21.08.2023

Q Terminals Group grows footprint in Europe

Q Terminals Group, a joint venture of Qatar Ports Management Company and Qatar Navigation, has acquired a majority stake in Kramer Holding, a logistics and container services provider at the Port of Rotterdam. The Dutch company...
21.08.2023

Luka Koper expands storage capacity

Luka Koper has bolstered its reefer capabilities by adding 315 new reefer plugs, which now total over 1,000 units. This is to prevent interruptions in cold chains during peak seasons. The upgraded section accommodates five reefer...
21.08.2023

IRS to classify hybrid electric catamarans

Indian Register of Shipping (IRS) has been awarded the task of providing classification services for six hybrid electric catamarans commissioned by the Inland Waterways Authority of India (Iwai). These vessels, built at...
18.08.2023

DP World: robust growth in H1/2023

DP World’s financial results for the first half of 2023 show robust growth, with a 13.9% increase in revenue to USD 9.0 billion and a 7.0% rise in adjusted ebitda to USD 2.6 billion, reflecting a 28.9% adjusted ebitda margin....
18.08.2023

Wallenius Wilhelmsen steers a steady course

Wallenius Wilhelmsen reported steady Q2 results with USD 477 million in ebitda and USD 396 million in operational cash flow. CEO Lasse Kristoffersen highlighted challenges such as port delays due to biosecurity clearance...
18.08.2023

More eco-friendly vessels for X-Press Feeders

Shortly after ordering six new 1,250 teu container vessels with dual-fuel engines, the Singapore-headquartered shipping company X-Press Feeders stated delivery of third and fourth unit of its most recent series of 7,000 teu...
17.08.2023

Interesting laden import growth in Q2/2023

The Copenhagen-based maritime intelligence provider Sea-Intelligence reports that, at 2.7%, the annualised NAEC (North American East Coast) laden import growth regained momentum in Q2/2023 compared to pre-pandemic 2019 figures....
17.08.2023

ZIM navigates challenges in Q2/2023

ZIM Integrated Shipping Services reports Q2/2023 financial results, revealing USD 1.3 billion in revenues, a net loss of USD 213 million, and adjusted ebitda of USD 275 million. Amid challenging container shipping market...
17.08.2023

MCT resumes MHT shipping service

Mindanao Container Terminal (MCT), part of International Container Terminal Services (ICTSI), has resumed the Mindanao-Hong Kong-Taiwan (MHT) service by Wan Hai Lines.   The weekly service, connecting Subic, Cebu, and...
16.08.2023

AD Ports Group: growth in Q2/2023

AD Ports Group reported a significant 66% YoY revenue increase in Q2/2023, reaching AED 2.1 billion (USD 571 million). The result was driven by a good performance in maritime, ports, and digital clusters, alongside acquisitions....
16.08.2023

HGK Shipping and Salzgitter Group join forces

HGK Shipping and Salzgitter Group have signed a memorandum of understanding (MOU) to enhance sustainable logistics on waterways. The partnership focuses on efficient transport, minimising emissions, and optimising cargo...
16.08.2023

NYK: more wind energy to reduce emissions

A new approach for NYK Bulkship (Atlantic): the subsidiary of the NYK Group is planning to implement wind-assisted ship-propulsion on a bulk carrier under a long-term charter contract with Cargill International. With this...
15.08.2023

Pursuing growth in the Dominican Republic

P&O Maritime Logistics has won a contract with DP World in the Dominican Republic to enhance vessel capacity and frequency in the port of Caucedo. The agreement, commencing on 7 December 2023, involves deploying three...
15.08.2023

ICTSI’s surging net income

In H1/2023, International Container Terminal Services (ICTSI) achieved a 7% rise in net income to USD 313.8 million. Throughput grew by 9% to 6.28 million teu, mainly due to MNHPI’s contribution and trade improvement....
15.08.2023

Adani Ports setting sail

Adani Ports, a ports, terminals and logistics group based in India, has announced its results for the first quarter of its current financial year, which began on 1 April 2023. Net profit surged by around 83%, driven by a...
14.08.2023

Singaporean sustainability

AAL Shipping (AAL) is pushing ahead with its business reporting and to this end recently released its ‘Sustainability Report’ for 2022. In it the shipping line shares elements of its efforts in the environmental, social and...
14.08.2023

Thessaloniki and Ashdod bond

The Port Authority of Thessaloniki and Ashdod Port Company, Israel, have inked a new agreement. The new cooperation focuses on innovation, with a particular emphasis on cybersecurity and operational efficiency. At the same time,...
14.08.2023

NAL Maroc Agency in new hands

Following approval by the Moroccan antitrust authorities, Sea & Ports recently completed the full acquisition of NAL Maroc Maritime Agency, of which the Spanish group had already purchased 51% of the shares in 2022. The...
12.07.2023

Everything from a single source

DP World – transforming itself from a terminal and port operator to a supply chain architect. The trend towards being able to offer as many services as possible can be seen in almost every large transport and logistics company...
07.07.2023

CMA CGM starts "NC Levant"

France-based CMA CGM is launching its new offering "NC Levant". Starting next Monday, 10 July 2023, in Salerno (Italy), the service is intended to improve reliability and performance on the following rotation:...
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