04.11.2022

Large investment by ADP

Abu Dhabi Ports (ADP), which operates ten hubs and terminals in the United Arab Emirates, has agreed to buy a controlling stake in Dubai-based Global Feeder Shipping (GFS), investing approximately USD 800 million to this end....
03.11.2022

The deal is on

It was a long struggle, but the outcome is clear. Atlas, the holding with Seaspan as a major global containership lessor in its portfolio, has agreed with Poseidon Acquisition on the sale of its shares. Poseidon is a consortium...
03.11.2022

Behemoths on methanol

Sometimes it is not the seven dwarfs, but the seven giants. The Hong Kong-based Orient Overseas Container Line (OOCL), an affiliate of Cosco, has extended its orderbook. Seven newbuilds with dual-fuel methanol-compatible engines...
03.11.2022

NYK banking on Indonesian energy

It is a strategic agreement. The Japanese carrier NYK has now reached a basic agreement allowing it to invest in PT Pertamina International Shipping (PIS), a shipping subsidiary of the oil and gas company PT Pertamina (Persero)...
03.11.2022

Ocean money for logistics investment

For A.P. Moller - Maersk (Maersk), Q3/2022 turned out to be just as bountiful as expected. Compared to the previous quarter, turnover rose by 37% and ebitda even increased by a whopping 60%. CEO Søren Skou spoke of the "16th...
02.11.2022

A birthday brand is born

DCT Gdansk has changed its name to Baltic Hub. Celebrating its 15th anniversary this year, the terminal operator underlined that the name change testifies to its ambitions to become the major player hub in the region....
02.11.2022

Special shipment from South Korea to Poland

Hyundai Engineering contracted Deugro to 120,000 freight tonnes of petrochemical equipment, from South Korea and China to Police, Poland. The project in question encompassed a number of oversized and heavy lift (OSHL) units,...
02.11.2022

A federal grant to cut emissions

In Florida, the federal department of transportation’s (DOT) maritime administration has awarded a grant of USD 23.5 million to support Jaxport's programme to reduce emissions with the sustainable solutions (express) project....
01.11.2022

Major relocation in Yokohama to come

The Yokohama Kawasaki International Port Corporation (YKIP) and the CMA CGM Group have signed a reservation agreement for the Honmokufuto D5 container terminal in Port of Yokohama. This move is part of the preparations for the...
01.11.2022

Twelve sisters complete

It is the end of a long journey. The last of twelve hybrid ro-ro ships of the Grimaldi Green 5th Generation (GG5G) class was recently delivered from the Chinese Jinling shipyard in Nanjing. The “Eco Italia” flies the Italian...
01.11.2022

Rina now at Iwsa

The classification society Rina has officially become an associate member of the International Windship Association (Iwsa), which is a not-for-profit, member-driven organisation that facilitates and promotes wind propulsion for...
31.10.2022

Container flows not peaking yet

In September 2022, the container throughput index published by the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) surged to 126.8 points from the 125.9 points (seasonally...
31.10.2022

EUR 1 billion for ammonia

Ammonia is the Grimaldi Group’s the next big project in its strategy to upgrade its own fleet. The shipping company has ordered the construction of five new PCTCs (pure car truck carriers) with the shipyard China Merchants Heavy...
31.10.2022

More containers at Gothenburg

In Q3/2022, the Port of Gothenburg continued to expand its market share in Sweden as well as in comparison to nearby major ports in Northern Europe. The port currently holds a 53% share of the Swedish container market (+3%)....
28.10.2022

Duisport is not Tollerort

In Germany, Cosco has sold its shares in the Duisburg Gateway Terminal (DGT) to Duisport, the operator of the port of Duisburg, as it was announced recently. The Chinese player had held 30% of the shares. So far, neither party...
28.10.2022

Volumes at DPW still growing

It’s a rare occurrence nowadays. Dubai’s port and free zone operator DP World kept the pace in 9M/2022 and recorded a 2% gain in container volumes across its network worldwide. Handled volumes amounted to 59.6 million teu....
28.10.2022

Taking a different way to the Cape

Maersk has adjusted the route of its SAECS service by shuffling the ports of call. The new rotation of the service will cover the ports of Port Elizabeth, Durban, Cape Town, Rotterdam, London Gateway, Bremerhaven, Algeciras and...
27.10.2022

Lagos is the new location

For the first time, the German shipping and logistics expert Harren Group is extending its presence to Africa. The group's first office on the continent just opened its gates in Lagos. Harren Nigeria is led by managing director...
27.10.2022

Vessels Value's outlook on newbuilds

Rebecca Galanopoulos Jones, senior content analyst at Vessels Value, has underpinned current developments on the maritime container market with the latest data. While volumes on the main trade lanes are slowing despite...
27.10.2022

2M reshaping the Transpacific

Carriers are continuing to readjust their shipping capacities to decreasing demand. Now, the 2M Alliance of Maersk and MSC has bundled the TP1/Maple and TP9/Eagle services into a new offering. The first sailing of the new...
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