CK Hutchison’s port operations experienced an 11% surge in sales in 2024, bringing its revenue almost on par in US dollar terms with Singapore’s PSA International, positioning both among the top revenue-generating global port groups. The port operations of Hong Kong-based CK Hutchison, controlled by tycoon Li Ka-shing, generated revenue of HK$45.28 billion (US$5.8 billion) […] The post CK Hutchison’s earnings highlight necessity of terminals in liner shipping appeared first on Container News.

German container line Hapag-Lloyd has announced a new peak season surcharge (PSS) for shipments from Europe to America. The surcharge will apply for Canada and Mexico from 15 May and the United States from 25 May. The details for this peak season surcharge are listed below: 20′ Containers: US$600 40′ Containers: US$900 The PSS will […] The post Hapag-Lloyd applies PSS from Europe to America appeared first on Container News.

Gulftainer, a global supply chain and logistics solutions provider, has announced growth and significant achievements for the year 2024. The company achieved a record-breaking 2 million TEUs, underscoring its major role in container handling across the Middle East and beyond. Additionally, the Group continued to expand its reach, handling 5.5 million tonnes of non-containerised cargo, […] The post Gulftainer hits record 2 million TEUs in landmark year appeared first on Container News.

Singapore-headquartered Pacific International Lines (PIL) has named its first 8,200 TEU LNG dual-fuel container ship, Kota Oasis. The vessel was named by Cindy Chang, wife of Peter Chang, PIL’s Deputy Chairman, at a ceremony held at the Yangzijiang Shipbuilding yard in China. Kota Oasis is the first in a series of four 8,200 TEU LNG […] The post PIL christens new LNG dual-fuel container vessel appeared first on Container News.