09.12.2022

Is it a price war - or is it competition?

According to a market forecast made by Container X Change, an online platform for container logistics, “the probability of an all-out price war in 2023 is high," as CEO Christian Roeloffs put it. After the times of scarce...
09.12.2022

Call to integrate inland navigation

Alternatives on the water are important solutions for Universal Transport, an oversized and heavylift specialist that is a part of Gruber Logistics. In the face of a tense situation in the heavylift industry the company has...
09.12.2022

Risks of the European emissions trading systems

Interferry, the International Association of Ferry and Passenger Ship Operators, has warned that the inclusion of maritime transport in the European emissions trading system (EU ETS) is going to result in a significant increase...
08.12.2022

Money (no longer) talks

The Copenhagen-based maritime consultancy Sea-Intelligence has taken a closer look at the financial results of major shipping lines in recent times. The first rank of carriers can look back on USD 124 billion in operating profits...
08.12.2022

When French and US-Americans sympathise

The Marseille-based CMA CGM Group has inked an agreement to acquire GCT Bayonne and New York terminals, on Staten Island. The two east coast facilities belong to Global Container Terminals (GCT). The price of the purchase wasn’t...
08.12.2022

More volumes in sweet waters

Puerto Aguadulce (Colombia) passed a threshold by handling the largest-capacity vessel so far to call the port and in the country at all. The ‘CMA CGM Argentina’, a 1,572 teu vessel, was built in 2019 and sails under the Maltese...
07.12.2022

More capacity for a shortsea service

Sweden’s Stena Line has added capacities to its route between Rosslare and Cherbourg. From June 2023 onwards the ‘Stena Vision’ will change from the Baltic to the Atlantic and second the ‘Stena Horizon’ on the route between...
07.12.2022

New unit digitalised into the fleet

SITC International, headquartered in Hong Kong, and Yangzijiang Shipbuilding have put a new vessel into operation, the ‘Haifeng Chenming’. The ceremony was largely held online, due to the policy to tackle the...
07.12.2022

Spaniards on the British coast

The first vessel in a new dedicated service from Spain and Portugal to Great Britain called at Teesport recently. The ‘Kristin Schepers’, a vessel with the capacity to carry 800 containers, arrived from Aveiro (Portugal) to...
06.12.2022

First quay cranes arrive in Papua New Guinea

South Pacific International Container Terminal (SPICT), a unit of International Container Terminal Services Inc (ICTSI) located in the Port of Lae, can now handle larger box ships, thanks to the arrival there of two new...
06.12.2022

Deepwater port operational in Timor-Leste

Tibar Bay Deepwater Port, a new port that will improve logistics services in Timor-Leste and develop into a regional transhipment hub, was officially inaugurated recently. The first public-private partnership in the country is in...
06.12.2022

Ammonia-powered vessel on the horizon

K Line has revealed that it has teamed up with the Itochu Corporation, the Nihon Shipyard Co, the Mitsui E&S Machinery Co and NS United Kaiun Kaisha and together they have obtained approval in principle from the Nippon Kaiji...
06.12.2022

Saab stepping back from port management

Saab is selling most of its shares in Maritime Traffic Management (MTM), a provider of management solutions for vessel traffic, ports and terminals. The shares will be purchased by funds advised by Agilitas Private Equity, for an...
05.12.2022

A shipping platform to vanish

Trade Lens’ days are over. The initiative launched by A.P. Moller-Maersk and its tech partner IBM will be withdrawn from the market. “Trade Lens was founded on the bold vision to make a leap in global supply chain...
05.12.2022

E-power for inland navigation in Brazil

Hidrovias do Brasil has commissioned a new project to retrofit its push-barge ‘Herkules V’, to improve efficiency, reduce emissions, and lower operating costs in its inland shipping services in Brazil. The Finnish technology...
05.12.2022

A new service to call in Egypt?

New options for goods traffic between Egypt and Russia are currently under negotiation. Andrey Severilov, chairman of the board of directors of the Fesco Transport Group, is in contact with Yasser Moustafa, the head of the...
02.12.2022

GAC is in love with Sweden

The Middle East-based GAC Group has acquired Finland-based ESL Shipping's Swedish subsidiary Norra Skeppningsgruppen (NSG). This is already the second Swedish ship agency purchased by GAC in 2022. The transfer of NSG to GAC...
02.12.2022

IGS service to roll

The Ocean Network Express (ONE) is launching a new weekly India Gulf Service IGS to connect India to/from UAE. With this new offer, ONE is responding to a rise in demand due to the increase in trade between the two countries...
02.12.2022

New York-New Jersey on track

The US Port of New York and New Jersey (Panynj) is also benefitting from the shift of cargo flows from the West to the East Coast. Altogether, about 19% more cargo was handled in October 2022 compared to the same month in...
01.12.2022

Negative impact on world trade

In October 2022, the container throughput index published by the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) declined sharply to 120.8 points from the 124.2 points...
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