01.06.2022

Which cure for the maritime crisis?

Four government advisors and decision makers representing four global regions were present on Fiata's panel entitled “Moving Forward: What are the Solutions to the Maritime Crisis”, a side event of the Fiata HQ Meeting in Geneva...
01.06.2022

ONE also expanding its fleet

Another round of ten Very Large Container Ships (VLCS) is in the pipeline. The Ocean Network Express (ONE), headquartered in Singapore, recently inked two ship building contracts at the same time. One contract was signed with...
01.06.2022

New hybrids on Grimaldi's seas

It was of course Malta that hosted the breaking of the champagne bottle. The christening ceremony for “Eco Malta”, the latest ro-ro vessel delivered to the Grimaldi Group, took place in the port of Valletta. It is the sixth unit...
01.06.2022

Upgrade for Timor Port

New equipment has been acquired for the Tibar Bay deep sea port close to Dili, the capital city of East Timor. Timor Port, a subsidiary of Bolloré Ports, recently received two tugs, two STS gantries and four RTG gantry cranes....
31.05.2022

Index shows clear decline in China

In April 2022, the container throughput index published by the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) declined to 122.8 points from 123.3 points (seasonally...
31.05.2022

On how a carrier can buy back stocks

At its 2022 annual general meeting, Evergreen International, a corporate shareholder (4.96%) in Evergreen Marine, launched a request via its representative, lawyer Chu-chun Wu. He said that "Evergreen Marine should buy back...
31.05.2022

Trois-Rivières managed 2021 well

Canada’s Trois-Rivières Port Authority (TRPA) has reported its 2021 results. The port, located at the confluence of the Saint-Maurice and Saint Lawrence rivers, welcomed 217 vessels, recorded cargo traffic of 3.9 million t and...
30.05.2022

Queuing up at the Panama Canal

According to data collected by Bloomberg, the number of vessels waiting to pass through the Panama Canal is rising. A week ago, there were 101 vessels waiting their turn to make the 64.5 km journey through the canal, six more...
30.05.2022

A new Asian-African link

A new African connection is on. Hapag-Lloyd is launching its new bi-weekly service Maputo Express (MAX) at the beginning of June 2022. The direct service will rotate between only three ports: Jebel Ali, Dubai, Mundra, India, and...
30.05.2022

Green label in Gabon

The Owendo Container Terminal (OCT) in the port of Owendo in Gabon has been granted the Green Terminal label. The certification was issued after an audit conducted by Bureau Veritas in early May 2022. This audit includes the...

Viva México!

Verstetigt sich der Umschlagsanstieg in Mexikos Häfen?
25.05.2022

Seaspan's growing order book

The Hong Kong-based Seaspan Corporation, an affiliate of the Atlas Corporation, is planning to acquire more newbuilds. Its agreement with "a major shipyard" that was not specified, includes the order of four 7,700 teu...
25.05.2022

Jacksonville's deepened channel is wide open

Jacksonville (Florida) recently celebrated the completion of the Jacksonville Harbour deepening project. Covering 13-miles (21 km), the project is also funded by the US federal authorities. The federal shipping channel was...
25.05.2022

175 candles on the cake

These are early congratulations, since the first founding of the future Hapag-Lloyd took place on 27 May 1847 – almost exactly 175 years ago. Shipowners and merchants in Hamburg created the Hamburg-Amerikanische...
24.05.2022

Big investment for Panama

It's a big deal: Notarc Management Group (NMG), a Latin American-focused private investment and asset management firm, which launched its Panama Development Fund (PDF) last year, is going to acquire and accomplish the Panama...
24.05.2022

The return of the idle fleet?

According to the Swedish maritime platform provider Xeneta, carriers are starting to "balance demand and capacity to protect rates." A capacity reduction of 517,300 teu - or 25% of the initial capacity offering - was...
24.05.2022

More containers down the Rhine

In Q1/2022, throughput at the Swiss Rhine ports was just under 1.2 million t, 7.8% below Q1/2021 (1.26 million t). The big winner was the container sector with almost 37,000 teu (+31%). Export traffic recorded an uptick of...
24.05.2022

Sustainable laurels for Valenciaport

Environmental sustainability is today's battle cry. In this context, the Port Authority of Valencia (PAV) has won a prize at the World Sustainability Awards, the “port Oscars” in environmental matters, granted by the...
23.05.2022

ZIM's new outlook on 2022

For the Haifa-headquartered shipping company ZIM, business in Q1/2022 continued the previous year's trend. Unlike some other carriers, ZIM was able to grow its volumes by 5% compared to Q1/2021. The company's adjusted ebitda...
23.05.2022

WCI on a stable high

Drewry's World Container Index moved sidewards (-0.1%) this week, maintaining the level of USD 7,648.18 per feu. A comparison with the same period in 2021 shows the difference. The WCI is 24.7% higher than the same week in 2021....
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