Hong Kong-based Orient Overseas Container Line (OOCL), an affiliate of Cosco since 2018, recorded more volumes, but significantly less revenues in Q4/2023. The revenues almost halved (-49%), falling from USD 3.18 billion in...
Intermarine, a multi-purpose carrier based in the Americas, is planning to add more vessels to its fleet in collaboration with the Jumbo-SAL-Alliance. The significant expansion includes four heavy-lift vessels, acquired on a...
Ignazio Messina & C., a Genoese shipping company, has taken over the 'Jolly Giada', a full-container ship, at the Port of Algeciras, completing its first phase of planned acquisitions in the container vessel market. The...
International Container Terminal Services, Inc. (ICTSI) has committed to net zero greenhouse gas emissions from its direct operations (scope 1) and purchased electricity (scope 2) by 2050. The company aims to reduce these...
Starting on 15 January 2024, the port of Antwerp-Bruges will implement the certified pick-up system for the release of import containers, replacing the current pin code system. This mandatory digital platform ensures a safer,...
Antwerp’s throughput suffered in 2023, yet the merger with Bruges still paid off. Altogether, 271 million t of cargo were handled in the major Belgian seaport in 2023, down 5.5% from the previous year. The port attributed the...
The Terminal Cuenca del Plata (TCP) in Montevideo (Uruguay) in Latin America is investing in new equipment. TCP, a company owned by Katoen Natie (80%) and National Port Authority ANP (20%), has earmarked more than USD 500 million...
According to Bimco, a record 350 new container ships were delivered in 2023, totalling 2.2 million teu and surpassing the 2015 record. Container fleet capacity increased by 8%, the highest growth rate since 2011, with ships over...
Mitsui O.S.K. Lines (MOL) has formed a capital alliance with Hokutaku, Japan's largest wind turbine maintenance company. With this alliance, effective from 9 January 2024, MOL acquires a majority stake in Hokutaku. Independent of...
In January 2022, MSC took the crown from Maersk as the world's largest shipping line with a fleet of 645 units and a combined capacity of almost 4.3 million teu. While Maersk’s fleet shrank in 2023 by 112,500 teu or 2.7%, MSC...
P&O Ferries is launching a new roro freight route between London (Tilbury 2) and Rotterdam (Europoort), starting March 2024. This addition bolsters P&O Ferries' network, creating five hubs - Hull, Teesport, Tilbury,...
FRS Windcat Offshore Logistics has introduced the 'Hydrocat 55', Germany’s first hydrogen-powered dual-fuel crew transfer vessel (CTV), for 50 Hertz operations in the Baltic Sea. Developed in partnership with Cmb.tech, the...
AD Ports Group has announced that Noatum Terminals, part of Noatum Group, has acquired 100% of APM Terminals Castellón in Spain for EUR 10 million. The deal includes a long-term agreement with the stevedoring union, ensuring...
Zim Integrated Shipping Services has expanded its ZMP service, which connects Asia with the East Mediterranean, to include a new stop at Cai Mep Port in Vietnam. This addition positions Zim as the sole major carrier...
The 'Lowlands Hope' sailing under the Singapore flag was the first vessel of 2024 to dock at the Port of Trois-Rivières in Quebec on 2 January, after a 17-day Atlantic crossing. Departing from Sao Luis, Brazil, with 21 Indian...
The Grimaldi Group, an Italian private shipping company, has acquired a 67% majority stake in the Heraklion Port Authority (HPA) for the price of EUR 80 million. This move comes after its recent acquisition of the Igoumenitsa...
APM Terminals Med Port Tangier in Morocco has recently completed phase 2 of its expansion, increasing its capacity by over one million teu. The upgrade adds seven new container stacks, a 400 m berth and features 14 automated...
In November, the RWI/ISL Container Throughput Index, which measures global shipping activity, saw a slight uptick to 124.5 points, mainly due to a rise in container handling in Asian ports outside China. This growth was however...
China's Jiangnan Shipyard introduced the world's largest nuclear-powered containership at the Marintec China 2023 trade fair in Shanghai recently. With a 24,000 teu capacity, this design features advanced molten salt...
AD Ports Group and Masdar have signed an MOU to develop a green hydrogen production hub within Khalifa Economic Zones Abu Dhabi (Kezad). This initiative aligns with the UAE’s national hydrogen strategy, aiming to increase local...
