The European Commission has opened an in-depth probe to verify whether direct grants of EUR 44 million (USD 48.8 million) from Italy to the Port Authority of Naples were in line with EU state aid rules.The grants were used to renovate the d

The port of Santos, one of Brazil’s largest ports, will be hit by a 24-hour strike starting in the morning hours of March 21 as the port’s dockworkers demand wage adjustments for inflation, the Stevedores Union informed.The industrial act

Four of Hanjin Shipping’s 4,275 TEU containerships were sold to South Korean company Korea Marine Transport Co (KMTC) for a price of USD 22.4 million, according to data provided by VesselsValue.The 2008-built Panamaxes, which were sold thr

Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) have reached an agreement to enter into a new strategic cooperation.The cooperation is a combination of slot exchanges and slot purchases between the three