25.02.2019

Port of Gothenburg on a rising tide again

The port of Gothenburg noted a pleasing upswing in 2018. Volume growth intensified during the year and was strongest during Q4/2018 with +27%. The increase can be compared with the downturn in volumes during the industrial...
25.02.2019

Maersk on the defensive

Maersk reported that its profitability was in line with the latest guidance for 2018. Ebitda amounted to USD 3.8 billion, 8% more than in 2017. The improvement in operating earnings was driven by higher freight rates,...
22.02.2019

Laurels for GAC in India

The office of the additional commissioner of customs at Krishnapatnam Port (India), has named GAC India the top steamer agent for financial year 2018-2019. Among all agencies, the award winner handled the most port calls...
22.02.2019

Den Hartogh and MOL set up new partnership

The Japan-based unit MOL Chemical Tankers (MOLCT) has acquired a 20% stake in Den Hartogh Holding. After the acquisition, both parties will sign a partnership deal aimed at jointly expanding the transport of liquefied chemical...
22.02.2019

Full year figures for Spanish Ports confirm good 2018

The full year 2018 results for Spanish ports are generally favourable. According to data published by Puertos de Estado, a total of 550.7 million t were moved in 2018, 3.5% more than in 2017. In the period under review, the...
21.02.2019

Invest securely

The American Association of Port Authorities has presented the latest report in its infrastructure series, ‘The State of Freight’. It comes as no surprise that it has called for state investment – the amount and the focus are...
21.02.2019

HHLA banking on sustainable energy

At the beginning of the year, the German port operator Hamburger Hafen und Logistik (HHLA) and selected partners commenced research and development work on the publicly funded Fresh project at the Container Terminal Altenwerder...
21.02.2019

Danica to manage crew on newbuild

The crew management company, Danica, has been entrusted to manage the crew on the "Port Imabari", an ultramax newbuilding for Lisbon-headquartered Portline Bulk International. Delivered in January 2019, the 63,500...
21.02.2019

Hapag-Lloyd in the mood

The US rating agency Moody’s has upgraded Hapag-Lloyd’s corporate family rating (CFR) to B1 from B2 and its senior unsecured bond rating to B3 from Caa1. The outlook remains stable. The improved rating acknowledges...
20.02.2019

Great Yarmouth upgrades port equipment

The port of Great Yarmouth has received a new crane with an 84 t lifting capacity for handling larger cargoes on England's east coast. The LHM280 crane – purchased from Liebherr by the port owner Peel Ports Group, – also shortens...
20.02.2019

APL unveils AAX2 service

The CMA CGM affiliate APL is set to launch a new weekly Asia Australia Express 2 (AAX2) service that will directly connect the Southeast Asian ports of Vietnam, Malaysia, Singapore and Indonesia to the Australian cities of...
20.02.2019

Batumi container terminal overhauled and expanded

The Philippines-based terminal and port operator ICTSI has formally opened its enlarged Batumi International Container Terminal (BICT) in Georgia. The expansion to improve cargo flow processing and increase capacity involves both...
19.02.2019

Roll Group completes its Elba LNG project

After more than two years of work, Roll-Lift USA has completed the expansion of the LNG plant at the Elba Island Project located in Savannah GA (USA). The first challenge to overcome was the low-weight limit and deteriorating...
19.02.2019

Schulte Group's acquisition in Singapore

The Hamburg-based Schulte Group has acquired a majority stake in Tec Hull Clean Limited (THC), a services provider in the maritime business. The Singapore-registered company specialises in underwater inspection, repair and...
19.02.2019

Port of Hamburg sets a steady course

In 2018, the port of Hamburg handled 135.1 million t of sea cargo, similar to the result of the previous year. One of the reasons for the slight decrease of 1% was a drop in bulk cargo volumes. Loaded container volumes remained...
18.02.2019

Hydrogen fuel - on its way to Auckland

The New Zealand-based port operator, Ports of Auckland, is to receive some financial support for purchasing hydrogen fuel cell vehicles from the government’s low emission vehicles contestable fund. Ports of Auckland, along...
18.02.2019

Modest growth at Rotterdam

At 469 million t, the port of Rotterdam’s total throughput in 2018 was only slightly higher than in 2017 (467.4 million t). Container transhipment, with a 4.5% increase in tonnage, drove the growth. The surge, measured in teu was...
18.02.2019

Eurogate Group on a stable path

The Eurogate Group registered a stable 2018 financial year. Some 14.1 million teu were lifted at the group’s twelve locations in and around Europe, and the intermodal container transport volume rose 2.8% to around 1.05 million...
15.02.2019

Trois Rivieres Port Authority sets up two funds

The Canada-based Trois-Rivières Port Authority (TRPA) is setting up two funds for its users, with a total investment of CAD 2.5 million over five years. Fund no. 1 is an environment fund that aims to support users' investments in...
15.02.2019

More space for manoeuvres at Saudiports

The nine ports of the Saudi Ports Authority (Mawani) are undergoing some major developments. For instance, an integrated shipment scheduling system was recently rolled out at King Abdul Aziz port. The system forms part of the...
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