05.01.2021

Three new units nearby

The Naples-headquartered Grimaldi Group opens the new year 2021 with an enhancement of its fleet. The delivery of the “Eco Barcelona” took place in early January, while two more vessels with different specifications, the “Grande...
05.01.2021

ZIM to go public

After first initiatives from mid-2019 on, the Haifa-based shipping company ZIM confirmed its plan to go public. Amongst others, the carrier recently published a prospectus ahead of an initial public offering (IPO) on the New York...
29.12.2020

Movement kicks in

The RCEP free-trade zone established on 15　November (‘only’ online, due to ­Covid-19) directly affects almost a third of the world’s population. New moves in the China trade have already been initiated now, before the expected...
23.12.2020

A lack of containers

Boxes aren’t always just where you need them – sometimes they are stored for too long, for example in Asia or North America. There are bottlenecks in Europe too, however. A Gothenburg initiative is now turning the tables.
17.12.2020

The Alliance – January sailing schedule

The Alliance, the shipping consortium made up of ONE, Hapag-Lloyd, Yang Ming and HMM, has adjusted its sailings in January to meet the needs of the new global shipping situation. Departures in almost every trade are disrupted to...
17.12.2020

ICTSI Pakistan welcomes CWX service

The port of Karachi’s Pakistan International Container Terminal (PICT), owned by International Container Terminal Services Inc (ICTSI), recently welcomed the inaugural call of a China–India link. The China–Indian west coast...
17.12.2020

Stockholm Norvik Port now fully open

A major new port opened on time and on budget in Sweden recently – despite the pandemic. The entire Stockholm Norvik Port, run by Ports of Stockholm, is now operational; its container terminal opened in May and its ro-ro terminal...
16.12.2020

New feeder service via Le Havre

A new weekly direct connection between the French port of Le Havre, part of Haropa Ports, and maritime hubs in Russia and Finland, started this morning. Cosco Shipping has reacted to recent experiences in British ports  by...
16.12.2020

Lack of containers is complex, says Drewry

The maritime consultancy Drewry reports that container shipping remains disrupted by box equipment shortages which are restricting available capacity and so forcing freight rates to record highs. However, the analysis shows that...
16.12.2020

MSC carries on both shoulders

Recently, Alphaliner pointed out that MSC is currently investing heavily in used vessels instead of newbuilds. In its race with Maersk over the title of the biggest global carrier, MSC has spent over a quarter of a billion...
16.12.2020

Share sale raises almost USD 100 million

For the first time since 2013, the Manila-headquartered International Container Terminal Services, Inc. (ICTSI) has raised money by the equity offering of shares. The group achieved an output of PHP 4.7 billion (USD 97 million)...
15.12.2020

K Line welcomes newbuild

K Line has taken delivery of the “Cape Ace” 100,000-dwt bulker which was completed by Namura Shipbuilding, Imari Shipyard & Works. The vessel, compliant with the common structural rules for bulk carrier (CSR-BC), has wide...
15.12.2020

Brexit on the other side of the channel

Normandy’s channel ports - Le Havre for Haropa and Caen-Ouistreham, Cherbourg and Dieppe for Ports of Normandy - have joined forces to help supply chain actors to be as ready as they can be for Brexit when it comes into force on...
15.12.2020

Turn Services acquires Bayou

Turn Services, which offers marine related services for waterborne transportation of cargoes for the dry cargo and petrochemical segments, is taking over Bayou Fleet from the Durant family. Located on the Lower Mississippi...
14.12.2020

Levant next goal for CMA CGM

Marseille-based CMA CGM is launching a standalone NC Levant weekly service from the port of Southampton in the UK, connecting northern Europe with the Eastern Mediterranean and Levant region from 8 January 2021. The NC Levant...
14.12.2020

Nova Marine acquires another vessel

Lugano (Switzerland)-based shipping company Nova Marine Carriers has acquired another handy size bulker. The company finalised the purchase of a 37.000 dwt handy-size bulk carrier that has been renamed “Sider Supreme”....
14.12.2020

Great expectations in Gothenburg

The Swedish Port of Gothenburg has embarked on the building of a new terminal, the largest port expansion since the 1970s. Dredged material is currently being reused as filling material in the construction of the port´s next...
11.12.2020

Just a short-term trend?

Rising freight rates, little free charter capacity, low bunker prices – developments are positive for major container shipping lines, despite the pandemic. It remains to be seen whether the trend will continue. An analysis was...
11.12.2020

Baltic Rail Gate sets the mark, again

Baltic Rail Gate (BRG) was able to handle the 100,000th load unit at its terminal recently. Like many other logistics companies, the subsidiary of the Lübecker Hafen-Gesellschaft (LHG) and the Frankfurt-based Kombiverkehr looks...
11.12.2020

Baltic Exchange assists investors

The Baltic Exchange, one of London's oldest institutions and an affiliate of Singapore Exchange (SGXL.SI), has launched a new service for shipping investors that provides a snapshot five-year view of the financial prospects for...
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