Philippines-based port management company International Container Terminal Services (ICTSI) has increased its 2018 profit on the back of a six percent increase in TEU volume and inclusion of new terminals. Consolidated volume for 2018 rose to 9,736,621 TEUs, compared to 9,153,458 TEUs in 2017, the company said in its 2018 earnings report. In addition to volume growth, revenue from port operations increased 11 percent to USD 1.4 billion, as opposed to USD 1.2 billion in 2017.

World’s largest container shipping company Maersk Line has had a rough start of the year, having reported a string of incidents involving its boxships. The latest one has seen Post Panamax containership Laura Maersk collide with MSC Schuba B owned by Seaspan and chartered by Maersk Line’s 2M partner, MSC. The incident took place in Callao port, Peru, on Saturday, March 24. Based on the video that captured the incident, the two ships got in contact while they were maneuvering