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Global Ports under severe pressure in 2016

Global Ports, which is partially owned by APM Terminals, experienced a large decline in revenue in 2016 following significantly reduced container activity in Russia. "The Russian container market remained sluggish," says CEO Vladislav Baumgertner. But there are signs of improvements ahead.

Photo: Global Ports PR

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J. Lauritzen lost USD 45 million in 2017

Denmark's J. Lauritzen lost USD 45 million in 2017, almost in line with the year before. The carrier expects a better result this year, though still not satisfatctory. And a potential recovery could be muted.

Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.

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