24.03.2021

Strong February in NSWA

The Northwest Seaport Alliance on the US West Coast handled more than 263,000 teu (+1%) in February 2020. Full imports increased by 10.3%, while full exports decreased 13.6%. The upward trend is clear: the year-to-date...
24.03.2021

ZIM's performance validated

The carrier ZIM reported that in 2020, its revenues went up by 21% to USD 3.99 billion, its adjusted ebit for the full year increase to USD 722 million (+372%) and its net income amounted to USD 524 million, compared to a loss of...
24.03.2021

Bimco on maritime emissions - and cost

Accoding to Sadan Kaptanoglu, president of the Baltic and International Maritime Council (Bimco), current low-emission technologies require market-based measures (MBM) that equalise costs to be able to compete with traditional...
23.03.2021

OOCL drives CIS and PHF2

Hong Kong-headquartered Orient Overseas Container Line (OOCL), an affiliate of Cosco, will change its China and Indonesia services as well as its feeder network to the Philippines. The CIP service will be replaced by the...
23.03.2021

Crew crisis on the rise again?

Shipping companies fear that the number of seafarers affected by the crew change crisis is on the rise due to travel restrictions imposed by governments to combat the new variants of the virus. The latest industry analyses show...
23.03.2021

Ghana's FRU and FSU classified

The Torman LNG floating regasification unit (FRU) has been inspected and classified in sheltered waters at Tema port, Ghana, by Bureau Veritas (BV). The unit is combined with a floating storage unit (FSU) for the delivery of gas...
22.03.2021

Much better than expected

Europe’s ports experienced 2020’s ’­annus horribilis’ in many different ways. Only Antwerp improved; Algeciras maintained its throughput. In the end box volumes were better than most had expected.

22.03.2021

Newbuild for DShip Carriers

Hamburg-based DShip Carriers has added a F-500 vessel to its fleet. The ‘MV Charlie’ was launched at the beginning of March. It is equipped with two Liebherr cranes, featuring a lifting capacity of 250 t each, and has a...
22.03.2021

BDI at record high

The Baltic Dry Index (BDI), an index of the international dry cargo freight market, stood at 2,105 points on 17 March. The BDI thus reached its highest value since 4 September 2019, when it scored 2,518 points, the record in...
22.03.2021

MOL banks on hybrid bonds

Japanese shipping company MOL has submitted an amended version of the shelf-registration statement regarding the issuance of publicly offered hybrid corporate bonds (no collateral and subordinated corporate bonds) to the...
19.03.2021

Hapag-Lloyd can afford further acquisitions

Hamburg-based carrier Hapag-Lloyd has released its audited results for 2020. While revenues went up by 3.3%, amounting to USD 14,6 billion, ebitda grew significantly by 38.6% compared to 2019, passing the threshold of USD 3...
19.03.2021

Three stand united for hydrogen

Ardmore Shipping, owner and operator of tankers, Element 1 (E1), headquartered in Bend, Oregon, and Maritime Partners, headquartered in New Orleans, have formed an equal share partnership called "e1 Marine" to bring...
19.03.2021

Valenciaport started well in 2021

A good start for Valenciaport in January and February this year: The port handled 13,5 million t of goods and more than 917,000 teu, an increase of 5.89% and 3.53%, respectively, compared to the same period in 2020. The...
18.03.2021

Duisport and Singapore JV invest in China

Multimodal Investments (MIPL) is the name of the new Singapore-based joint venture company that was jointly established by PSA Northeast Asia Supply Chain, a subsidiary of PSA International, and multimodal Duisburger Hafen AG...
18.03.2021

Nile Dutch sails to Hamburg

Hamburg-headquartered carrier Hapag-Lloyd has inked an agreement with container shipping company Nile Dutch to take over all its shares. Financial details were not disclosed and the transaction is subject to regulatory...
18.03.2021

Investors for a blockchain BL model

Wave BL, a developer of blockchain networks to support paperless trade in the shipping industry, saw a joint investment in a Series B Financing round of carrier ZIM and Marius Nacht, an Israeli serial entrepreneur and investor....
18.03.2021

More renewable fuels in the Netherlands

Neste, a major producer of renewable diesel, is expanding its production site in Rotterdam, where the company already runs a factory on the Maasvlakte. Although Neste also has plants in Sluiskil and Vlaardingen in the...
17.03.2021

Less congestion on West Coast?

Despite the Port of Long Beach's busiest February so far, the congestion in front of the ports of Los Angeles seems to be easing. Long Beach handled almost 772,000 teu in February, a significant upswing of 43.3% in comparison to...
17.03.2021

River transport links Paraguay with Brazil

Brazil Tec Plata, the Argentine subsidiary of International Container Terminal Services, recently welcomed a new service that links the ports in Paraguay to the Port of La Plata, and from there, to the main ports in Brazil....
17.03.2021

Analysing a decade's progress in Barcelona

The Port of Barcelona has launched a new economic impact study of commercial and digital activities, aiming to assess the port's commercial dimension and the added value it generates in the economy of its hinterland. The...
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