Pirates high and dry in Somalia 
Piracy’s threat to global shipping is dwindling, at least in the coastal areas of Somalia. Six international shipping organisations consider the Indian Ocean to no longer be a high-risk area, as there have been no attacks on merchant vessels off Somalia since 2018. Thus the... more
Port luck for Buenaventura 
Colombian port welcomes new lines and new investors. Maritime links between the Far East and Latin America have once more improved, thanks to Yang Ming, Wan Hai and PIL, amongst others. North American investors, in turn, have spotted the potential around the Panama Canal on the... more
LNG to China via MOL
Tokyo-based MOL is focusing on its LNG activities. Through a wholly owned subsidiary, the carrier signed a long-term charter contract for three newbuilding LNG carriers with ENN LNG (Singapore). The ENN holding’s headquarters are in Langfang City in Hebei Province, China.... more
Medgulf sails on 29 September
CMA CGM will be starting its new Medgulf service at the end of September 2022, connecting Southern Europe, North Africa, the US Gulf and Mexico. Six container vessels will be deployed. The service will call at Tangier, Genoa, Valencia, Miami, Veracruz, Altamira, Houston and... more
Caspian Sea is top
According to the government of the Astrakhan region (Russia), traffic at the port of Astrakhan at the northern end of the Caspian Sea posted a significant growth year-on-year, with throughput rising five-fold compared to the year before. This surge is attributed to the increase... more
Extending crane fleet in Genoa
The Italian Spinelli Group has ordered the first Generation 6 Mobile Harbour cranes to extend its existing fleet of cranes at their terminal in Genoa, North Western Italy. The order was booked in July 2022 and the crane will be delivered in December the same year. The... more
Global Ship Lease's figures and charters
London-based Global Ship Lease recently reported its latest results. On 30 August 2022, the average remaining term of the company’s charters was 3.1 years on a teu-weighted basis. Contracted revenue on the same basis was USD 2.4 billion. Overall, contracted revenue was USD 2.8... more
Navigation from space
The Grimaldi Group has received the green light for the GSAB (Grimaldi Satellite Assisted Berthing) project. The European Space Agency (ESA) has assigned the group a navigation innovation and support programme (Navisp) with the contribution of the Italian Space Agency (ASI)... more
Empties take their toll
A new container yard for empties has opened in the Port of Shanghai. It is intended to help the Shanghai International Port Group (SIGP) tackle the flow of empty containers. Located in the Yangshan Special Comprehensive Bonded Zone, the yard is expected to handle a... more
Gdansk to open new deep water quay in 2024
DCT Gdansk, the container terminal in the Baltic Sea and a member of the PSA Group, ordered ten new semi-automated rubber tire gantry cranes (ARTG) from Konecranes. The company has also committed itself to retrofitting its current fleet of 15 Konecrane RTG cranes. Further... more