According to DynaLiners, UAE-based CStar Line and its affiliate STF Shipping are reportedly winding down their operations and have stopped accepting new bookings, as first reported by Infranews. Both companies are said to be facing serious financial difficulties, including outstanding debts of around RUB 862 million (USD 10.9 million) owed to Vostochny Stevedoring Company in […] The post CStar Line and STF Shipping reportedly cease operations appeared first on Container News.| Container News
CEVA Logistics has officially opened a brand-new Contract Logistics site in Košice, Slovakia, marking a major milestone in its growth across Central and Eastern Europe. The new facility reinforces CEVA’s strategic presence in the region and is fully equipped to deliver end-to-end automotive logistics solutions for OEMs and Tier 1 suppliers. Designed to meet the […] The post CEVA Logistics opens new automotive hub in Košice, Slovakia appeared first on Container News.| Container News
P&O Maritime Logistics, a wholly owned subsidiary of DP World, has completed the acquisition of a controlling stake in NovaAlgoma Cement Carriers. The transaction has received all necessary regulatory approvals and is now fully concluded. This acquisition strengthens DP World’s presence in the breakbulk and dry-bulk sectors, particularly in infrastructure-related cargo flows. By expanding into […] The post P&O Maritime Logistics completes acquisition of controlling stake in NovaAlgoma Cem...| Container News
T.S. Lines has withdrawn its only deployed vessel from the joint Transpacific service it operates with SeaLead Shipping (AWC) and KMTC (APX), according to DynaLiners. As a result, the service has been downgraded from a weekly to a fortnightly rotation. It remains unclear whether T.S. Lines plans to fully exit the trade or continue as […] The post T.S. Lines withdraws vessel from Transpacific service appeared first on Container News.| Container News
ABS has signed an agreement to acquire the MetaSHIP intellectual property and vessel simulator software assets from Orka Informatics.| Container News