20.01.2023

Hapag-Lloyd closing the case

What started off well in September 2022 has now come to a close. The antitrust authorities have given their green light with regards to Hapag-Lloyd’s acquisition of a minority stake in the Spinelli Group based in Genova. The...
19.01.2023

Recent developments in global piracy

The ICC International Maritime Bureau (IMB)'s report on global piracy in 2022 sums up 115 recorded incidents of piracy and armed robbery against ships – compared to 132 in 2021. In total, 107 vessels were boarded, two vessels...
19.01.2023

Asyad goes Singapore

Oman-based Asyad Shipping has opened the company’s first international office in Singapore to expand its business portfolio into the Asian market. Earlier this year, Asyad Shipping commissioned a new container line that connects...
19.01.2023

Upgrade around the horn of Africa

Ocean Network Express (ONE) has upgraded its Maputo/Mombasa India Middle East (MIM) service, with weekly departures to start at the end of this month. In line with this change, ONE will be assigning more of its vessels to the MIM...
18.01.2023

OOCL's next behemoth takes to the water

The joint venture between Cosco Shipping and Kawasaki Shipbuilding, Dalian Cosco KHI Ship Engineering in China has completed the new 24,000 tea container unit built for Hong Kong-headquartered carrier OOCL. The most recent...
18.01.2023

Shanghai still ahead in 2022

In terms of throughput, Shanghai is again ahead of Singapore in 2022. Despite the pandemic shutdowns, the Shanghai International Port Group (SIGP) handled more than 47.3 million teu last year. While container volumes were...
18.01.2023

MOL procures loan for sustainability

The Japanese carrier MOL recently made use of another transition-linked loan with Sumitomo Mitsui Banking Corporation. This is Japan’s first global commitment line agreement using this kind of loan. It is a financial instrument...
17.01.2023

Changes in cargo flows

The Copenhagen-based maritime agency provider Sea-Intelligence recently published an analysis of the cargo streams on the North America West Coast (NAWC). Compared to 2019, volume growth in 2022 stagnated during the first two...
17.01.2023

PSA keeping the balance in 2022

Singapore-headquartered PSA International (PSA) has reported its results for 2022. In total, the Group handled container volumes of 90.9 million teu globally. Compared to 2021, the group’s volume decreased by 0.7%. The flagship...
17.01.2023

Another way of Californication

The Japanese container shipping company Ocean Network Express (ONE), headquartered in Singapore, has signed agreements to acquire a 51% stake in two terminals on the US West Coast - Tra Pac and Yusen Terminals (YTI). MOL and...
16.01.2023

The Alliance and the Atlantic

Falling volumes are causing problems in the deployment of ultra large container ships (ULCS). The Alliance is now focusing on Asia and Northern Europe. In its estimation, the Asia-Northern Europe trade is regaining in importance....
16.01.2023

For a change in East Africa

A feeder service was recently enhanced in East Africa. The French line CMA CGM announced that it has deployed more capacity on its feeder service connecting Kenya to the island of Zanzibar (Tanzania) A second vessel, the...
16.01.2023

USD 630 million investment in ammonia options

The Naples-based Grimaldi Group has ordered five new ammonia-ready PCTCs (pure car and truck carriers). This new project, which also includes an option for a further two vessels, comes just over two months after the latest order...
09.01.2023

Banking on East Africa

New service linking India, UAE, Kenya, Tanzania. Three shipping lines have one eye clearly focused on expected growth of 8% for East African economies. They are set to cooperate on a joint service that will connect India and the...
07.01.2023

An Italian takes the helm

Zeno D’Agostino new president of the top European ports organisation in Brussels. Verona, Naples, Trieste – and now Brussels. Former Espo vice-president Zeno D’Agostino was unanimously elected president of the pan-European ports...
01.01.2023

A difficult and protracted re-birth

Back on the open sea – a Fratelli Cosulich ship no longer blockaded in Ukrainian port of Mariupol. Nine months can be rather a long time in shipping. That was the time it took the shipping line Vulcania, a subsidiary of the...
23.12.2022

A big eye and boxes

The Rivergate system identifies containers on inland vessels. Digitalisation has reached new levels in inland shipping too. Duisport has teamed up with its technology partners to equip cranes with cameras that work together to...
14.12.2022

Tarros’ Egyptian partner in fruitful exchanges

Tarros Med Egypt was interactive and busy with fruitful meetings during the seventh edition of the ‘Food Africa’ exhibition in Cairo last week. The official partner in Egypt of the Italian shipping line Tarros even had an...
14.12.2022

Big plans for Poti in Georgia

Poti Sea Port, the largest gateway in Georgia for exports, imports and international transit, is being enhanced by its Danish management company APM Terminals. The hub recently witnessed the maiden call of the new ‘Poti Türkiye...
14.12.2022

Another India-West Med connection

The Geneva-based Mediterranean Shipping Company (MSC) is about to start a new direct India–Middle East-West Med service, connecting India to the Western Mediterranean. Transit times from Mundra will see vessels reach Genoa in...
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