Abs Group News

 

CMA CGM Group Announces $20 Billion Investment in U.S.

Mar 06, 2025

CMA CGM Group has announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years.The announcement builds on CMA CGM Group’s 35-year presence in the U.S. Today, the Group operates in 40 states and employs 15,000 Americans. As a leading partner in U.S. trade, CMA CGM transports over 5 million shipping containers to and from the country each year…

Maersk Files Lawsuit Over Brazil Port Bid

Jun 25, 2025

Global shipping groups are looking to Brazil's courts to overturn competition rules that bar them from participating in the first round of bidding on a major new container terminal at Latin America's largest port, due to take place later this year…

All in the Family: The SunStone Maritime Group CEO Torch Passes to Carsten Lund

Jun 25, 2025

cut685bdfb8b3c6622a5fe1f2da_Lund Family1SunStone Maritime Group A/S takes next step in previously announced leadership transition.After 35 years as Chief Executive Officer, founder Niels-Erik Lund is retiring as CEO on June 30, 2025. Niels-Erik…

X-Press Feeders Group, COSCO SHIPPING Lines Partner to Enhance Feeder Connectivity

Jun 18, 2025

X-Press Feeders Group, the world’s largest independent common carrier, has signed two agreements with COSCO SHIPPING Lines, one of the world’s largest mainline operators, to expand network coverage, strengthen mainline-feeder coordination and improve service reliability…

Adani Ports Plans Local Market Comeback After 17 Month Hiatus

May 28, 2025

Adani Ports and Special Economic Zone, India's largest private port operator, plans a return to the domestic bond market after a 17-month hiatus in what could be its largest-ever rupee denominated debt issue, three merchant bankers said on Wednesday…

Israel Attacks Yemeni Ports, Says Houthi-Run TV Outlet

May 16, 2025

Israel attacked Yemen's ports of Hodeidah and Salif along the country's Red Sea coast on Friday, the Houthi-run Al Masirah TV said, in an apparent response to the militant group's missile launches against Israel.Al Masirah did not provide further details…

CMA CGM Welcomes its First Indian Flagged Vessel at Nhava Sheva Free Port Terminal

Apr 28, 2025

The CMA CGM Group welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier, CMA CGM Vitoria, at Nhava Sheva Free port Terminal on April 28, 2025, in the presence of Honourable Minister of State for Ministry of Ports…

The CMA CGM Group to Acquire 35% Stake in October Dry Port

Apr 14, 2025

Following French President Emmanuel Macron’s state visit to Egypt, and in the presence of H.E. Kamel El Wazir, Deputy Prime Minister for Industrial Development and Minister ofTransport and Industry, the CMA CGM Group signed a partnership agreement with October Dry Port (ODP)…

NYK Group: Three Companies to Merge

Apr 14, 2025

Three shipping and ship-management companies within the NYK Group—Asahi Shipping Co., Ltd., Hachiuma Steamship Co., Ltd., and Mitsubishi Ore Transport Co., Ltd.—will merge as part of a business integration.Overview of New CompanyCorporate Name: NYK Bulkship Partners Co…

AD Ports Group Releases 2024 Annual Report

Apr 02, 2025

AD Ports Group, a leading global enabler of trade, transport, industry, and logistics, issued its 2024 Annual Report, which chronicled a year of revenue and profit growth, as the Group consolidated two major acquisitions and drove forward its profit-enhancing international expansion…

ABS, MPA Expand Partnership to Drive Innovation, Workforce Development

Mar 25, 2025

New ABS Singapore Maritime Safety Centre to support immersive training in alternative fuels and safety operationsThe American Bureau of Shipping (ABS) and the Maritime and Port Authority of Singapore (MPA) have renewed their long-standing partnership…

The Caravel Group acquires India's International Maritime Institute

Mar 12, 2025

Dr. Harry S. Banga and Mr. Angad Banga of The Caravel Group announced their acquisition of the International Maritime Institute (IMI), a maritime academy. In addition to its commitment to future seafarers, the Group will leverage IMI’s capabilities to strengthen the training available to its 28…

AD Ports Group Opens Al Faya Dry Port in Abu Dhabi

Feb 24, 2025

Abu Dhabi-based AD Ports Group has inaugurated a new, custom-bound inland dry port facility, enhancing the connectivity of Khalifa Port.Al Faya Dry Port, strategically located between Abu Dhabi and Dubai, will act as an Inland Container Depot (ICD) linked overland to Khalifa Port…

KEZAD Group: Infrastructure Development, Economic Growth in Abu Dhabi

Feb 17, 2025

Khalifa Economic Zones Abu Dhabi-KEZAD Group, the region's largest operator of integrated economic zones, continues to lead the UAE’s infrastructure development with transformative projects, reshaping Abu Dhabi into a global hub for industrial and economic activities…

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