 51.7 mln against USD 42.2 mln earned in the first quarter last year. According to the report, the operator’s consolidated throughput grew by 11% […]
The Maersk Group has published its Q3 2016 results today. According to the press release, in the third quarter of the current year the Group delivered revenue of USD 9,177 mln (-9.2% y-o-y) and profit of USD 438 mln (-43.7% y-o-y). The negative results were significantly impacted by market conditions, particularly low container freight rates […]
