10.11.2023

Nearshoring trend: data reveals truth

The concept of nearshoring suggests that as companies move production closer to consumer markets, average sailing distances for shipped goods would be reduced. According to Sea-Intelligence, for North America, there has been...
10.11.2023

Free access to Shipnext platform for ICS students

The Institute of Chartered Shipbrokers (ICS) and Shipnext, a digital SaaS platform, have partnered to enhance education in the shipping industry for its students. Shipnext provides a range of digital solutions, including...
09.11.2023

Record highs for ICTSI earnings

International Container Terminal Services Inc (ICTSI) has reported a 4% increase in net income to USD 484.5 million for the first nine months of 2023, with ebitda and net income reaching record highs. The company saw a 7% growth...
09.11.2023

Appeal against Gateway Basel Nord approved

On 19 October 2023, Switzerland’s federal administrative court ruled in favour of an appeal by Swissterminal against the Swiss government's financial contribution with regard to the planned trimodal Gateway Basel Nord (GBN)....
09.11.2023

DP World's investment in London Gateway

DP World has marked a decade at London Gateway with a GBP 56 million (USD 69 million) investment in four automated stacking cranes (ASCs), bolstering the company’s supply chain infrastructure in the UK. These cranes,...
08.11.2023

Ten new vessels for AD Ports

AD Ports Group is acquiring ten offshore vessels for approximately USD 200 million from E-NAV to reenforce its operations in the Middle East and Southeast Asia. These vessels, with an average age of nine years and younger than...
08.11.2023

ZEX: revamped China-LA route

Zim Integrated Shipping Services has re-introduced its Zim e-commerce Xpress (ZEX) line, a service connecting South China to the US West Coast and tailored for the e-commerce sector. ZEX offers a 12.5-day transit from China...
08.11.2023

German partnership for water logistics

HGK Shipping and Salzgitter Flachstahl have signed a contract for the long-term lease of three dry cargo ships, aiming to shift more logistics to inland waterways. The agreement follows a memorandum from August 2023 that...
07.11.2023

Shipping to and from Israel

The Israeli container carrier Zim recently confirmed that, besides deploying its vessels for ‘national needs’, the shipping line will continue its civil business and continue to accept bookings and transport containers to and...
07.11.2023

ONE grows port holdings

Ocean Network Express (ONE), the world’s sixth largest container carrier, has acquired a majority stake in two US West Coast terminal operators, Trapac in Oakland and Yusen Terminals in Los Angeles, and a significant stake in...
07.11.2023

Mexico's mega ship milestone

Contecon Manzanillo (CMSA), a subsidiary of ICTSI operating the Specialised Container Terminal 2 in the Port of Manzanillo, has set a new milestone in Mexico's port industry by handling 14,400 teu during a single vessel call by...
06.11.2023

New vessels: Who is building most?

South Korea is home to some of the biggest global wharfs to date. The carriers launched a high number of orders in 2021 and 2022, and the content analyst of Veson nautical, Rebecca Galanopoulos Jones, gave details on the current...
06.11.2023

Introducing Columbia Shipmanagement Vietnam

The Columbia Group has expanded its global network of manning agencies by establishing Columbia Shipmanagement Vietnam (CSM Vietnam), a dedicated manning agency. This move aligns with Columbia's goal to access the emerging...
06.11.2023

Itic issues risk warning for ship managers

The International Transport Intermediaries Club (Itic), a mutual insurer which offers professional indemnity cover for transport intermediaries in various industries, has cautioned ship managers about the risks and costs...
03.11.2023

Cooperation with customs authorities fosters trade

IAPH was honoured to welcome Ricardo Treviño Chapa at IAPH World Ports Conference for the launch of the first evert International Association of Ports and Harbors (IAPH) World Customs Organization Guidelines on Cooperation...
03.11.2023

Korean partnership to reduce CO2 in shipping

KR (Korean Register) and HD Hyundai Global Service have signed an MOU to collaborate on verifying maritime carbon reduction solutions. With increasing decarbonisation regulations, shipping firms are turning to digital technology...
03.11.2023

Harren Group: new ship management service

Harren Group, a German maritime services and logistics provider, has added Harren Ship Management to its portfolio in response to customer feedback on existing ship management services. Harren Ship Management adopts a holistic...
03.11.2023

Electronic payment services for seafarers

Mitsui O.S.K. Lines (MOL) has introduced Martrust, a specialised payment service for seafarers on its vessels. Developed by the Marcura Group, Martrust offers e-wallet accounts and international debit cards to seafarers, enabling...
02.11.2023

MOL inks long-term charter with Jera

The Japanese company Mitsui O.S.K. Lines (MOL) has signed a long-term charter deal for a newbuilding LNG carrier with a vessel operation management company funded by Jera. This marks the sixth contract with Jera for LNG carrier....
02.11.2023

Global shipping overcapacity: balanced by 2028?

According to Sea-Intelligence, the container shipping market is grappling with overcapacity, with 2023 and 2024 expected to see significant excess. Optimistic scenarios suggest potential rebalancing by 2028, but uncertainties...
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